Top executive compensation: Equity or excess? Implications for regaining American competitiveness  

Oleh:

Walters, Bruce ; Hardin, Tim ; Schick, James

Jenis: Article from Journal - ilmiah internasional
Dalam koleksi: Journal of Business Ethics vol. 14 no. 3 (Mar. 1995), page 227.
Topik: Top Executive Compensation; Equity; Excess; Organizational Performance; American Competitiveness
Fulltext: 227.pdf (1.05MB)

Ketersediaan

Perpustakaan Pusat (Semanggi) Nomor Panggil: BB27.22 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada

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The debate over compensation packages for top executives is discussed. Particular emphasis is placed on the decoupling of CEO pay and organizational performance. A contrast is drawn between firms that are owner-controlled and those that are manager-controlled. Owner-controlled firms tend to be more market-driven. In manager-controlled firms, however, ownership can become diluted to the point where decisions may not always be in the best interest of shareholders. The process of determining CEO compensation packages is examined, and special attention is given to the handling of stock options. In order to stem the threat of increased government intervention, suggestions are made for increasing the leverage of compensation committees and of shareholders in general.

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