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  Pay without Performance: The Unfulfilled Promise of Executive Compensation
BOOK DETAILS
ParentParent   
TitlePay without Performance: The Unfulfilled Promise of Executive Compensation
ASIN0674016653 - Purchase This Book
CategoryBusiness/Economics
ContributorRP
Last ModifiedRP - March 19, 2009 11:25am
DescriptionBebchuk and Fried, careful scholars of the first rank, develop a compelling critique of the market for managerial services. Pay is decoupled from performance. Executive compensation is neither fair nor efficient, operating as much on stealth as on open negotiation. Their evidence, their conclusions, and their recommendations cannot be ignored: they should be studied by boards, courts, the SEC-and anyone who wants contemporary corporate governance to work.

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