The higher-paid CEOs are not always better for the business according to the research co-authored by Raghavendra Rau, Sir Evelyn de Rothschild Professor of Finance at Cambridge Judge Business School. The paper co-authored with Professors Michael J. Cooper of the University of Utah and Huseyin Gulen of Purdue University, found that companies with the highest-paid CEOs returned about 10 percent less to their shareholders than their industry peers.
Read the full article [csmonitor.com]
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