Ed Van Wesep

Strong piece on the level and structure of exec pay by ⁦@aedmans⁩. It shouldn’t be too complicated. Levels aren’t a problem. Misalignment can be.

Dizzyingly high CEO pay is fine. It just needs to be earned (from @TheEconomist) economist.com/by-invitation/…

I would have to see the actual contract but this seems to suffer from the same problems as Musk’s new deal. It is easy to game targets. Example: issue $100B in equity and invest in short-term debt, delivering $3B in EBITDA. Both targets are hit. Trivially. cnn.com/2026/01/07/bus…

@XcelEnergyCO People are upset about lack of power with no wind because the premise of the outage was prevention. High chance of line going down and high chance of small fires spreading means chance of big fire. There may be damage now but what is new this time?

@XcelEnergyCO Power has been out for 13 hours today, the third day of major outages. There hasn’t been a gust in hours. Turn the power on.

I’m proud to announce that I have signed a book deal with Harvard University Press for an economics book provisionally titled Disequilibrium: Power, Profit, and the Consequences of Market Malfunction. Hopefully I’ll have something to add to the reference shelf soon(ish).