A CEO pay survey highlights the underlying differences of opinion that may cause disagreements on remuneration—and also areas of agreement.
What determines CEO pay? Researchers typically answer this question by building models and testing their predictions with data. We’ve learned a substantial amount from this research—some of which has won Nobel prizes.
But these methods have limitations. Just like a flight or city simulator, a model needs to make assumptions—but how close are they to the real world? And the problem with data is that many key variables, such as a CEO’s intrinsic motivation, are hard to measure.
In a new paper, CEO Compensation: Evidence from the Field, we take a different approach—we survey over 200 UK directors and over 150 investors on how the
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The UK's governance watchdog has produced its much anticipated report on corporate culture making a series of observations based on conversations with board chairmen, chief executives and stakeholders.
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