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)
On Wednesday, the PCAOB announced that it approved the adoption of an
amendment to PCAOB Rule 3502 to provide that an individual accountant can
be held lia...
1 day ago
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