C.E.O.’s and the Pay-’Em-or-Lose-’Em Myth

"New research by Charles M. Elson, director of the John L. Weinberg Center for Corporate Governance at the University of Delaware, and Craig K. Ferrere, one of its Edgar S. Woolard fellows, begins by attacking this conventional wisdom. Mr. Elson and Mr. Ferrere conclude, contrary to the prevailing line, that chief executives can’t readily transfer their skills from one company to another. In other words, the argument that C.E.O.’s will leave if they aren’t compensated well, perhaps even lavishly, is bogus. Using the peer-group benchmark only pushes pay up and up."

 GRETCHEN MORGENSON

Richard Grasso of the N.Y.S.E.

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I say lose em

Pay attention to Gretchen Morgenson. She uses good sense and plain language and doesn't mince words. I really like her columns. 

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