Mates rates? What CEOs Get Paid

Helen Roberts

No 373503, Competition & Regulation Times from New Zealand Institute for the Study of Competition and Regulation

Abstract: Can CEOs manipulate their pay through involvement in the pay-setting process? Contrary to what we intuitively assume, they may not. A study of New Zealand firms1 discovered that CEOs with the most direct involvement in the setting of their own remuneration are, on average, rewarded less generously than those who are kept at arm's length. Helen Roberts explains.Note: Fn1 on page 9 of this article should refer to: 'CEO Presence on the Compensation Committee: A Puzzle', G Boyle & Helen Roberts, Jan 2012. http://www.iscr.org.nz/f730,20191/20191_CEO_presence_on_the_Compensation_Committee-_A_Puzzle.pdf

Date: 2012-03-01
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