Why Corporate CEO Pay is Routinely Undercounted

By Institute Staff

“AInstitute for New Economic Thinking Working Paper by William Lazonick and Matt Hopkins (PDF) has revealed that executive pay is routinely undercounted by media outlets, and even by critics of excessive executive pay such as the AFL-CIO. That’s because their calculation of those earnings is based on “fair value” estimates of the stock-based pay of these CEOs.”…

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