Contact: Phil Ciciora
University of Illinois at Urbana-Champaign
Caption: Using compensation data from 290 chief executives at large US firms over an 11-year period, Taekjin Shin, a professor of labor and employment relations at Illinois, shows that firms that trumpet how much they value shareholders actually pay their CEOs more, regardless of the quality of their performance.
Credit: Photo courtesy School of Labor and Employment Relations
Usage Restrictions: None
Related news release: Study: Firms that purport to value shareholders pay CEOs more