Are CEO Pay and Performance Linked?

Since the 1970s, CEO pay has risen dramatically in an effort to inspire a similar rise in performance. The evidence, however, suggests that pay and performance are only loosely linked, if at all.

Indispensable and Other Myths
Michael B. Dorff investigates the consequences of tying CEO pay and performance in "Indispensable and Other Myths," finding that very little empirical evidence supports the widespread belief that better performance is motivated by better pay.
Cover courtesy University of California Press