1. Why CEO Compensation Keeps Rising

    Why CEO Compensation Keeps Rising

    In 1965, America’s big companies had a hell of a year. The stock market was booming. Sales were rising briskly, profit margins were fat, and corporate profits as a percentage of G.D.P. were at an all-time high...

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    1. Relying on peer-group comparisons, the way boards do, mathematically guarantees that pay is going to go up.
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