For Immediate Release: June 13, 2018
Washington, D.C. — In March, the Economic Policy Institute and the Center for Economic and Policy Research published an analysis showing that CEO pay primarily reflects a broken corporate governance system in which CEO pay has little connection to performance.
Recently, Boston University Law Professor David Walker pointed out that we may not have used the best measure of CEO compensation in our analysis. We redid the analysis using the data Walker suggested. Even using a different measure of CEO compensation, the data show there’s no relation between performance and CEO pay.