Myths and Realities of Executive Pay (Hardcover)

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.