Stop Making CEO Pay a Political Issue
Harvard Business Review
JULY 18, 2016
Well, so might employees be, should CEO pay contracts be put up for a vote. 11 countries have passed say-on-pay legislation since 2002; Ricardo Correa and Uger Lel show in a forthcoming paper in the Journal of Financial Economics that such legislation has led to a significant reduction in pay and an increase in pay-performance sensitivity.
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