Chris has already posted a solution. Kudou to him :)
Thanks Chris for you post!
Have just posted question about the same issue - a more precise subject line would have saved me. But I appreciate your post none the less :)
Interesting though. I would hesitate to link the logo to browser version of the email, as most users would expect that the logo links to your website. But I am all ears if somebody got data on it.
Thanks for sharing your insight and experience Charles. We are just about to redesign our wide range of email templates and will challenge my team this time if 'View in browser' could live somewhere else than in the top - or should be included at all. I think at least some testing should be done, before you discourage the idea of deleting it.
This is a great question and I don't think we all can agree on one solution is better than another. As some already have said there is a lot of variable to which extend the fold exist or not.
One thing we have tested is that CTR is usually a little bit higher when we link the hero image and makes it looks like something you can click. That being said, I agree that it might not always be the right solution every time. If more than one short paragraph is needed to facilitate a CT, I could easily argue that a CTA 'above the fold' would not result in a higher conversion rate.