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Six Degrees of Separation: Examining Back Door Links between Directors and CEO Pay
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******************************** Six Degrees of Separation: Examining Back Door Links between Directors and CEO Pay http://knowledge.wharton.upenn.edu/index.cfm?fa=viewfeature&id=1189 Yes, it pays to be friends of those who pay you, or even to be friends of their friends. That, roughly speaking, is the conclusion of a study analyzing the impact of director relationships on the compensation of chief executive officers. The study examined director connections as many as a dozen steps removed from each other among 22,074 directors at 3,114 companies. The sample is the largest ever examined for this purpose - to analyze the structure and influence of social networks. Wharton accounting professors David F. Larcker, Scott A. Richardson and Irem Tuna, and Andrew J. Seary, an expert at the School of Communication of Simon Fraser University in Burnaby, Canada, conducted the research and co-authored a paper entitled, "Back Door Links between Directors and Executive Compensation."
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