'Overpaid' CEOs a risk for investors, study finds

BOSTON, Feb 13 (Reuters) - Executive pay that is disproportionate to a company's past performance may also signal that poor returns are coming, according to a study set for release on Monday by shareholder activist group As You Sow.

The Oakland, California nonprofit found the average returns for the 100 S&P 500 companies it had previously identified as having the most questionable pay went on to underperform the index by 2.9 percentage points over a roughly two-year period ended on Jan. 31.

As You Sow flagged as "overpaid" a number of chief executive officers known for high compensation despite the mixed performance of their companies' shares over the period.

For example, http://webcenters.netscape.compuserve.com/news/story/0002/20170213/...