Here’s the Secret of Being a Highly-Paid CEO: Have a Friend Set Your Salary

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What’s the secret to being a highly-paid CEO of a Fortune 500 company? Sales growth? Earnings growth? Impressive return to shareholders? Visionary leadership?

According to a new study from Institutional Shareholder Services the real key is simpler: set your own pay. Or better yet, have a friend set it. According to ISS, in companies that have an insider as chairman of the board, CEOs earned a little over $15 million during the past three years. But in companies with an independent outsider as chairman, CEOs made only $11 million.

Did anything else matter? Revenue did: bigger companies pay their CEOs more. But that was it. Shareholder return was insignificant, as were several other variables. Bottom line: if you want a big payday, run a big company and make sure an insider is setting your pay.

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Reclaiming power from those who abuse it often starts with telling the truth. And in "This Is How Authoritarians Get Defeated," MoJo's Monika Bauerlein unpacks six truths to remember during the homestretch of an election where democracy, truth, and decency are on the line.

Truth #1: The chaos is the point.

Truth #2: Team Reality is bigger than it seems.

Truth #3: Facebook owns this.

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Truth #5: It's about minority rule.

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SIX TRUTHS

Reclaiming power from those who abuse it often starts with telling the truth. And in "This Is How Authoritarians Get Defeated," MoJo's Monika Bauerlein unpacks six truths to remember during the homestretch of an election where democracy, truth, and decency are on the line.

Truth #1: The chaos is the point.

Truth #2: Team Reality is bigger than it seems.

Truth #3: Facebook owns this.

Truth #4: When we go to work, we're in the fight.

Truth #5: It's about minority rule.

Truth #6: The only thing that can save us is…us.

Please take a moment to see how all these truths add up, because what happens in the weeks and months ahead will reverberate for at least a generation and we better be prepared.

And if you think journalism like Mother Jones'—that calls it like it is, that will never acquiesce to power, that looks where others don't—can help guide us through this historic, high-stakes moment, and you're able to right now, please help us reach our $350,000 goal by October 31 with a donation today. It's all hands on deck for democracy.

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