Imagine you're the Minister for Education, deciding how large to make a school district. Larger school districts offer parents more school choice. You
CEOs Cut Investment To Sell Their Own Shares At High Prices
One of the most fundamental concerns with corporations is that they focus on short-term profit rather than investing for the long-term. This is a
House of Commons Report on Corporate Governance
Today the House of Commons Select Committee on Business, Energy, and Industrial Strategy (BEIS) published its report on corporate governance, after
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 complex, opaque pay scheme known as a
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 median worker pay. In the U.S., CEO
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 focus on the level of pay, or the
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 Equity Incentives", purporting to show
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 times the median worker. For US S&P
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 carried little weight in the Brexit