Subject: Re: SNOW down a lot today
Bloomstran had this to say in last years Semper Augustus annual report, "At least 40% of S&P 500 aggregate net income over the last two decades has not been used for outside shareholder benefit, but instead was paid to management. ...
Todays buyer of the S&P500 is getting an earnings yield of 3.61%, 40% of which is going into the pocket of management.

I'm sure that this effect is going on, and do not argue that it's egregious, but I would love to see how that was calculated. The figure seems a tad extreme even to me, at first glance. Are the managers really paid (say) over $700 billion a year?

Jim