Making Sense of Evidence, Markets, and Business
This blog explains how to think more clearly, invest more wisely, and build better businesses – drawing on rigorous academic research, and making it accessible to a general audience.
Simplicity, Transparency, and Sustainability: A New Model For CEO Pay
How did BP CEO Bob Dudley get paid £14m in 2015, despite the stock price falling by over 15%? Because of a ...
Blockchains: How they work, and how they may transform the world
We hear blockchains mentioned all the time, but very few people know what they actually are, how they work, and ...
The returns to investing in grass-roots sport and the distraction of Olympic medals
"Unless we look more creatively about how we engage everyone in physical activity, we may win medals but we will ...
Why has CEO pay risen so much faster than worker pay?
Arguably the most convincing "smoking gun" evidence that CEO pay is excessive is how it's risen much faster than ...
Long-Term Executive Incentives Improve Innovation and Corporate Responsibility
Executive compensation needs to be reformed. But, most of the calls for reform focus on the wrong dimensions. They ...
Why the MSCI Study Does NOT Show That Equity Incentives Backfire
MSCI have released an impactful study entitled "Are CEOs Paid for Performance? Evaluating the Effectiveness of ...
Translating the New USS Pension Rules Into Plain English
Andy Haldane, the Chief Economist of the Bank of England, said that pensions are so complex that even someone ...
How Virtually Every Pay Regulation Has Backfired
Few topics make the public as angry as CEO pay. In the UK, the average FTSE 100 CEO earned £5.4m in 2015, 148 ...
Eight Common Myths About CEO Pay
Few business topics capture the public’s interest – and ire – as CEO pay. Indeed, a major reason why executives ...
The Rational Response to Brexit
The Brexit vote was disappointing, for the reasons I wrote about in my earlier post. But, what's done can't be ...
The Case for Remain
Today is perhaps the biggest decision the UK will ever face. Under 18s will be most affected by this decision but ...
Size Matters, If You Control Your Junk
The first stock market trading strategy ever discovered was the size anomaly. Banz (1981) found that small stocks ...
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