Indispensable and other myths: why the CEO pay experiment failed and how to fix it 9780520281011, 9780520958593, 0520281012, 0520958594

Prodded by economists in the 1970s, corporate directors began adding stock options and bonuses to the already-generous s

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English Pages 326 pages Year 2014

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Indispensable and other myths: why the CEO pay experiment failed and how to fix it
 9780520281011, 9780520958593, 0520281012, 0520958594

Table of contents :
ACKNOWLEDGMENTS 1. INTRODUCTION PART I. WHAT'S WRONG WITH THE DOMINANT THEORIES? 2. THE PUZZLES OF CEO COMPENSATION 3. The Corporate Personality Myth 4. MARKET MYTHOLOGY 5. Incentives Mythology PART II. WHAT'S REALLY GOING ON? 6. Performance Pay Mythology 7. Causation Mythology 8. Predictability Mythology PART III. HOW CAN WE BEST REFORM THE SYSTEM? 9. ALIGNMENT MYTHOLOGY 10. MOVING FORWARD Notes Index

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