Top executive compensation: Equity or excess? Implications for regaining american competitiveness [Book Review]
David Bourget (Western Ontario)
David Chalmers (ANU, NYU)
Rafael De Clercq
Jack Alan Reynolds
Learn more about PhilPapers
Journal of Business Ethics 14 (3):227 - 234 (1995)
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.
|Keywords||No keywords specified (fix it)|
|Categories||categorize this paper)|
Setup an account with your affiliations in order to access resources via your University's proxy server
Configure custom proxy (use this if your affiliation does not provide a proxy)
|Through your library|
References found in this work BETA
No references found.
Citations of this work BETA
Knut J. Ims, Lars Jacob Tynes Pedersen & Laszlo Zsolnai (2013). How Economic Incentives May Destroy Social, Ecological and Existential Values: The Case of Executive Compensation. Journal of Business Ethics:1-8.
Marco Heimann, Étienne Mullet & Jean-François Bonnefon (2015). Peoples’ Views About the Acceptability of Executive Bonuses and Compensation Policies. Journal of Business Ethics 127 (3):661-671.
Marjorie Chan (2008). Executive Compensation. Business and Society Review 113 (1):129-161.
Similar books and articles
Mel Perel (2003). An Ethical Perspective on CEO Compensation. Journal of Business Ethics 48 (4):381-391.
Lois Schafer Mahoney & Linda Thorn (2006). An Examination of the Structure of Executive Compensation and Corporate Social Responsibility: A Canadian Investigation. [REVIEW] Journal of Business Ethics 69 (2):149 - 162.
Linda L. Carr & Moosa Valinezhad (1994). The Role of Ethics in Executive Compensation: Toward a Contractarian Interpretation of the Neoclassical Theory of Managerial Renumeration. [REVIEW] Journal of Business Ethics 13 (2):81 - 93.
Kiridaran Kanagaretnam, Gerald J. Lobo & Emad Mohammad (2009). Are Stock Options Grants to Ceos of Stagnant Firms Fair and Justified? Journal of Business Ethics 90 (1):137 - 155.
Donald Nichols & Chandra Subramaniam (2001). Executive Compensation: Excessive or Equitable? [REVIEW] Journal of Business Ethics 29 (4):339 - 351.
Jeffrey Moriarty (2009). How Much Compensation Can CEOs Permissibly Accept? Business Ethics Quarterly 19 (2):235-250.
James A. Brander (2006). The Effect of Ethical Fund Portfolio Inclusion on Executive Compensation. Journal of Business Ethics 69 (4):317 - 329.
Allan S. Ashley & Simon S. M. Yang (2004). Executive Compensation and Earnings Persistence. Journal of Business Ethics 50 (4):369-382.
Ella Mae Matsumura & Jae Yong Shin (2005). Corporate Governance Reform and CEO Compensation: Intended and Unintended Consequences. [REVIEW] Journal of Business Ethics 62 (2):101 - 113.
Obeua S. Persons (2006). The Effects of Fraud and Lawsuit Revelation on U.S. Executive Turnover and Compensation. Journal of Business Ethics 64 (4):405 - 419.
Added to index2009-01-28
Total downloads15 ( #161,941 of 1,700,306 )
Recent downloads (6 months)3 ( #206,271 of 1,700,306 )
How can I increase my downloads?