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Is CEO compensation related to company performance?
Author(s) -
Langsam Sheldon A.,
Kreuze Jerry G.,
Newell Gale E.
Publication year - 1997
Publication title -
journal of corporate accounting and finance
Language(s) - English
Resource type - Journals
eISSN - 1097-0053
pISSN - 1044-8136
DOI - 10.1002/jcaf.3970090111
Subject(s) - compensation (psychology) , executive compensation , business , accounting , factory (object oriented programming) , finance , corporate governance , computer science , psychology , psychoanalysis , programming language
Abstract CEO compensation now averages about 209 times that of the typical U.S. factory worker. But is CEO compensation related to company performance ? The authors review the key issues in accounting for CEO compensation, and then compare the compensation of CEOs with their companies' performance. The results are somewhat surprising.