Topics

Lehman Brothers Holdings Inc.

Many highly paid CEOs end up as failures, report says

Many highly paid CEOs end up as failures, report says

Nearly 40% of the nation’s best-paid CEOs over the past two decades were either fired, forced to take government bailouts or in charge of companies that paid huge amounts in fraud-related claims. That’s the conclusion of a report Wednesday that attempts to gauge the link between weak corporate performance and skyrocketing executive pay. The study, “Executive Excess 2013: Bailed Out, Booted, Busted,” was issued by the liberal Institute for Policy Studies in Washington. It's the latest in a years-long line of reports by the IPS and other groups charting alleged abuses in executive pay. Among other factoids, it cites an AFL-CIO study showing that the pay gap...

Loading