The Nasty Truth about CEO Pay
Harvard Business Review
JUNE 3, 2011
Yes, the market is rebounding; the S&P 500 was up 13% over 2010. But we still haven't recovered all of the losses from 2008. It plummeted in the fall of 2008 and bottomed out on March 9, 2009 at 676.53. The fact is, because of the structure of their compensation, CEOs are rewarded for share price volatility not performance.
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