The world’s richest men and most highly compensated CEOs include (from top left) Microsoft founder Bill Gates, Zara owner Amancio Ortega, investor Warren Buffett, Mexican tycoon Carlos Slim, Amazon’s Jeff Bezos, Facebook’s Mark Zuckerberg, Oracle’s Larry Ellison and former New York City mayor Michael Bloomberg. Photo: EPA
The world’s richest men and most highly compensated CEOs include (from top left) Microsoft founder Bill Gates, Zara owner Amancio Ortega, investor Warren Buffett, Mexican tycoon Carlos Slim, Amazon’s Jeff Bezos, Facebook’s Mark Zuckerberg, Oracle’s Larry Ellison and former New York City mayor Michael Bloomberg. Photo: EPA
Anthony Rowley
Opinion

Opinion

Macroscope by Anthony Rowley

Billionaire CEOs, glamour stocks diverting money from essential public projects

  • Leading entrepreneurs and their glamour stock companies attract a cult following that produces fabulous valuations for them and their firms
  • The system in which they flourish is one that arguably does not provide the optimum allocation of capital to socio-economic needs

Anthony Rowley
Anthony Rowley

Updated: 8:42pm, 2 May, 2021

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The world’s richest men and most highly compensated CEOs include (from top left) Microsoft founder Bill Gates, Zara owner Amancio Ortega, investor Warren Buffett, Mexican tycoon Carlos Slim, Amazon’s Jeff Bezos, Facebook’s Mark Zuckerberg, Oracle’s Larry Ellison and former New York City mayor Michael Bloomberg. Photo: EPA
The world’s richest men and most highly compensated CEOs include (from top left) Microsoft founder Bill Gates, Zara owner Amancio Ortega, investor Warren Buffett, Mexican tycoon Carlos Slim, Amazon’s Jeff Bezos, Facebook’s Mark Zuckerberg, Oracle’s Larry Ellison and former New York City mayor Michael Bloomberg. Photo: EPA
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