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Forensic Accounting, Forensic Techniques, and Fraud Detection Copyrighted 2001 D. Larry Crumbley, ... - page 170 / 352

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© D.L. Crumbley

Lavish Executive Pay

Many of the companies indicted by the SEC after Enron had one thing in common: CEOs were making about 75% above their peers.

The common thread among the companies with the worst corporate governance is richly compensated top executives, as per the Corporate Library, Portland, Maine governance-research firm. Hefty pay checks and perks to current or former chief executives.

Poor BODs have in common: an inability to say no to current or former chief executives.

Source: Monica Langley, “Big Companies Get Low Marks for Lavish Executive Pay,” Wall Street J., June 9, 2003, p. C-1.

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