VANCOUVER—Top business leaders—like top athletes, musicians and actors—receive high levels of compensation because they are in high demand around the world and not easily replaced, finds a new study released today by the Fraser Institute, an independent, non-partisan Canadian public policy think-tank.
“Top performers in any industry, be it sports, music, the movies or the global business community, are compensated at historically high levels because they are in high demand globally, there are limited substitutes and they’re highly mobile, making it fierce competition for the very best,” said Jason Clemens, Fraser Institute executive vice-president and co-author of CEO to Worker Pay: Global Competition for Top Talent.