Since New York mandated new executive compensation rules in 2013, the state’s nonprofit CEOs have been getting paid less than expected while working more.
The evidence suggests the impact of CEOs on company performance isn’t enough to justify their sky-high pay, which is really based more on a culture of power and privilege.
High CEO compensation angers the public, particularly when it doesn’t seemed tied to performance. But as a whole, trends in executive compensation are consistent with fundamental economic forces.