TITLE

Myths of Executive Compensation

AUTHOR(S)
Hodak, Marc
PUB. DATE
April 2010
SOURCE
NACD Directorship;Apr/May2010, Vol. 36 Issue 2, p66
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article discusses myths about executive compensation. Due to failure to distinguish truth from myth, policies were made that hurt rather than help shareholders. Some of the myths addressed by the author include widespread coverage about bonuses reflects grave concerns about corporate governance, overpaid chief executive officers (CEO) equated with greediness, CEOs taking advantage of boards, the collapse of the financial system is caused by problems created by perverse incentives in firms, and bonuses are offered to align pay with performance.
ACCESSION #
49740964

 

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