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Pay without Performance: The Unfulfilled Promise of Executive Compensation

By Lucian Bebchuk, Jesse Fried
eBook
$33.00
By Lucian Bebchuk, Jesse Fried
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The company is under-performing, its share price is trailing, and the CEO gets...a multi-million-dollar raise. This story is familiar, for good reason: as this book clearly demonstrates, structural flaws in corporate governance have produced widespread distortions in executive pay. Pay without Performance presents a disconcerting portrait of managers' influence over their own pay--and of a governance system that must fundamentally change if firms are to be managed in the interest of shareho...

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