executive options

Doug Henwood dhenwood at panix.com
Wed Apr 5 11:48:25 PDT 2000


Enrique Diaz-Alvarez wrote:


>1) Enormous friction costs of financial middlemen (was it 50% of net
>investment ending up in the pockets of the finance industry, Doug?).

More like 25%, I think, but I actually don't have a copy of Wall Street in my posh new office.

Doug



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