1. What a Nobel Prize-Winning Economist has to say about CEO Bonuses

    What a Nobel Prize-Winning Economist has to say about CEO Bonuses

    Are CEO bonuses too high? Just ask an economist. On Monday, Oliver Hart, a professor at Harvard, and Bengt Holmstrom, a professor at the Massachusetts Institute of Technology, were awarded the Nobel Prize in economics for their research on contracts, in which they have examined everything from insurance contracts to employee-employer contracts. One of the most talked-about contracts topics: chief executive compensation contracts...

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    1. It is not a coincidence that the Dow Jones industrial average (DJIA), which stood at 5,000 in 1996, is now well above 13,000, Myths and Realities of Executive Pay, which was released in 2007.
    2. There is a clear sense among the American public that CEOs are taking home much more in compensation than they deserve.
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