Rachel Hayes and Scott Schaefer of the University of Utah have published CEO Pay and the Lake Wobegon Effect in the Journal of Financial Economics. The central tenet is that every CEO wants to be paid above average because that means the company is performing above average.
CEO Pay and the Lake Wobegon Effect
- April 1
- SEC Brings a Valuation Case Against an Investment Adviser
- A New Exception to the Custody Rule
- Weekend Reading: Argo
- Compliance Bricks and Mortar for March 27
- Failure to Disclose Loans Among Affiliated Funds
- Compliance Bricks and Mortar for March 20
- Drew Bowden Thinks Private Equity is a Great Business
- What Does the Regulatory Scheme for Financial Services Look Like?
- Happy St. Patrick’s Day
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Dodd-Frank’ed Real Estate
The Dodd-Frank law brought many real estate private equity firms into the world of the Investment Advisers Act. These are some key stories on the topic: