of the reasons that the free market system, capitalist system, the US economic system had produced good results was that whereas 100 years ago or maybe 150, companies were pretty much run by their owners. Eventually, we developed this thing called professional management. At an appropriate point in time, the professional managers took over from the founders and owners and brought skills that the founders and owners or certainly their children or their children's children didn't have. Managing companies was turned over from the owners and founders to professional managers who maybe had skills that the others didn't have and that this was a great source of our economic success. Makes sense. However, nothing's perfect. That's one of the bottom lines on life. Through this process, we developed basically two classes of people, the company owners and the company managers. It gets dangerous, as you say, when the managers are not responsive to the owners. If they paid themselves too well, if (23/32)
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