Chief executives in search of higher pay should aim to run large companies outside their home country, according to new research into European companies.

A survey by American consulting company, Towers Watson, has revealed CEOs of Japanese corporations receive compensation equal to about one-tenth of that paid to their U.S. counterparts.

Telling CEOs these days that leadership drives performance is a bit like saying that oxygen is necessary to breathe. Over 90% of CEOs are already planning to increase investment in leadership development because they see it as the single most important human-capital issue their organisations face. And they’re right to do so: earlier McKinsey research has consistently shown that good leadership is a critical part of organisational health, which is an important driver of shareholder returns.

How do you turn ambition into sustainable results? New CEOs and senior executives often take over with a mandate for change and a short window of opportunity. To create lasting results — and fundamentally improve the company’s performance — leaders often need to launch a transformation programme. A structured four-step process can help flip the odds in their favour.

Dan Price, CEO of Seattle-based payment processing company Gravity Payments, has taken the decision to introduce a new minimum wage of $70,000 (£47,000) for his employees, while reducing his own salary by 90 per cent. Why?  [...]

A new Wharton paper, "Status, Marriage and Managers' Attitudes to Risk" examines the role that marital status plays in the investment decisions of CEOs.