# Prof. Xavier Gabaix's research on executive pay is highlighted

1 Faculty News April 20, 2015 ![The New Yorker logo](/sites/default/files/styles/246w/public/assets/images/con_032750.jpg?itok=hERliZMl)>

Excerpt from [The New Yorker](http://www.newyorker.com/magazine/2015/04/20/why-c-e-o-pay-reform-failed) -- "Indeed, a major study by the economists [Xavier Gabaix](http://www.stern.nyu.edu/faculty/bio/xavier-gabaix) and Augustin Landier, who happen to believe that current compensation levels are economically efficient, found that if the company with the two-hundred-and-fiftieth-most-talented C.E.O. suddenly managed to hire the most talented C.E.O. its value would increase by a mere 0.016 per cent."

[Read more ](http://www.newyorker.com/magazine/2015/04/20/why-c-e-o-pay-reform-failed)

Additional coverage appeared on [Forbes](http://www.forbes.com/sites/stevedenning/2015/05/17/vampire-ceos-continue-to-suck-blood/).