This study (paywall) may well be one useful contribution to explain (excessive) CEO pay. There is too much circularity in the appointment of board members, who in turn appoint the CEO. So they scratch each other's backs. But that leads to the question: how to find and appoint board members that ARE independent. And even if that problem is solved: what is the appropriate compensation for the CEO? The pay for performance mantra can be manipulated to justify ANY number
(14 March 2016)
Last week, the SEC’s Office of the Investor Advocate – which is also known
as the “OIAD” – announced that it had delivered this 24-page report to
Congress ...
22 hours ago
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