August 28, 2013 12:00 AM

High CEO pay doesn’t mean high performance, report says

Nearly 40 percent of the men who appeared on lists ranking America’s 25 highest-paid corporate leaders between 1993 and 2012 have led companies bailed out by U.S. taxpayers, been fired for poor performance or led companies charged with fraud-related activities. The title of the 2013 report from the Institute for Policy Studies reveals disappointment — “Bailed Out. Booted. Busted.”

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