Hedge Fund versus CEO Pay

There are many interesting descriptive statistics in this paper by Steven Kaplan and Joshua Rauh, including:

Since 2004, the 25 highest paid hedge fund managers have earned more than all of the chief executive officers of the Standard and Poor’s 500 companies combined.

HT: Greg Mankiw

Advertisements

About ozidar

I'm an Assistant Professor of Economics at the University of Chicago Booth School of Business and a Faculty Research Fellow at National Bureau of Economic Research. You can follow me on twitter @omzidar. http://faculty.chicagobooth.edu/owen.zidar/index.html
This entry was posted in Uncategorized and tagged , , , , , , , , , . Bookmark the permalink.

One Response to Hedge Fund versus CEO Pay

  1. Mark O'Friel says:

    The growth of hedge fund pay has been a driver of CEO pay. Hedge funds began to flourish in the early 1990’s. The CEO’s looked on hedge funds with envy, saying “all those young guys do is trade paper, I run a company”. CEO’s got together with boards, consultants and more important LBO private equity companies to figure out how they could, by hook or by crook, raise their compensation and lower their taxes.
    The CEO’s failed in one way by not keeping up with the hedge funds, but succeeded in raising their salary and benefits by multiple times.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s