<ul><li>A recent study from Virginia Tech researcher found that CEO compensation has become 24% more similar at public firms since 2006, affecting company performance.</li><li>Boards face pressure to conform in CEO pay, risking flexibility and shareholder value as they mimic pay structures of peers.</li><li>Transparency in pay data has led to more benchmarking against peers, diluting the connection between pay and performance.</li><li>Standardization in pay structures is linked to lower firm performance, with companies like PayPal and Cigna tying executive compensation to various factors including peer comparisons and customer satisfaction.</li></ul>

As corporate boards pay CEOs similarly, company performance could take a hit, report finds

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