Are Corporate Boards Wising Up on CEO Perks?
Corporations seem to be cutting back on the CEO perks that most inflame public opinion against executive pay excess. But CEOs, even so, have little reason to complain.
Corporations seem to be cutting back on the CEO perks that most inflame public opinion against executive pay excess. But CEOs, even so, have little reason to complain.
Forty years ago, U.S. corporate honchos saw their power ebbing away. So they did what corporate honchos always do. They asked for a memo.
So much for 'pay for performance': New research from Harvard shows that 'peer networks' at the corporate summit significantly escalate executive compensation.
This year, for the first time, shareholders in the United States can vote on CEO pay. UK shareholders have had that right since 2002, but it hasn't slowed CEO pay excess. A new UK High Pay Commission report explores why.