Tag: market capitalization
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Gabaix on CEO Pay
Greg Mankiw: Gabaix on CEO Pay Greg Mankiw has a post about economist Xavier Gabaix. He shows the following chart from the Wall Street Journal: Mankiw quotes Gabaix: The sixfold increase of CEO pay between 1980 and 2003 can be fully attributed to the six-fold increase in market capitalization of large US companies during that…