Afzali, Aaron; Oxelheim, Lars; Randøy, Trond; Vieito, … - 2023
-collected data on a sample of S&P 1500 companies from 2018-2022 and find a concave relationship between the relative CEO pay and … this tipping point as the point at which CEO pay exceeds the median worker's pay by a factor of 40. The average CEO … findings pave the way for corporate self-regulation of CEO pay to avoid politically imposed hard laws. …