CEOs are dumb when it comes to this

by Simon Constable

Just because you run a large and sophisticated public corporation doesn’t mean you can’t be played for a fool when it comes to executive pay.

It’s hard not to draw such a conclusion after reading a recently published study of CEO pay which cited extreme naiveté, confusion and knee-jerk decision-making.

…….
Lucy Marcus, CEO of Marcus Venture Consulting, and an expert in corporate governance, puts her finger on it: “My 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?”
…….

“This is not right, the only way around it is to bring real transparency to it so everyone knows what’s going on,” says Marcus.

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Date

21 August 2014

Organisation

MarketWatch

CEOs are dumb when it comes to this

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