Custódio, Cláudia; Ferreira, Miguel A.; Matos, Pedro - In: Journal of Financial Economics 108 (2013) 2, pp. 471-492
We show that pay is higher for chief executive officers (CEOs) with general managerial skills gathered during lifetime work experience. We use CEOs' résumés of Standard and Poor's 1,500 firms from 1993 through 2007 to construct an index of general skills that are transferable across firms and...
