Curbing CEO pay: Rules backfire
Article Abstract:
Every compensation reform effort by the government to curb growth in pay has had negative consequences, making the status quo worse than what it was before. In 1990s pension funds and some investor groups had pushed for greater stock option use, while the government's 1993 law capped the compensation amounts. But the rules did not work, as shareholder did not realize how much was given away and how quickly.
Publication Name: CQ Researcher
Subject: News, opinion and commentary
ISSN: 1056-2036
Year: 2007
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Curbing CEO pay: Undue influence
Article Abstract:
Powerful CEOs exercise their influence over boards and compensation committees for higher salaries. However, some compensation experts argue that highly skilled managers have a number of opportunities open to them, and since the role of the corporate CEO has become much more demanding, it is reasonable for them to command higher salaries.
Publication Name: CQ Researcher
Subject: News, opinion and commentary
ISSN: 1056-2036
Year: 2007
User Contributions:
Comment about this article or add new information about this topic: