facebook
twitter
rss
account
search
search
 

Study: More attractive CEOs paid more

April 30, 2010 at 1:58 AM   |   Comments

DURHAM, N.C., April 30 (UPI) -- U.S. researchers found chief executive officers who appear competent -- who look the part -- earn more money than less competent-looking CEOs.

Professors John Graham, Campbell Harvey and Manju Puri of Duke University's Fuqua School of Business paired photos of the chief executive officers of large and small companies with photos of non-executives with similar facial features, hairstyles and clothing. They asked 2,000 participants to assess photos of the same 100 CEOs and non-executives based on attractiveness, competence, trustworthiness and likeability.

"Other researchers have found links between beauty and workers' pay, and demonstrated that politicians benefit from good looks at election time," Graham said in a statement. "We wanted to see whether appearance also plays a role at the corporate executive level."

The study, published as National Bureau of Economic Research working paper number 1590, found the CEOs rated competent just by their appearance tended to have higher income of 7.5 percent.

"We are told that CEOs are very carefully vetted by boards of directors and professional consultants -- as they should be for their multimillion-dollar jobs," Harvey said. "The fact that our research shows that appearance is unquestionably significant turns my stomach."

The paper is at: http://ssrn.com/abstract=1571469.

Topics: John Graham
© 2010 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
Recommended UPI Stories
Featured UPI Collection
trending
2014: The Year in Music [PHOTOS]

2014: The Year in Music [PHOTOS]

Most Popular
1
Schizophrenia is actually eight disorders, not one disease Schizophrenia is actually eight disorders, not one disease
2
Male pattern baldness a sign of prostate cancer risk Male pattern baldness a sign of prostate cancer risk
3
Study: too many kids taking antibiotics Study: too many kids taking antibiotics
4
Morning exercise helps calm ADHD symptoms in children Morning exercise helps calm ADHD symptoms in children
5
CDC: painkiller overdose deaths still rising, but not as fast CDC: painkiller overdose deaths still rising, but not as fast
Trending News
Video
x
Feedback