What Friedman could learn from Morgenson

Thomas Friedman this week calls for a Dow Jones index that reflects Mother Nature’s wellbeing (or lack thereof). What he might in fact want to do is take a leaf from Gretchen Morgenson, who wishes more shareholders would follow the lead of those willing to smoke out Chesapeake Energy’s overpaid chief executive.

We all know Mother Nature is feeling poorly, so perhaps what she needs more urgently than Mr Friedman’s Dow index is more active investors. Come to think of it, what investors of companies listed on the Dow need is an index that better highlights – and shames into submission – grossly overpaid chief executives and the board members that allow them to get that way.

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