[candiddevmike]

> management holding the business hostage because they prefer their salary to shareholders having a return.

But Ive been fed that the principal agent solution of equity and executive privilege prevents this! Next you'll tell me capitalism doesn't allocate resources efficiently.

[JumpCrisscross]

> the principal agent solution of equity and executive privilege

This phrase is distilled nonsense. Executive privilege [1] has precisely nothing to do with the principal-agent problem [2].

[1] https://en.wikipedia.org/wiki/Executive_privilege

[2] https://en.wikipedia.org/wiki/Principal%E2%80%93agent_proble...