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You might enjoy reading the book "Pay without Performance: The Unfulfilled Promise of Executive Compensation" [1] TLDR: Companies don't engage in arms-length n
by michaelt 5y ago
You might enjoy reading the book "Pay without Performance: The Unfulfilled Promise of Executive Compensation" [1]
TLDR: Companies don't engage in arms-length negotiation with CEOs. Shareholders don't hold companies to account for various structural reasons.
[1] http://www.pay-without-performance.com/ http://www.pay-without-performance.com/