There is very little the privileged class has that everyone else doesn’t have, except money.–Alex Castro (son of Fidel Castro)
Tremeda Hambre! http://youtu.be/ssIv2c-u7R0 This Cuban interrupts an interview with a Cuban Reggae artist, yelling that he is hungry. He represents life in Cuba for the majority.
Life in Cuba for the masses:http://www.therealcuba.com/Videos.htm. Grim.
Of course, for a dictator to impoverish his country to desperation while holding onto power, there must be a special few to keep him in power.
Splendor amidst poverty with Cuba’s Gilded Elite http://www.theatlantic.com/international/archive/2012/09/splendor-amid-poverty-gallery-nights-with-cubas-gilded-elite/261956/
To understand how to take and hold power, read Machievelli http://en.wikipedia.org/wiki/Niccol%C3%B2_Machiavelli and my recent favorite:
And for more detail, The dictator’s handbook and blog (Satire!): http://dictatorshandbook.net/
Lessons for investors
Why bother? Well, those lessons will illuminate why and how there are so few gifted CEOs but so many highly paid CEOs with miniscule tie to performance in corporate America (though the situation is better than in Japan). Packed, insider boards and benchmarking with diffuse, ignorant shareholders might be the some of the reasons.
Pay for Performance Puzzle: http://www.businessweek.com/investor/content/sep2009/pi20090923_783858.htm
Please be in touch if any of you become a tyrant in a small, hot country.
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