US Execs Admit They Are Overpaid

03/28/2008 02:45 am ET | Updated May 25, 2011
  • Francesco Guerrera Financial Times

Most US corporate leaders believe chief executives are overpaid and do not provide value for money for their com­panies, according to a study that will embolden critics of excessive compensation.

The findings - to be published today by the National Association of Corporate Directors - are likely to strengthen calls by investors and politicians, including George W. Bush, US president, for restraint on executive pay at a time of growing income inequality in the US.

Top executives' criticism of their peers' compensation levels could also encourage activist investors and hedge funds to target underperforming companies with highly-paid leaders at shareholder meetings.

Four out of six chief executives or company presidents polled by the NACD in July and August said the compensation of top executives was high relative to their performance.

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