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[PEN-L:11219] Re: on CEO Pay



Yesterday, I mentioned an event study approach, looking at the
executives who get higher pay while their companies perform more poorly.

Today, I would like to take note of another perversity.  Now that
universities are becoming more like other corporations, university
presidents are commanding corporate-like salaries.  I challenge anyone
to find any marginal productivity in their performance.  At best, they
are marginally productive.
--
Michael Perelman
Economics Department
California State University
Chico, CA 95929

Tel. 916-898-5321
E-Mail michael@xxxxxxxxxxxxxxxxx


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