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Congressional Probe of For-Profit CEO Pay

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July 30, 2012

The biggest factor in setting the pay levels of for-profit CEOs is corporate profitability, according to the preliminary findings of an investigation by Rep. Elijah E. Cummings, a Maryland Democrat. Cummings examined the compensation of executives at 13 publicly traded for-profits, asking for documentation on whether the companies linked executive pay to the performance of students. Only three companies provided specific references to how they weigh student achievement in setting compensation, according to a statement from Cummings.

Paul Fain

Paul Fain, Contributing Editor, came to Inside Higher Ed in September 2011, after a six-year stint covering leadership and finance for The Chronicle of Higher Education. Paul has also worked in higher ed P.R., with Widmeyer Communications, but couldn't stay away from reporting. A former staff writer for C-VILLE Weekly, a newspaper in Charlottesville, Va., Paul has written for The New York Times, Washington City Paper and Mother Jones. He's won a few journalism awards, including one for beat reporting from the Education Writers Association and the Dick Schaap Excellence in Sports Journalism Award. Paul got hooked on journalism while working too many hours at The Review, the student newspaper at the University of Delaware, where he earned a degree in political science in 1996. A native of Dayton, Ohio, and a long-suffering fan of the Cincinnati Bengals, Fain plays guitar in a band with more possible names than polished songs.