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The Nasty Truth about CEO Pay

Harvard Business Review

This year was no exception, though the criticism had a particular post-crisis bent: Why are CEOs making an average $9.3 million, up 11% over 2009, when the economy is still largely in the tank? Yes, the market is rebounding; the S&P 500 was up 13% over 2010. Black-Scholes Valuation based on stock price at issue.