In olden times, that is to say pre-Internet, a businessman’s dream was to one day grow up to lead a company as President or CEO into a new era of growth and profitability. Well, not any more. Now, the dream is simply to become the CEO so that you can have an enormous, unchecked compensation package.
A new study jointly issued by professors at Harvard, Yale and INSEAD demonstrates that CEOs with the most outrageous compensation packages, relative to the other company executives, are associated with companies that under-perform.
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