Does Management Hog Most of the Stock Options Granted in a Given Year, or Do Rank-and-File Employees Share in the Wealth? Generally, firms with more equitable distribution schemes perform better over the long run.

Yet it is the peculiar genius of our society that its rulers have figured out a way, as in the case of the fish fryers, to ensure that rage is directed precisely against those who actually do get to do meaningful work. For instance: in our society, there seems to be a general rule that, the more obviously one’s work benefits other people, the less

In a similar manner, publicly traded companies are incentivized to sacrifice long-term growth in the interest of showing profits on quarterly reports. The short tenure of CEOs and their large bonuses create perverse incentives.