TITLE

CEOs Given Raises for Implementing Layoffs

PUB. DATE
December 2006
SOURCE
USA Today Magazine;Dec2006, Vol. 135 Issue 2739, p11
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article reports on the increased salaries received by CEO who implemented layoffs in the U.S. Specifically, for the year after a layoff occurs, CEO of the 229 firms studied received 22.8 percent more in total pay than CEO of firms that did not have layoffs, reports finance professor Craig Rennie. Finance researchers and industry specialists know that stock-based compensation aligns managerial and shareholder interests.
ACCESSION #
23453245

 

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