December 26, 2017
How Investors Can Identify Companies for Excessive Pay Engagement
– Broc Romanek
In this article, Stephen O’Bryne shares four analyses that can be part of an institutional investor’s toolkit:
1. Measuring realizable pay
2. Calculating market rates and estimating the expected future value of market pay to express realizable pay as a “market pay multiple”
3. Calculating “industry betas” and relative TSR adjusted for industry beta
4. Calculating pay leverage