Tag Archives: CEO

Learning about CEO Ability

From Yihui Pan, Tracy Yue Wang, and Michael Weisbach: When there is uncertainty about a CEO’s quality, news about the firm causes rational investors to update their expectation of the firm’s value for two reasons: Updates occur because of the direct effect of … Continue reading

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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 … Continue reading

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