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Pay without Performance: The Unfulfilled Promise of Executive Compensation
Lucian Bebchuk
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Description for Pay without Performance: The Unfulfilled Promise of Executive Compensation
paperback. The company is underperforming and the CEO gets .. a multimillion-dollar raise. Demonstrating that the flaws in corporate governance have produced distortions in executive pay, this book looks at the managers' influence over their own pay - and of a system that must change if firms are to be managed in the shareholders interest of shareholders. Num Pages: 304 pages. BIC Classification: KJ; KN. Category: (P) Professional & Vocational. Dimension: 234 x 156 x 19. Weight in Grams: 410.
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 managed in the interest of shareholders. Lucian Bebchuk and Jesse Fried demonstrate that corporate boards have persistently failed to negotiate at arm's length with the executives they are meant to ... Read more
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 managed in the interest of shareholders. Lucian Bebchuk and Jesse Fried demonstrate that corporate boards have persistently failed to negotiate at arm's length with the executives they are meant to ... Read more
Product Details
Publisher
Harvard University Press United States
Number of pages
304
Format
Paperback
Publication date
2006
Condition
New
Number of Pages
304
Place of Publication
Cambridge, Mass, United States
ISBN
9780674022287
SKU
V9780674022287
Shipping Time
Usually ships in 7 to 11 working days
Ref
99-1
About Lucian Bebchuk
Lucian Bebchuk is Professor of Law, Economics, and Finance and Director of the Program on Corporate Governance at Harvard Law School. Jesse Fried is Professor of Law and Co-Director of the Berkeley Center for Law, Business, and the Economy at the University of California, Berkeley.
Reviews for Pay without Performance: The Unfulfilled Promise of Executive Compensation
For anyone looking for a guide to the debate over American top pay, this book will be indispensable. It is clear, well-argued, fully researched and deeply felt. - Michael Skapinker, Financial Times