Daily Adams

Corporatism benefits the very few

“We do, however, find a robust and significant positive relationship between political activity and executive compensation,” the economists state. “Therefore, while industry and firm-level performance are not robustly related to ‘cronyism,’ executive compensation is — suggesting that any benefits gained from corporate political activity are largely captured by firm executives.”

Via Study: Only executives get richer in crony capitalism @ Watchdog.org.

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