In defence of high CEO pay
12 January 2024
SUGGESTED
Economics
In the Media
Economic Theory
11 November 2024
Len Shackleton writes in The Times
IEA Editorial and Research Fellow Professor Len Shackleton has written in The Times outlining the justification for high CEO pay.
Len wrote:
“Executives responsible for large companies, employing tens of thousands of people, need skills and experience — in finance, marketing, technology and managing people — which can only be acquired through years of hard graft.
“They operate in a highly competitive global talent market: about 40 per cent of the FTSE 100 chief executives are foreign citizens. They often have highly pressurised, 24/7 lives and travel constantly, seeing families infrequently.
“High pay is typically linked to performance and bosses are constantly under pressure to boost the bottom line.”
Read the full piece here.
Len wrote:
“Executives responsible for large companies, employing tens of thousands of people, need skills and experience — in finance, marketing, technology and managing people — which can only be acquired through years of hard graft.
“They operate in a highly competitive global talent market: about 40 per cent of the FTSE 100 chief executives are foreign citizens. They often have highly pressurised, 24/7 lives and travel constantly, seeing families infrequently.
“High pay is typically linked to performance and bosses are constantly under pressure to boost the bottom line.”
Read the full piece here.
SHARE
