Why everybody knows CEOs are overpaid, but nothing happens

Mon, 19 Oct 2015 13:00:15 +1100

Andrew Pam <xanni [at] glasswings.com.au>

Andrew Pam
<https://theconversation.com/why-everybody-knows-ceos-are-overpaid-but-nothing-happens-47769>

"That CEOs are overpaid is something, as Leonard Cohen would say, “everybody
knows”; including the directors and shareholders who ultimately decide their
pay. Yet firms are unwilling to do anything about it, because to do so would
damage internal relations, undermine status and run against the norms of the
system."

A thorough report on a serious problem.  Via Muse.

Share and enjoy,
                *** Xanni ***

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