Results for “Steven Kaplan”

People also lose sight of the fact that technology driven globalisation has been extremely beneficial for a lot of people outside the US. Hundreds of millions of people have been lifted above the poverty line in India, China, Africa and elsewhere.

University of Chicago finance professor specializing in private equity and leveraged buyouts

If corporate profits are high, it suggests performance has been terrific… you can't then complain that governance is broken! You can't have it both ways…. if corporate governance was better, profits would be even higher!

University of Chicago finance professor specializing in private equity and leveraged buyouts

Technology, scale and globalisation has helped people involved in business- and led to increased incomes for many groups. The conundrum we have in society is that many of the 'less-skilled' members of the population have not done so well from these trends and that's part of the reason for backlash.

University of Chicago finance professor specializing in private equity and leveraged buyouts

So not only has average pay gone down, but the job has got riskier.

University of Chicago finance professor specializing in private equity and leveraged buyouts

The average pay, inflation adjusted, has dropped more than 40% – yet the Gretchen Morgenson's of the world want to write that it's going up and up… that's just wrong.

University of Chicago finance professor specializing in private equity and leveraged buyouts