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Professor Featured in Atlanta Business Chronicle
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Assistant Professor
Marcus Caylor (who will begin teaching at the Moore School
this fall) was recently featured in an article in the Atlanta Business Chronicle about a study of
gaps between CEO pay and long-term performance at 11 large corporations. The study, titled "Pay for
Failure," found that compensation committees "authorized $865 million in pay to CEOs who presided
over an aggregate loss of $640 billion in shareholder value..." The study was compiled by the
Portland, Maine-based The Corporate Library, which examines corporate governance, performance, and
compensation information on U.S. companies.
Caylor says one shortcoming of the report is that it downplays short-term performance. Caylor is coauthor of two studies examining the relationship between corporate governance and firm value and operating performance.
"'If you look at what a CEO does, it affects both short-term and long-term performance, and this study seems to indicate that long-term performance is their only responsibility,'" Caylor says in the Chronicle.
Caylor says one shortcoming of the report is that it downplays short-term performance. Caylor is coauthor of two studies examining the relationship between corporate governance and firm value and operating performance.
"'If you look at what a CEO does, it affects both short-term and long-term performance, and this study seems to indicate that long-term performance is their only responsibility,'" Caylor says in the Chronicle.