Appeared on May 13, 2011
Elliot Schreiber, Ph.D., executive director of Drexel LeBow’s Center for Corporate Reputation, was recently quoted in a BBC Radio news story about the Sisters of St. Francis, a local group of nuns who invest with a conscientious and frown upon huge CEO bonuses. “Boards have to reward a CEO based on what is common within the industry and what is common within the company. So you look at a company like Goldman Sachs, and you have traders who can make $1 billion... there are many people within Goldman Sachs making more than [CEO] Lloyd Blankfein, I can guarantee you that,” Schreiber says.