It may be tempting to blame greedy CEOs and lazy boards for runaway executive pay. But a study shows top executives’ salaries are rising in direct proportion to top companies’ size and value.
Editor’s Note: as with almost all articles on executive compensation, this one assumes an efficient market for executive talent, which is an assumption I personally disagree with. Feel free to disagree by adding your own comments…
Authors: Augustin Landier, Xavier Gabaix
Source: STERNbusiness (NYU)
Subjects: Corporate Governance, Economics