Marketplace, August 28, 2013, Wednesday

Marketplace

August 28, 2013, Wednesday

Marketplace (full article)

How much will Microsoft pay its next CEO?

Last year, says Bowie, the median level of CEO pay at large corporations like Apple, Exxon Mobil, and Hewlett Packard, was just over $22 million. And, it’s those big numbers for top executives which are increasingly evoking dissatisfaction among the rank and file. But Kevin Hallock, chair of the economics department at Cornell,  notes the risk can be worth it.

“Well, it must be,” he says, “because they keep doing it.”