What is Fair Pay for Executives? An Information Theoretic Analysis of Wage Distributions
Venkat Venkatasubramanian
TL;DR
This paper investigates the concept of fair executive pay using an information theoretic approach to analyze wage distributions, aiming to clarify what constitutes fairness in high executive compensation.
Contribution
It introduces an information theoretic framework to quantitatively assess fairness in CEO pay distributions, offering a novel perspective on executive compensation analysis.
Findings
Provides a new metric for fairness in wage distributions
Highlights disparities in CEO pay relative to industry benchmarks
Suggests policy implications for equitable compensation
Abstract
The high pay packages of U.S. CEOs have raised serious concerns about what would constitute a fair pay.
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