REUTERS: The compensation of U.S. CEOs rises sharply when their companies gain import restrictions against foreign competitors, according to a new research paper.
While much of the pay bump identified in the research comes in the form of added stock and options, it found salary and bonuses were also higher after the restrictions were implemented. “But I didn’t find any evidence of better performance at these firms,” said Blank in an interview with Reuters.His theory is that the CEOs become more powerful within their firms as result of successfully winning high-profile victories such as trade protection. “The firm, including members of the board determining compensation, might perceive that as a positive thing and reward the CEO for that,” he said.
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