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Pay without Performance: The Unfulfilled Promise of Executive Compensation

Lucian Bebchuk, Jesse Fried




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 | #1628862 in Books |  Harvard University Press |  2006-09-30 |  2006-08-21 | Original language:English | PDF # 1 |  9.25 x.75 x6.13l,.95 | File type: PDF | 304 pages

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||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| |Bebchuk and Fried present a powerful challenge to financial economists' view that compensation arrangements are designed by boards seeking to increase shareholder value. They offer a compelling account of how managers' influence has distorted executive pay. By

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 be mana...

You easily download any file type for your gadget.Pay without Performance: The Unfulfilled Promise of Executive Compensation   |  Lucian Bebchuk, Jesse Fried. I was recommended this book by a dear friend of mine.

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