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E-book
Author Bebchuk, Lucian A.

Title Pay without performance : the unfulfilled promise of executive compensation / Lucian Bebchuk and Jesse Fried
Published Cambridge, MA : Harvard University Press, 2004

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Description 1 online resource (xii, 278 pages)
Contents The official view and its shortcomings -- Power and pay -- Decoupling pay from performance -- Going forward
Summary "Pay without Performance presents a disconcerting portrait of executives' power to influence their own pay - and of the structural defects in corporate governance that give them this power. As this book demonstrates, boards have persistently failed to negotiate at arm's length with the executives they are meant to oversee. Lucian Bebchuk and Jesse Fried give a richly detailed account of how pay practices - from option plans to retirement benefits - have decoupled compensation from performance and camouflaged both the amount and the performance-insensitivity of pay. They show that flaws in pay arrangements and the pay-setting process have been widespread and systemic. These problems have hurt shareholders both by increasing pay levels and, even more important, by leading to practices that dilute and distort managers' incentives."--Jacket
Bibliography Includes bibliographical references (pages 217-270) and index
Notes Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212 MiAaHDL
English
Print version record
digitized 2010 HathiTrust Digital Library committed to preserve pda MiAaHDL
Subject Executives -- Salaries, etc.
Corporate governance.
BUSINESS & ECONOMICS -- Labor.
POLITICAL SCIENCE -- Labor & Industrial Relations.
BUSINESS & ECONOMICS / Business Law
Corporate governance
Executives -- Salaries, etc.
Angemessenheit
Corporate Governance
Führungskraft
Gehalt
Leistungsmessung
Lohn
Topmanager
Unternehmen
Vorstand
Salarissen.
Leidinggevend personeel.
Directeuren.
Corporate governance.
Beloningen.
Prestaties.
Rémunération des cadres.
Rendement au travail.
Gouvernement d'entreprise.
Executives -- Salaries, etc.
Corporate governance.
USA
Form Electronic book
Author Fried, Jesse M.
LC no. 2004052253
ISBN 9780674020634
0674020634
0674022289
9780674022287