Myths and Realities of Executive Pay
- Authors:
- Ira Kay, Watson Wyatt Worldwide, Washington, DC
- Steven Van Putten, Watson Wyatt Worldwide, Washington, DC
- Date Published: November 2007
- availability: Available
- format: Hardback
- isbn: 9780521871952
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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.
Read more- 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
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×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: Available
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.
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