Yup, the headline says it all.
Hey Chief, you might start getting paid a lot more if you suck at your job then if you actually brought in some money for the company (and shareholders).
I was MIND BLOWN this morning when I came across the Wall Street Journal’s post on recent research done by MSCI on 800 CEOs at 429 large-to-midsize U.S. firms, which showed that the best paid CEOs run the worst-performing U.S. companies.
The data, which dates back 10 years, also showed that the opposite is true; the best-performing companies actually pay their CEOs a lot less.
“MSCI found that $100 invested in the 20% of companies with the highest-paid CEOs would have grown to $265 over 10 years. The same amount invested in the companies with the lowest-paid CEOs would have grown to $367,” the WSJ wrote.
Find the MSCI report here.
Check out Equilar’s list of Top 5 paid CEOs:
Comic relief?
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