Re: Nobody is looking at how the executives spend money on themselves.
This this this!!!
Any time you want to predict the top of a bubble or a company's inflection point from growth to decline, it's one of these indicators:
- Executives buying corporate jets if they didn't have one already
- Lavish spending on conferences, etc. for senior management
- Buying or renting a new headquarters (see Sun for an example of that one.)
Also, people forget that executive compensation isn't limited to money or stock. Companies routinely give "loans" to execs for real estate purchases, which are conveniently forgiven later on. They pay for expensive cars, "business dinners," private security forces, family vacations, etc.
I don't know why more people don't just form corporations and funnel all their personal expenditures through them. I did IT support for executives of a large company way back in the day, and it was not uncommon to see their secretaries processing massive expense reports covering things that were obviously personal expenses.