Thursday, August 29, 2013

Best paid CEOs are often fired or fined, study says - NBC News.com

Best paid CEOs are often fired or fined, study says - NBC News.com:
"About 40 percent of the highest-paid CEOs in the United States over the past 20 years eventually ended up being fired, paying fraud-related fines or settlements, or accepting government bailout money, according to a study released on Wednesday.
The report by the Institute for Policy Studies, a left-leaning think tank, said that chief executives for large companies received about 354 times as much pay as the average American worker in 2012. That gap has soared since 1993, when CEOs for big companies received about 195 times as much.
But the best-paying companies do not necessarily receive the best performance from their CEOs, the report said."

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