The CEO Pay Machine: How Can We Stop It?

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Clifford cites several main studies indicating that pay is not intently correlated with returns. He notes that pay is usually associated with a big aspect of luck, such because the CEO of an oil firm getting a huge payout because the share value of the corporate surged together with world oil costs. Clifford also points out that CEOs are usually not particularly cellular. They have firm-specific skills, so even a vastly proficient CEO might not have an excellent second option if her present company won’t comply with an enormous raise.