Pay Without Performance: The Unfulfilled Promise of Executive Compensation - Hardcover

Bebchuk, Lucian; Fried, Jesse M.

Hardcover

ISBN 10: 0674016653 ISBN 13: 9780674016651

Verlag: Harvard University Press, 2004

Inhaltsangabe

Provides a detailed account of how corporate boards have failed to negotiate with executives and how pay practices have decoupled compensation from performance, leading to practices that dilute manager incentives and hurt shareholders.

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Críticas

In times both bullish and bearish, there is periodic outrage over huge compensation packages for executives at publicly traded companies. The recent wave of corporate scandals only inflamed concerns that companies' boards of directors, too cozy with CEO's, were betraying their duty to shareholders. Reacting, defenders of corporate America have often offered 'rotten apple' theories and other explanations that deny any systemic problem. Inadequate, say Lucian Bebchuk, a professor of law, economics, and finance at Harvard University, and Jesse Fried, a professor of law at the University of California at Berkeley. In "Pay Without Performance", the scholars uncover what they say are widespread, persistent, and indeed systemic flaws in compensation arrangements.--Nina C. Ayoub"Chronicle of Higher Education" (12/03/2004)

Reseña del editor

'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.

Details zur Ausgabe

• Verlag: Harvard University Press
• Erscheinungsdatum: 2004
• Sprache: Englisch
• ISBN 10: 0674016653
• ISBN 13: 9780674016651
• Einband: Tapa dura
• Anzahl der Seiten: 304
• Kontakt zum Hersteller: Nicht verfügbar
• Verantwortliche Person: Amazon EU Sarl; 0; www.amazon.com; ; 38 Avenue John F. Kennedy; Luxembourg; 0; L-1855; Luxemburg