CEOs are dumb when it comes to this
by Simon Constable
Just because you run a large and sophisticated public corporation doesnâ€™t mean you canâ€™t be played for a fool when it comes to executive pay.
Itâ€™s hard not to draw such a conclusion after reading a recently published study of CEO pay which cited extreme naivetÃ©, confusion and knee-jerk decision-making.
Lucy Marcus, CEO of Marcus Venture Consulting, and an expert in corporate governance, puts her finger on it: â€œMy question is why do you [the CEO] use common sense in everything else but throw that out of the window when it comes to your pay?â€
â€œThis is not right, the only way around it is to bring real transparency to it so everyone knows whatâ€™s going on,â€ says Marcus.