The market failure approach to executive pay
Pepper, A.
(15 November 2022)
The market failure approach to executive pay.
LSE Business Review.
(15 November 2022)
The market failure approach to executive pay.
LSE Business Review.
Thirty-five years of empirical evidence have failed to establish a strong link between executive compensation and firms’ financial performance. Sandy Pepper writes that it’s time to change the prevailing paradigm on executive pay. He says inflation in top pay is a “mad, bad system” and an important ethical problem.