Pay without Performance : : The Unfulfilled Promise of Executive Compensation /

Pay without Performance : : The Unfulfilled Promise of Executive Compensation / / Lucian Bebchuk, Jesse Fried.

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 Perform...

Full description

Saved in:
Bibliographic Details
VerfasserIn:
Bebchuk, Lucian,
Fried, Jesse,
Place / Publishing House:Cambridge, MA : : Harvard University Press, , [2009]
©2006
Year of Publication:2009
Language:English
Online Access:
Physical Description:1 online resource (304 p.)
Tags: Add Tag
No Tags, Be the first to tag this record!
Table of Contents:
  • Frontmatter
  • Contents
  • Preface
  • Introduction
  • Part I The Official View and Its Shortcomings
  • 1 The Official Story
  • 2 Have Boards Been Bargaining at Arm’s Length?
  • 3 Shareholders’ Limited Power to Intervene
  • 4 The Limits of Market Forces
  • Part II Power and Pay
  • 5 The Managerial Power Perspective
  • 6 The Relationship between Power and Pay
  • 7 Managerial Influence on the Way Out
  • 8 Retirement Benefits
  • 9 Executive Loans
  • Part III Decoupling Pay from Performance
  • 10 Non-Equity-Based Compensation
  • 11 Windfalls in Conventional Options
  • 12 Excuses for Conventional Options
  • 13 More on Windfalls in Equity-Based Compensation
  • 14 Freedom to Unwind Equity Incentives
  • Part IV Going Forward
  • 15 Improving Executive Compensation
  • 16 Improving Corporate Governance
  • Notes
  • References
  • Index

Similar Items