What is "fair" pay for a chief executive?
Chaigneau, P., Gottlieb, D.
& Edmans, A.
(26 January 2026)
What is "fair" pay for a chief executive?
LSE Business Review.
& Edmans, A.
(26 January 2026)
What is "fair" pay for a chief executive?
LSE Business Review.
Abstract
To many of us, chief executives with lavish luxury lifestyles look overpaid. And why can’t they do their job well without extravagant incentives? Pierre Chaigneau, Alex Edmans and Daniel Gottlieb’s study suggests that bosses are paid handsomely not because they refuse to work hard without the carrot of an extra yacht, but because they wish to be recognised for a job well done.