By SIMON CONSTABLE
Just because you run a large and sophisticated public corporation doesn’t mean you can’t be played for a fool when it comes to executive pay.
It’s hard not to draw such a conclusion after reading a recently published study of CEO pay which cited extreme naiveté, confusion and knee-jerk decision-making.
Academics Kelly Shue and Richard Townsend of the University of Chicago and Dartmouth College, respectively, studied executive pay at corporations in the S&P 500 between 1992 and 2010. What they found is somewhere between jaw-dropping and staggering. Read more here.
via Wikimedia Commons
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