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Pay without Performance: The Unfulfilled Promise of Executive Compensation

Lucian Bebchuk




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 | #1503359 in eBooks |  2004-11-22 |  2004-11-22 | File type: PDF

||0 of 0 people found the following review helpful.| Excellent, scholarly treatment of the issue of CEO compensation.|By art|Clearly written account of the issue. Good references to the empiical literature and criticisms of market theories of CEO compensation.|4 of 4 people found the following review helpful.| This Fascinating Read Will Leave You Thinking ...|By R|Other reviewer| |Ever wonder if corporate executives are paid too much? Look at it this way: from 1993 to 2002, the aggregate compensation of the top five executives in all public companies amounted to an astonishing $250 billion, equivalent to 7.5% of all corporate earnings.


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 b...

You easily download any file type for your device.Pay without Performance: The Unfulfilled Promise of Executive Compensation   |  Lucian Bebchuk. Just read it with an open mind because none of us really know.

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