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Highest-paid CEOs are the worst Performers

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The highest-paid CEOs are the worst performers, a new study says. Across the board, the more CEOs get paid, the worse their companies do over the next three years, according to extensive new research.

This is true whether they’re CEOs at the highest end of the pay spectrum or the lowest. 'The more CEOs are paid, the worse the firm does over the next three years, as far as stock performance and even accounting performance,' says one of the authors of the study, Michael Cooper of the University of Utah’s David Eccles School of Business …

The paper also found that the longer CEOs were at the helm, the more pronounced was their firms’ poor performance. Cooper says this is because those CEOs are able to appoint more allies to their boards, and those board members are likely to go along with the bosses’ bad decisions …

Read the full article at Forbes.com

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