The highest-paid CEOs tend to run some of the worst-performing companies, according to new research.
The study, carried out by corporate research firm MSCI, found that for every $100 (£76) invested in companies with the highest-paid CEOs would have grown to 265 (£202) over 10 years.
But the same amount invested in the companies with the lowest-paid CEOs would have grown to 367 (£279) over a decade.