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Author : United States. Congress. Senate. Committee on Governmental Affairs. Subcommittee on Oversight of Government Management
Publisher : Unknown
Page : 196 pages
File Size : 45,7 Mb
Release : 1992
Category : Business & Economics
ISBN : STANFORD:36105063207257
Author : Lucian Bebchuk,Jesse Fried
Publisher : Unknown
Page : 312 pages
File Size : 55,9 Mb
Release : 2004-11-22
Category : Business & Economics
ISBN : UOM:39015060074591
A powerful critique of executive compensation and corporate governance, "Pay Without Performance" points the way to restoring corporate integrity and improving corporate performance.
Author : Steven Balsam
Publisher : Academic Press
Page : 410 pages
File Size : 45,9 Mb
Release : 2002
Category : Business & Economics
ISBN : 0120771268
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,Steven E. Hall
Publisher : John Wiley & Sons
Page : 336 pages
File Size : 50,6 Mb
Release : 2008-06-27
Category : Business & Economics
ISBN : 0470283033
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 : United States. Congress. Senate. Committee on Governmental Affairs. Subcommittee on Oversight of Government Management
Publisher : Unknown
Page : 196 pages
File Size : 41,9 Mb
Release : 1992
Category : Business & Economics
ISBN : PSU:000019818344
Author : Jennifer Carpenter,D. Yermack
Publisher : Springer Science & Business Media
Page : 159 pages
File Size : 46,7 Mb
Release : 2013-04-17
Category : Business & Economics
ISBN : 9781475751925
Executive compensation has gained widespread public attention in recent years, with the pay of top U.S. executives reaching unprecedented levels compared either with past levels, with the remuneration of top executives in other countries, or with the wages and salaries of typical employees. The extraordinary levels of executive compensation have been achieved at a time when U.S. public companies have realized substantial gains in stock market value. Many have cited this as evidence that U.S. executive compensation works well, rewarding managers who make difficult decisions that lead to higher shareholder values, while others have argued that the overly generous salaries and benefits bear little relation to company performance. Recent conceptual and empirical research permits for the first time a truly rigorous debate on these and related issues, which is the subject of this volume.
Author : John S. Beasley
Publisher : Edward Elgar Publishing
Page : 553 pages
File Size : 54,9 Mb
Release : 2012-01-01
Category : Business & Economics
ISBN : 9781781005101
Research on executive compensation has exploded in recent years, and this volume of specially commissioned essays brings the reader up-to-date on all of the latest developments in the field. Leading corporate governance scholars from a range of countries set out their views on four main areas of executive compensation: the history and theory of executive compensation, the structure of executive pay, corporate governance and executive compensation, and international perspectives on executive pay. The authors analyze the two dominant theoretical approaches – managerial power theory and optimal contracting theory – and examine their impact on executive pay levels and the practices of concentrated and dispersed share ownership in corporations. The effectiveness of government regulation of executive pay and international executive pay practices in Australia, the US, Europe, China, India and Japan are also discussed. A timely study of a controversial topic, the Handbook will be an essential resource for students, scholars and practitioners of law, finance, business and accounting.
Author : Bo Sun
Publisher : DIANE Publishing
Page : 33 pages
File Size : 40,5 Mb
Release : 2010-08
Category : Business & Economics
ISBN : 9781437930986
Analyzes executive compensation in a setting where managers may take a costly action to manipulate corporate performance, and whether managers do so is stochastic. Examines how the opportunity to manipulate affects the optimal pay contract, and establishes necessary and sufficient conditions under which earnings management occurs. The author¿s model provides a set of implications on the role earnings management plays in driving the time-series and cross-sectional variation of executive compensation. In addition, the model's predictions regarding the changes of earnings management and executive pay in response to corporate governance legislation are consistent with empirical observations. Charts and tables.
Author : Irving S. Becker,Kurt Groeninger
Publisher : Worldatwork
Page : 536 pages
File Size : 47,5 Mb
Release : 2021-06-30
Category : Business & Economics
ISBN : 1579633951
Getting executive compensation right is not an easy task. Finding the appropriate compensation plan to incentivize executives and drive corporate performance is an annual challenge for corporate boards. There is a myriad of factors at play. Boards must balance the need to incentivize individuals, keep compensation costs reasonable, maintain internal equity, and manage shareholder value. While directors wrestle with these factors, matters are made all the more difficult given the scrutiny executive pay now faces by shareholders, legislators, interest groups and the media. In other words, compensating executives has never been more complex. Understanding Executive Compensation & Governance demystifies each component of pay and serves as a go-to resource for individuals in and out of the boardroom. This edition explores the full scope of executive pay, with topics ranging from setting a pay philosophy to arranging deferred compensation programs. This book also covers new and emerging trends in compensation, such as the rise of ESG, the expanding role of the compensation committee, and the use of relative metrics in incentive programs. International compensation is also included with sections on Australia, Canada, France, Germany, Japan, the Netherlands, and the United Kingdom. The carefully selected and organized chapters address the basic areas affecting executive compensation. This book synthesizes current knowledge and best practices through a collection of articles, with relevant discussions on the advantages and disadvantages of certain pay decisions. Readers have easy access to a wide range of executive pay issues that are especially pertinent in the current debate on the topic. Relevant to any type of company, whether publicly or privately held, Understanding Executive Compensation & Governance is a must-read for any professional responsible for crafting or overseeing executive pay programs.
