This month our CIO, Linda Lebrun, outlines why we believe management ownership of corporate stock best aligns them with shareholders. Simply put – we human beings are self-centered and respond well to incentives that appeal to our self-interest. One is simply more inclined to be more attentive if the incentive structure appeals. Linda’s note speaks well to incentives. Founders like Steve Sadler or Brett Heffes should be incentivized to do what’s best for the company over the long-term and, by extension, their shareholders. Similarly, over the longer term, we believe management should be compensated fairly and generously, but not to the extent it impacts a shareholder’s return.