Skip to content
Register Sign in Wishlist
Myths and Realities of Executive Pay

Myths and Realities of Executive Pay


  • Date Published: November 2007
  • availability: In stock
  • format: Hardback
  • isbn: 9780521871952

£ 31.00

Add to cart Add to wishlist

Other available formats:

Looking for an inspection copy?

This title is not currently available on inspection

Product filter button
About the Authors
  • Popular perceptions of executive compensation in the United States are now part of a full-blown mythology fueled by critics who have little direct experience with the inner workings of corporations, their boards, and the executive teams who ultimately shoulder the responsibility for business success or failure. This book documents the realities of executive compensation by investigating the extent to which the pay for performance model governs executive pay levels. It also assesses the relative success of this model in creating value for shareholders and robust job growth for U.S. workers and provides detailed, real-world guidance for designing and executing effective executive compensation plans. Based on extensive empirical research and decades of direct experience in the field, Myths and Realities of Executive Pay settles the debate about executive compensation and the role it plays in the broader U.S. economy.

    • Settles the debate now raging in the United States about CEO pay levels
    • Gives theoretical models and practical guidance on designing, executing and evaluating executive pay plans
    • Based on a unique combination of empirical research, academic studies, and decades of direct corporate experience
    Read more

    Customer reviews

    Not yet reviewed

    Be the first to review

    Review was not posted due to profanity


    , create a review

    (If you're not , sign out)

    Please enter the right captcha value
    Please enter a star rating.
    Your review must be a minimum of 12 words.

    How do you rate this item?


    Product details

    • Date Published: November 2007
    • format: Hardback
    • isbn: 9780521871952
    • length: 278 pages
    • dimensions: 236 x 160 x 25 mm
    • weight: 0.51kg
    • contains: 68 tables
    • availability: In stock
  • Table of Contents

    Prologue: the compensation committee meets
    Introduction: the battle over executive compensation
    1. The myths and realities of pay for performance
    2. The myth of managerial power
    3. External pressures: the new context for executive compensation
    4. End of an era: the decline of the stock option
    5. The future of long-term incentives
    6. Executive stock ownership: the solution to the executive compensation crisis
    7. Director compensation in the new environment
    8. The compensation committee: creating a balance between shareholders and executives
    9. Aligning all employee pay to improve corporate performance
    10. International executive pay comparisons
    Conclusion: the future of executive compensation
    Epilogue: back in the boardroom
    Appendix A. Legal and regulatory requirement for executive compensation plans
    Appendix B. Summary of the regulatory and institutional mandates and recommendations
    Appendix C. Academic articles on pay for performance and the executive labor market.

  • Authors

    Ira Kay, Watson Wyatt Worldwide, Washington, DC
    Ira T. Kay, global practice director of executive compensation consulting at Watson Wyatt Worldwide in Washington, DC, is a nationally recognized expert on executive compensation. He has helped U.S. public, private, and international companies develop annual and long-term incentive plans to increase shareholder value. Dr. Kay has written and spoken extensively on executive compensation issues and conducted research on executive pay, stock ownership, and stock options. He is coauthor of the book The Human Capital Edge and is the author of CEO Pay and Shareholder Value: Helping the U.S. Win the Global Economic War and Value at the Top: Solutions to the Executive Compensation Crisis. Dr. Kay has published articles in the Harvard Business Review, McKinsey Quarterly, Journal of Deferred Compensation, and Across the Board. He has also presented analysis of executive compensation issues before the Federal Reserve Board, the Securities and Exchange Commission, the Financial Accounting Standards Board, and a U.S. Senate subcommittee. He is frequently quoted in the major business press and speaks globally on executive compensation issues.

    Steven Van Putten, Watson Wyatt Worldwide, Washington, DC
    Steven Van Putten is the east region practice leader of Watson Wyatt's executive compensation consulting practice. He primarily focuses on advising compensation committees and senior management on executive and director compensation matters. Mr Van Putten is a leading expert in executive and incentive compensation, specializing in the design and development of annual and long-term incentive programs that drive business strategy and support organizational objectives. He is also an expert on FAS 123(R) and implications for stock-based incentives.

Sign In

Please sign in to access your account


Not already registered? Create an account now. ×

Sorry, this resource is locked

Please register or sign in to request access. If you are having problems accessing these resources please email

Register Sign in
Please note that this file is password protected. You will be asked to input your password on the next screen.

» Proceed

You are now leaving the Cambridge University Press website. Your eBook purchase and download will be completed by our partner Please see the permission section of the catalogue page for details of the print & copy limits on our eBooks.

Continue ×

Continue ×

Continue ×

Find content that relates to you

Join us online

This site uses cookies to improve your experience. Read more Close

Are you sure you want to delete your account?

This cannot be undone.


Thank you for your feedback which will help us improve our service.

If you requested a response, we will make sure to get back to you shortly.

Please fill in the required fields in your feedback submission.