Report: The 100 ‘Most Overpaid’ CEOs

More than one third of the largest companies in the country overpay their chief executives, according to one of the authors of a report that annually ranks executive compensation and reviews say-on-pay votes cast by mutual fund companies.

The “100 Most Overpaid CEOs” report, published annually by ESG investor advocacy group As You Sow, this year found that 30% of compensation committees are relying on earnings per share targets as the ruler by which to calculate pay, says Paul Herman, one of the authors. EPS can be massaged and doesn’t correlate to real performance, the report claims, which has led to out-of-whack CEO pay.