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Highest-Paid CEOs Run Worst-Performing Companies, Research Finds (independent.co.uk)
An anonymous reader writes from a report via The Independent: According to a study carried out by corporate research firm MSCI, CEO's that get paid the most run some of the worst-performing companies. It found that every $100 invested in companies with the highest-paid CEOs would have grown to $265 over 10 years. However, the same amount invested in the companies with the lowest-paid CEOs would have grown to $367 over 10 years. The report, titled "Are CEOs paid for performance? Evaluating the Effectiveness of Equity Incentives," looked at the salaries of 800 CEOs at 429 large and medium-sized U.S. companies between 2005 and 2014 and compared it with the total shareholder return of the companies. Senior corporate governance research at MSCI, Ric Marshall, said in a statement: "The highest paid had the worse performance by a significant margin. It just argues for the equity portion of CEO pay to be more conservative."
No - no, it could NOT be! Those zero-sum *whackos* got to Slashdot too! It's not true I tell you - everything is a positive sum game, where you more you reward the rich and *deserving*, the more resources just *exist* to better serve the sheer excellence of the intentions of those in the market!
Entropy is a lie! Hope must win! If we only *trust* in the market enough, it WILL provide! Rational skepticism will only doom us all!
And with enough sarcasm, I might *just* be able to express how little a surprise this but of news is!
Ryan Fenton
It's obvious you didn't work for HP when Carly Fiorina came on board. A single person can destroy a company (or at least set all the triggers in motion so the organisation destroys itself).
The mountains of madness have many little plateaus of sanity - Terry Pratchett.
They're just boards who play the board member game, hiring expensive talent so that they in turn can be seen as worth it since they've succeeded in hiring expensive talent. CEO compensation needs to be cut drastically, because more money on the table just attracts the people who are good at taking more money OFF the table and into their pockets.
"Transparent" is a shit show that trades on every stereotype going. A man in drag is NOT a transsexual.
Knowledge = power.
Power = work / time, and time is money.
So knowledge = work / money.
The more you make the less you know.
Proof that CEOS shouldn't get paid so much.
Quite often CEOs in one company are board members in another company. That's the best explanation for stupid high CEO salaries.
What gets around goes around.
Enlightened self interest is good, greed is not. Self interest is smart, greed is stupid. Many people confuse self interest with greed but they are not the same thing.
Pay your best workers? You nuts? If you want to pump your stock, you gotta fire your best workers.
We used to have a Bill of Rights. Now, with the rights gone, all we have left is the bill.