Or, why having a powerful advisory board is so important to keep your leadership team in check BY Juliette Willow 25 Jun 2014 Share Wat ch how much your CEOs are getting compensated: if it seems excessive, it could well be affecting firm performance, according to an analysis of more than 300 publicly traded firms by the University of Delaware. When CEOs had compensation that was significantly higher than the next most highly paid executive, or when they were paid significantly more than other firms of a similar size and risk, performance and dividends tended to be lower than average. You might also like: How many CEOs is too many? However, the effect of CEO self-interest was mitigated by powerful company boards, said study author Katalin Haynes. "Some CEOs appear to direct more of the firm's resources toward themselves than others and this can occur more when managers have a lot of discretion or have a short tenure, or if the board is weak," said Haynes. "Interestingly, we found that the negative effects of executive greed on shareholder wealth decrease as CEOs experience more time in their role." You might also like: A CEO's confession to staff: 'You'll earn more somewhere else' According to Equilar, the highest paid CEOs in publicly traded American firms are: Charif Souki, Cheniere Energy, $141,949,280 Mario Gabelli, GAMCO Investors, $85,049,800 Lawrence Ellison, Oracle, $78,440,657 Leslie Moonves, CBS, $65,589,245 W Nicholas Howley, TransDigm Group, $64,214,656 Don Mattrick, Zynga, $57,814,391 Richard Adkerson, Freeport-McMoRan Copper & Gold, $55,260,539 Jeffrey Weiner, LinkedIn, $49,071,364 Stephen Kaufer, TripAdvisor, $39,014,227 Phillipe Dauman, Viacom, $37,186,099 You might also like: Chinese executives get highest severance benefits You've reached your limit - Register for free now for unlimited access To read the full story, just register for free now - GET STARTED HERE Already subscribed? Log in below LOGIN Remember me Forgot password?