Marianne Bertrand | Luck and CEO pay
How luck, performance, stockholding and a rise in shareholder wealth influence CEO compensation
NEW DELHI :
Early this year, Philadelphia, US, headquartered management consultancy Hay Group released the findings of a study on Indian chief executive officers’ (CEOs’) pay. According to the study, CEOs in India make up to 78 times the salary of an entry-level professional and a large portion of it is guaranteed pay; that is, it is not performance-linked.