HierarchyCEO PayHierarchical DespotismHierarchical PowerHierarchy Model Of IncomeEconomics and Business
Published
Author Blair Fix
Does hierarchy mediate the growth of top incomes?
Does hierarchy mediate the growth of top incomes?
In 1957, Herbert Simon proposed that CEO pay had a simple explanation: it stemmed largely from rank in a hierarchy. His model was largely forgotton. Here’s a second look.