Top Executive Compensation in 2002
Author | : Charles Peck |
Publisher | : |
Total Pages | : |
Release | : 2003 |
Genre | : Executives |
ISBN | : 9780823708123 |
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Author | : Charles Peck |
Publisher | : |
Total Pages | : |
Release | : 2003 |
Genre | : Executives |
ISBN | : 9780823708123 |
Author | : Lucian A. Bebchuk |
Publisher | : Harvard University Press |
Total Pages | : 308 |
Release | : 2004 |
Genre | : Business & Economics |
ISBN | : 9780674020634 |
The company is under-performing, its share price is trailing, and the CEO gets...a multi-million-dollar raise. This story is familiar, for good reason: as this book clearly demonstrates, structural flaws in corporate governance have produced widespread distortions in executive pay. Pay without Performance presents a disconcerting portrait of managers' influence over their own pay--and of a governance system that must fundamentally change if firms are to be managed in the interest of shareholders. Lucian Bebchuk and Jesse Fried demonstrate that corporate boards have persistently failed to negotiate at arm's length with the executives they are meant to oversee. They give a richly detailed account of how pay practices--from option plans to retirement benefits--have decoupled compensation from performance and have camouflaged both the amount and performance-insensitivity of pay. Executives' unwonted influence over their compensation has hurt shareholders by increasing pay levels and, even more importantly, by leading to practices that dilute and distort managers' incentives. This book identifies basic problems with our current reliance on boards as guardians of shareholder interests. And the solution, the authors argue, is not merely to make these boards more independent of executives as recent reforms attempt to do. Rather, boards should also be made more dependent on shareholders by eliminating the arrangements that entrench directors and insulate them from their shareholders. A powerful critique of executive compensation and corporate governance, Pay without Performance points the way to restoring corporate integrity and improving corporate performance.
Author | : Lukas Hengartner |
Publisher | : Springer Science & Business Media |
Total Pages | : 224 |
Release | : 2007-12-31 |
Genre | : Business & Economics |
ISBN | : 3835093916 |
Lukas Hengartner shows that both firm complexity and managerial power are associated with higher pay levels. This suggests that top managers are paid for the complexity of their job and that more powerful top managers receive pay in excess of the level that would be optimal for shareholders.
Author | : Steven Balsam |
Publisher | : Academic Press |
Total Pages | : 410 |
Release | : 2002 |
Genre | : Business & Economics |
ISBN | : 9780120771264 |
General readers have no idea why people should care about what executives are paid and why they are paid the way they are. That's the reason that The Wall Street Journal, Fortune, Forbes, and other popular and practitioner publications have regular coverage on them. This book not only proposes a reason - executives need incentives in order to maximize firm value (economists call this agency theory) - it also describes the nature and design of executive compensation practices. Those incentives can take the form of benefits (salary, stock options), or prerquisites (reflecting the status of the executive within the organizational culture.
Author | : Frederick D. Lipman |
Publisher | : John Wiley & Sons |
Total Pages | : 336 |
Release | : 2008-06-27 |
Genre | : Business & Economics |
ISBN | : 9780470283035 |
Executive Compensation Best Practices demystifies the topic of executive compensation, with a hands-on guide providing comprehensive compensation guidance for all members of the board. Essential reading for board members, CEOs, and senior human resources leaders from companies of every size, this book is the most authoritative reference on executive compensation.
Author | : Harland Fox |
Publisher | : |
Total Pages | : 79 |
Release | : 1985 |
Genre | : Executives |
ISBN | : 9780823703166 |
Author | : Bruce R. Ellig |
Publisher | : McGraw Hill Professional |
Total Pages | : 624 |
Release | : 2001-11-22 |
Genre | : Business & Economics |
ISBN | : 9780071399722 |
Strategies for gaining a powerful edge in the executive talent wars The competition for executive talent is fierce, making it imperative that executive compensation programs become an integral part of every company's strategic business plan. The Complete Guide to Executive Compensation provides in-depth coverage of current issues and trends in designing and administering executive compensation packages that are strategically, economically, and culturally sound. Renowned compensation and benefit expert Bruce Ellig begins by providing guidance for board members and company executives on defining a company's organization, culture, and business strategy, in order to establish a framework for executive compensation. He then discusses the often difficultbut essentialissues within that framework, including: Pay positioningrelative to the competitive environment Risk profilethe mix of salary, incentive compensation, and benefits Leveragethe relationship between incentive plan payouts and performance Timingthe mix of short- versus long-term incentive programs Incentive plan designobjectives, performance measures, and participation
Author | : Michael S. Sirkin |
Publisher | : Law Journal Press |
Total Pages | : 966 |
Release | : 2023-09-28 |
Genre | : Business & Economics |
ISBN | : 9781588520715 |
Executive Compensation is an invaluable legal guide through the maze of rules, regulations and practices that govern corporate financial compensation for executive employees.