Disconnect Between Pay and Performance A Perspective on Valuation

A Special Place for Corporate Managers

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While they won’t always admit it, most investors hold a special place in their hearts for successful and honest corporate managers. That’s primarily driven by the significant role strong management plays in their investments’ increasing in value – the surest way into an investor’s heart – but it also reflects respect for the difficult job top managers have. As Fairholme Fund’s Bruce Berkowitz says of the best CEOs: “These are people who are great operators and managers, with excellent people skills – not qualities value investors are generally known for.”
Source: http://www.valueinvestorinsight.com/