CEO Pay and Performance Often Don’t Match Up

The S&P 500 CEOs who received the biggest pay increases scored middling shareholder returns

The best-paid CEOs don’t necessarily run the best-performing companies.

Corporate boards have tried for years to tie chief executive compensation to the results they deliver. The better the company and its shareholders do, the more the top boss should be paid, or so the pay-for-performance mantra goes. In reality, CEO pay and performance often don’t match up, and 2017 was no exception.

Among...