Arguably Singapore during the FlexPay period (salaries/bonuses indexed to GPD growth). But the proper analog is in the shopping mall, large multifamily, and master planned community industry
Yes, a very interesting education. Cowperthwaite did some studies in classical economics after his undergraduate, as I recall but was certainly no PhD.
I really appreciate that he was driven by neither ideology nor greed, and that he managed to resist the pressures and trends the way he did. Quite exceptional for someone in that kind of role.
>I mean literal entrepreneurs, with a long-term financial interest in a city, at the helm of management.
Did JC have such a financial interest?
No, he did not enjoy financial upside in the city. But we shouldn't build on the assumption we get such a unicorn at the helm ;-)
Do you know of cities that have created residual claimant incentives?
Arguably Singapore during the FlexPay period (salaries/bonuses indexed to GPD growth). But the proper analog is in the shopping mall, large multifamily, and master planned community industry
And a classics major, at that. Three cheers for the Humanities ❤️
Yes, a very interesting education. Cowperthwaite did some studies in classical economics after his undergraduate, as I recall but was certainly no PhD.
I really appreciate that he was driven by neither ideology nor greed, and that he managed to resist the pressures and trends the way he did. Quite exceptional for someone in that kind of role.
That was fantastic education for me! Thank you for writing that!
Thank you!
What a character! His story merges with that of Hongkong itself.
Yes, HK would look very different without Cowperthwaite, I suspect.
Thanks, Clark!