Pray Your CEO Earns What Others Do
We all (or most) may resent the amount of money our CEOs are paid. But here's a reason to hope yours is as well-compensated at his peers. Tunrs out CEO's who are not paid as well as their peers are more likely to engage in layoffs, according to newswise.com. CEOs who are paid less than their peers are four times more likely to engage in layoffs, says research led by faculty at Binghamton University, State University of New York. Scott Bentley, an assistant professor of strategy at Binghamton University’s School of Management, worked on the research as a PhD student at Rutgers University. He and fellow researchers Rebecca Kehoe and Ingrid Fulmer, both associate professors at the Rutgers School of Management and Labor Relations, sought to find out if CEO pay was related to layoff announcements made by CEOs. “In terms of strategic decisions that a CEO can make that could lead to higher pay, layoffs are one of the easiest to do,” says Scott Bentley, an assistant ...