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
- Weekend Reading: Boys in the Boat
- Happy Holidays From Compliance Building
- Train Fares, Integrity, and Financial Services
- Real Estate Crowdfunding
- Compliance Bricks and Mortar for December 12
- SEC Demanding Audited Financial Statements for Funds’ REIT Subsidiaries
- Miscounting Residents as Securities Fraud
- Compliance Bricks and Mortar for December 5
- Failure to Register with the SEC as an Investment Adviser
- Stealing From Investors Through Fraudulent Expenses
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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: