pdf of study: https://www.msci.com/documents/10199/91a7f92b-d4ba-4d29-ae5f-8022f9bb944d

article http://www.independent.co.uk/news/world/americas/highest-paid-ceos-worst-performing-companies-research-a7156486.html

"Ric Marshall, a senior corporate governance researcher at MSCI, said in a statement: “The highest paid had the worst performance by a significant margin. It just argues for the equity portion of CEO pay to be more conservative.”

“Whether you look at the entire group or adjust by market-cap and sector, you really get very similar results.”"

rest at http://www.independent.co.uk/news/world/americas/highest-paid-ceos-worst-performing-companies-research-a7156486.html

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