A new study shows that the more you pay a CEO, the worse he does. No kidding. Forbes:
Across the board, the more CEOs get paid, the worse their companies do over the next three years, according to extensive new research. This is true whether they’re CEOs at the highest end of the pay spectrum or the lowest. “The more CEOs are paid, the worse the firm does over the next three years, as far as stock performance and even accounting performance,” says one of the authors of the study, Michael Cooper of the University of Utah’s David Eccles School of Business.
I posted about CEO pay back in 2010 also…CEO PAY CRAP.
It hasn’t gotten any better and new studies are proving it is for the “brotherhood” that there are “compensation” committees on most board of directors… time to vote your shares against all board members and stir things up a bit…
WD0AJG