Author : Michael Dorff
Publisher : Univ of California Press
Page : 326 pages
File Size : 48,5 Mb
Release : 2014-08-01
Category : Political Science
ISBN : 9780520281011
Prodded by economists in the 1970s, corporate directors began adding stock options and bonuses to the already-generous salaries of CEOs with hopes of boosting their companiesÕ fortunes. Guided by largely unproven assumptions, this trend continues today. So what are companies getting in return for all the extra money? Not much, according to the empirical data. In Indispensable and Other Myths: Why the CEO Pay Experiment Failed and How to Fix It, Michael Dorff explores the consequences of this development. He shows how performance pay has not demonstrably improved corporate performance and offers studies showing that performance pay cannot improve performance on the kind of tasks companies ask of their CEOs. Moreover, CEOs of large established companies do not typically have much impact on their companiesÕ results. In this eye-opening exposŽ, Dorff argues that companies should give up on the decades-long experiment to mold compensation into a corporate governance tool and maps out a rationale for returning to the era of guaranteed salaries.
Author : Peter T. Chingos
Publisher : John Wiley & Sons
Page : 322 pages
File Size : 54,8 Mb
Release : 2004-04-12
Category : Business & Economics
ISBN : 9780471655084
A definitive road map to help companies assess and refine their executive reward strategies. Responsible pay has become inextricably linked with corporate governance and long-term shareholder value creation. Responsible Executive Compensation for a New Era of Accountability shows you how to revamp your executive compensation programs to drive shareholder value creation while adhering to the high standards of the new corporate governance environment. Packed with case studies, diagnostics, and contributions from world-renowned experts in executive compensation, this vital resource offers a comprehensive overview of the critical issues affecting executive compensation practice and theory during this new era. Order your copy today!
Author : Michael Dennis Graham,Thomas A. Roth,Dawn Dugan
Publisher : AMACOM Div American Mgmt Assn
Page : 545 pages
File Size : 48,8 Mb
Release : 2008
Category : Business & Economics
ISBN : 9780814410127
After the Enron, Tyco, and WorldCom debacles, we all know what can happen when executives go wild. Creative accounting, inflated pay, runaway perks-and a downward spiral of the companies they run.
Author : Ira Kay,Steven Van Putten
Publisher : Cambridge University Press
Page : 15 pages
File Size : 51,7 Mb
Release : 2007-08-27
Category : Business & Economics
ISBN : 9781139466479
Popular perceptions of executive compensation in the United States are now part of a full-blown mythology fueled by critics who have little direct experience with the inner workings of corporations, their boards, and the executive teams who ultimately shoulder the responsibility for business success or failure. This book documents the realities of executive compensation by investigating the extent to which the pay for performance model governs executive pay levels. It also assesses the relative success of this model in creating value for shareholders and robust job growth for U.S. workers and provides detailed, real-world guidance for designing and executing effective executive compensation plans. Based on extensive empirical research and decades of direct experience in the field, Myths and Realities of Executive Pay settles the debate about executive compensation and the role it plays in the broader U.S. economy.
Author : Larry Comp,Steve Smith
Publisher : Rock Star Publishing House
Page : 124 pages
File Size : 50,7 Mb
Release : 2014-03-10
Category : Business & Economics
ISBN : 193750669X
Finally a "quick read" for private company CEOs and business owners that takes the mystique out of Executive Compensation and helps them to get control of and leverage their most important investment. Loaded with tools, tips and guidelines related to critical topics, such as incentive plan design, use of long-term equity/cash compensation, and capital accumulation for business owners and their key executives. LARRY COMP, President of LTC Performance Strategies, Inc. has led hundreds of performance-based compensation initiatives with over 300 companies across industry. His passion is leveraging compensation to drive organizational and individual performance. STEVE SMITH, Director of Client Solutions for LTC Performance Strategies, Inc. has consulted on over 100 complex total compensation initiatives. His passion is optimizing compensation to help clients to attract & retain top talent, while realizing astrong return (ROI) on their largest investment.
Author : Kym Maree Sheehan
Publisher : Edward Elgar Publishing
Page : 255 pages
File Size : 41,9 Mb
Release : 2012-01-01
Category : Business & Economics
ISBN : 9780857938336
ïBased on extensive interviews with those directly involved in the executive pay setting process _ executives themselves, remuneration committee members, remuneration consultants, and institutional investors _ this excellent study finally explains how, despite repeated regulation over the past twenty years in both the UK and Australia, limits on the amount executives get paid, and a clear relationship between pay and performance remain as elusive as ever. Dr. SheehanÍs study suggests that by targeting the pay setting process rather than pay itself, regulation may have contributed, albeit unintentionally, to the endless upward ratcheting of absolute levels of executive pay.Í _ John Roberts, University of Sydney, Australia ïFor those that believe executive remuneration in the UK and Australia is too high and poorly aligned with company performance, this book provides an excellent analytical framework and strong arguments in favor of greater shareholder oversight of remuneration practices and pay levels. It is well-written, carefully argued and persuasive in its treatment of the subject. I wholeheartedly recommend it.Í _ Randall S. Thomas, Vanderbilt University Law School, US In this timely book, Kym Sheehan examines the regulatory technique known as ïsay on payÍ _ where shareholders vote on executive compensation in an annual, advisory vote on the remuneration report. Using the model of the regulated remuneration cycle, and drawing upon evidence of its operation from interviews, voting data and remuneration reports from UK and Australian companies, the book demonstrates whether say on pay can operate successfully to both constrain executive greed and ensure accountability exists for company performance and decision-making. The Regulation of Executive Compensation is essential reading for corporate governance academics, remuneration consultants, company directors, regulators, pension and superannuation fund trustees and unions. Politicians and their policy advisers, lawyers, accountants and anyone concerned about the corporate governance of listed companies will find much to interest them in this detailed study.
