Pay Without Performance

Pay Without Performance

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Provides a detailed account of how corporate boards have failed to negotiate with executives and how pay practices have decoupled compensation from performance, leading to practices that dilute manager incentives and hurt shareholders.For example, the departing CEO of Ford, Jacques Nasser, extracted a commitment from Ford to endow a scholarship in his ... Executives Get Lush Perks and Fat Fees for Limited a#39;Consultinga#39; Work, aquot; Wall Street Journal, September 13, 2002, Bl. 24. ... NYSE Listed Company Manual Rule 303A; NASD Rule 4350; and American Stock Exchange Company Guide sec. 121. In the text discussion that follows, we focus on the NYSE requirements because of the importance and prominence ofanbsp;...

Title:Pay Without Performance
Author: Lucian A. Bebchuk, Jesse M. Fried
Publisher: - 2004

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