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> Compensation should be in the tens of millions, at the very least. Unless of course some egalitarian image is more important than the money that the entire country depends on.

Or unless that is your opinion being tacked onto a whole country which values things differently than you.

So far the fund has done fine without needing to inject an ultracapitalist in their ranks to pump up a US$ 1tn fund even faster. For the Norwegian people it's better to have stability and some semblance of morality while administering these funds than pure and sheer cash. Your values are just different than what the Norwegian sovereign fund is about...



I agree and also think it's stupid to think you'll get better leaders by paying huge salaries. Would you rather see Ken Lay manage this fund?


So you don't think talent is attracted by higher salaries? Should everyone's salary just be the same, forever?

Would you yourself not switch a job because they offered more money? What you're saying doesn't make any sense.


No, but salary is an s-shaped curve. The higher you go, the less the additional benefit, if any. It totally does make sense, because you reach levels where differences in performance cannot be predicted at all. It's naive to believe otherwise.




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