Cover: Pay without Performance: The Unfulfilled Promise of Executive Compensation, from Harvard University PressCover: Pay without Performance in PAPERBACK

Pay without Performance

The Unfulfilled Promise of Executive Compensation

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Product Details


$31.50 • £25.95 • €28.50

ISBN 9780674022287

Publication Date: 09/30/2006


304 pages

6-1/8 x 9-1/4 inches


  • Preface
  • Introduction
  • Part I. The Official View and Its Shortcomings
    • 1. The Official Story
    • 2. Have Boards Been Bargaining at Arm’s Length?
    • 3. Shareholders’ Limited Power to Intervene
    • 4. The Limits of Market Forces
  • Part II. Power and Pay
    • 5. The Managerial Power Perspective
    • 6. The Relationship between Power and Pay
    • 7. Managerial Influence on the Way Out
    • 8. Retirement Benefits
    • 9. Executive Loans
  • Part III. Decoupling Pay from Performance
    • 10. Non–Equity-Based Compensation
    • 11. Windfalls in Conventional Options
    • 12. Excuses for Conventional Options
    • 13. More on Windfalls in Equity-Based Compensation
    • 14. Freedom to Unwind Equity Incentives
  • Part IV. Going Forward
    • 15. Improving Executive Compensation
    • 16. Improving Corporate Governance
  • Notes
  • References
  • Index

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