Am I old-fashioned? It offends me that Mary Meeker, "Queen of the Internet," earned $15 million last year.
I've got a confession to make. I don't own any Internet stocks. Not one. Nada, zip, zero. Dot com, I ain't.
Call me old-fashioned, but my instinct is to discourage people from buying shares in companies that don't have profits or even products.
My confession helps explain why I find the humongous salary paid to a so-called "Queen of the Internet" obscene. The "queen," in case you don't know, is one Mary Meeker, author of a book on Web businesses and holder of an MBA from Cornell University. Meeker, 40, was given her moniker by Barron's, the respected financial weekly. Her nickname caught on and has been broadcast by such elite publications as The Wall Street Journal. Fortune named her the third most influential woman in U.S. industry.
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