MANAGEMENT: The Best Is Cheapest

Are successful, high-paid executives too highly paid? No, says Wall Streeter Gerald M. Loeb, a partner in E. F. Hutton & Co.

"No price," wrote Loeb in the current issue of the monthly Investor, "was too high to have paid Walter P. Chrysler to go to work for the obscure and failing Maxwell-Chalmers Corp. and build it up into one of the big three motormakers. No low figure, paid the managements of the smaller independents that at the same time fell by the wayside, could possibly have been a bargain."

The best management is generally the cheapest in the end, wrote...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!