Chief executives of U.S. companies that sent the most service jobs overseas last year saw the greatest boost to their own paychecks, according to a study released last week by think tanks Institute for Policy Studies and United for a Fair Economy. Those CEOs got an average 46% raise, to $10.4 million, while CEO compensation at a broader swath of companies averaged a 9% jump, to $8.1 million, suggesting that CEOs personally benefit when companies hire cheaper workers abroad. "It's a flashy finding," says Paul Oyer, associate professor of economics at the Stanford Graduate School of Business. "But these are two...
To continue reading:
or
Log-In
