Head-hunters and high pay: part of the problem or part of the solution?
Tuesday 15 March 2016
High Pay Centre
32-36 Loman Street
London SE1 0EH
Head-hunters play a significant role in the appointment of CEOs to major firms. This event will hear from Max Steuer (LSE), whose recent research addresses the methods of head-hunters in selecting CEOs and their influence on executive remuneration. Based on extensive interviews with executive search firms, Steuer finds that head-hunters’ selection processes focus on “career path, references and fitting in” over CEO performance (in previous roles or after appointment); and that furthermore an arbitrary norm has a strong influence on determining executive pay. Steuer will be joined by respondents representing head-hunters to debate whether head-hunters are aiding and abetting excessive CEO pay, and what they could be doing to tackle the pay gaps at the top.
Max Steuer is a founding member of the Centre for Philosophy of Natural and Social Science at the London School of Economics. He currently is Reader Emeritus and joined the Economics Department at the LSE in 1959. He is the editor of the LSE Philosopher Papers Series. His publications include Mathematical Sociology (with Janet Holland), The Impact of Foreign Direct Investment on the United Kingdom (Steuer et.al.) and The Scientific Study of Society.
This event is free and open to the public, but RSVPs are essential. A sandwich lunch will be provided. Please email firstname.lastname@example.org to reserve your place.
Since 1 January 2017 the average FTSE 100 CEO has earned:
Income inequality in the UK
Wealth inequality in the UK
- Reality Bites - average FTSE100 CEO pay package down 17% on previous year
Political pressure, public disapproval and campaigning all combined to restrain pay at the top in 2016. But what next?
- CIPD/High Pay Centre survey of FTSE100 CEO pay packages 2016
Our joint annual survey of the state of top pay in the FTSE100
- A government which has lost its purpose
High Pay Centre response to the Queen’s Speech – 21 June 2017