The market failure approach to executive pay

Pepper, AlexanderORCID logo (2022) The market failure approach to executive pay. [['eprint_typename_blog_post' not defined]]
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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.

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