Are Peer Group Comparisons Driving Rise in Comp?
A new study by Charles M. Elson and Craig K. Ferrere of the Weinberg Center for Corporate Governance at the University of Deleware concluds that peer group comparisons are the driving force behind the rise in CEO compensation. This is a subject of many discussions in the field of executive compensation, and this study has sparked a lot of interest as this is one of the first times that we have seen an actual study done. With Dodd-Frank and the SEC scheduling to have clarification of the remaining mandates released in the near future studies such as this could play a big part in things to come in the world of compensation.
Here is a link to the press release.