Professor Bank Cited in L.A. Times on Why Company Founders Make Less than Other CEOs

July 4, 2016 – Professor Steven Bank was cited in the Los Angeles Times on why founder Chief Executive Officers, such as Facebook's Mark Zuckerberg, make less money than other CEOs.

Professor Bank pointed out that although not universally true, founders typically make less money than other CEOs often because more pay wouldn’t be much of an incentive. 

"Take Zuckerberg: Forbes estimates his net worth, consisting largely of his massive holdings in Facebook Inc. stock, tops $47 billion. Because he’s already immensely wealthy, and because so much of that wealth is tied up in Facebook stock, the company doesn’t need to pay him much," said Professor Bank.

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