How to Pay Your CEO

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Can we call it corruption?

In other words, the very firm that helps Verizon’s directors decide what to pay its executives has a long and lucrative relationship with the company, maintained at the behest of the executives whose pay it recommends.

No, we’ll call it corporate capitalism. The New York Times has a fantastic story today looking into the process by which corporations pay their CEOs. Arrangements like the above are hardly uncommon. And executive compensation often bears no relation to the actual performance of the company. Among other things, the story cites one study identifying 11 major companies “whose shareholder returns had been negative for five years, but whose chief executives’ pay had exceeded $15 million during the last two years combined.” Lucky them.

MORE: See this story for more. “The average pay for a chief executive increased 27 percent last year, to $11.3 million.” This at a time when median wages have stagnated.

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And right now, a longtime friend of Mother Jones has pledged an incredibly generous gift to inspire—and double—giving from online readers. That's huge! Because you can see that our fall fundraising drive is well behind the $325,000 we need to raise. So if you agree that in-depth, fiercely independent journalism matters right now, please support our work and help us raise the money it takes to keep Mother Jones charging hard. Your gift, and all online donations up $94,000 total, will be matched and go twice as far—but only until the November 9 deadline.

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