CEO Pay and the Lake Wobegon Effect

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Rachel Hayes and Scott Schaefer of the University of Utah have published CEO Pay and the Lake Wobegon Effect in the Journal of Financial Economics.  The central tenet is that every CEO wants to be paid above average because that means the company is performing above average.

Author: Doug Cornelius

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2 thoughts on “CEO Pay and the Lake Wobegon Effect”

  1. Pingback: Corresponding with Cornelius – My Comments Elsewhere | Compliance Building
  2. Pingback: Executive Compensation, Where Everyone is Above Average | Compliance Building

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