A Classification of American Wealth
History and genealogy of the wealthy families of America - Sponsors


 Part 1 : Colonial and Mercantile America  Part 2 : America in the Gilded Age
 Part 2 : America in the Twentieth Century  Encyclopedia of American Wealth

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  Part III - Chapter 18 : CEOs  > Why CEOs are overpaid  :     Previous    1 - 2 - 3 - 4 - 5 - 6 - 7 - 8  Next

   Why CEOs are overpaid    

Page entitled : Why excessive CEO compensation is bad

Content of this page is about :
How overpaid CEOs tend to make their companies take higher risks and increasingly use fraudulent means to reach their objectives.


Extract :
... shown by the cases of Enron, WorldCom, Tyco and more recently AIG, Bear Stearns and Lehman Brothers, excessive risk taking and decaying morality unrelentingly leads to corporate fraud and failure. In our highly leveraged global economy, the failure of one large corporation can be enough to spell doom on the rest of the world. Accounting fraud, insider trading and  ...

 

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