Author: John S. Beasley
Publisher: Edward Elgar Publishing
ISBN: 1781005109
Category : Business & Economics
Languages : en
Pages : 553
Book Description
Research on executive compensation has exploded in recent years, and this volume of specially commissioned essays brings the reader up-to-date on all of the latest developments in the field. Leading corporate governance scholars from a range of countries set out their views on four main areas of executive compensation: the history and theory of executive compensation, the structure of executive pay, corporate governance and executive compensation, and international perspectives on executive pay. The authors analyze the two dominant theoretical approaches – managerial power theory and optimal contracting theory – and examine their impact on executive pay levels and the practices of concentrated and dispersed share ownership in corporations. The effectiveness of government regulation of executive pay and international executive pay practices in Australia, the US, Europe, China, India and Japan are also discussed. A timely study of a controversial topic, the Handbook will be an essential resource for students, scholars and practitioners of law, finance, business and accounting.
Research Handbook on Executive Pay
Author: John S. Beasley
Publisher: Edward Elgar Publishing
ISBN: 1781005109
Category : Business & Economics
Languages : en
Pages : 553
Book Description
Research on executive compensation has exploded in recent years, and this volume of specially commissioned essays brings the reader up-to-date on all of the latest developments in the field. Leading corporate governance scholars from a range of countries set out their views on four main areas of executive compensation: the history and theory of executive compensation, the structure of executive pay, corporate governance and executive compensation, and international perspectives on executive pay. The authors analyze the two dominant theoretical approaches – managerial power theory and optimal contracting theory – and examine their impact on executive pay levels and the practices of concentrated and dispersed share ownership in corporations. The effectiveness of government regulation of executive pay and international executive pay practices in Australia, the US, Europe, China, India and Japan are also discussed. A timely study of a controversial topic, the Handbook will be an essential resource for students, scholars and practitioners of law, finance, business and accounting.
Publisher: Edward Elgar Publishing
ISBN: 1781005109
Category : Business & Economics
Languages : en
Pages : 553
Book Description
Research on executive compensation has exploded in recent years, and this volume of specially commissioned essays brings the reader up-to-date on all of the latest developments in the field. Leading corporate governance scholars from a range of countries set out their views on four main areas of executive compensation: the history and theory of executive compensation, the structure of executive pay, corporate governance and executive compensation, and international perspectives on executive pay. The authors analyze the two dominant theoretical approaches – managerial power theory and optimal contracting theory – and examine their impact on executive pay levels and the practices of concentrated and dispersed share ownership in corporations. The effectiveness of government regulation of executive pay and international executive pay practices in Australia, the US, Europe, China, India and Japan are also discussed. A timely study of a controversial topic, the Handbook will be an essential resource for students, scholars and practitioners of law, finance, business and accounting.
An Introduction to Executive Compensation
Author: Steven Balsam
Publisher: Academic Press
ISBN: 9780120771264
Category : Business & Economics
Languages : en
Pages : 410
Book Description
General readers have no idea why people should care about what executives are paid and why they are paid the way they are. That's the reason that The Wall Street Journal, Fortune, Forbes, and other popular and practitioner publications have regular coverage on them. This book not only proposes a reason - executives need incentives in order to maximize firm value (economists call this agency theory) - it also describes the nature and design of executive compensation practices. Those incentives can take the form of benefits (salary, stock options), or prerquisites (reflecting the status of the executive within the organizational culture.
Publisher: Academic Press
ISBN: 9780120771264
Category : Business & Economics
Languages : en
Pages : 410
Book Description
General readers have no idea why people should care about what executives are paid and why they are paid the way they are. That's the reason that The Wall Street Journal, Fortune, Forbes, and other popular and practitioner publications have regular coverage on them. This book not only proposes a reason - executives need incentives in order to maximize firm value (economists call this agency theory) - it also describes the nature and design of executive compensation practices. Those incentives can take the form of benefits (salary, stock options), or prerquisites (reflecting the status of the executive within the organizational culture.
The Executive Compensation Handbook
Author: Kristi Anderson Wells
Publisher:
ISBN: 9781641052191
Category : Executives
Languages : en
Pages : 238
Book Description
A practical guide to a complex subject, The Executive Compensation Handbook provides guidance for understanding, negotiating and dividing these assets in divorce cases. These assets include a dizzying array of arrangements, plans, bonuses, and agreements that can seem overwhelming. This handbook offers a practical guide to understanding, negotiating, and dividing assets that fall into the broad category of executive compensation. Based on the authors' experience in the area, they offer guidance on how to avoid the common pitfalls associated with these important and complicated assets while providing essential information to clearly explain these issues to clients and judges. In clear, accessible language, the authors explain how to gather information, negotiate settlements, divide executive compensation plans, and draft separation agreements, as well as to use in drafting court financial statements where income needs to be disclosed. Topics range from the common types of executive compensation to valuation and issues in dividing assets to practical drafting tips and techniques.
Publisher:
ISBN: 9781641052191
Category : Executives
Languages : en
Pages : 238
Book Description
A practical guide to a complex subject, The Executive Compensation Handbook provides guidance for understanding, negotiating and dividing these assets in divorce cases. These assets include a dizzying array of arrangements, plans, bonuses, and agreements that can seem overwhelming. This handbook offers a practical guide to understanding, negotiating, and dividing assets that fall into the broad category of executive compensation. Based on the authors' experience in the area, they offer guidance on how to avoid the common pitfalls associated with these important and complicated assets while providing essential information to clearly explain these issues to clients and judges. In clear, accessible language, the authors explain how to gather information, negotiate settlements, divide executive compensation plans, and draft separation agreements, as well as to use in drafting court financial statements where income needs to be disclosed. Topics range from the common types of executive compensation to valuation and issues in dividing assets to practical drafting tips and techniques.
Effective Executive Compensation
Author: Michael Dennis GRAHAM
Publisher: AMACOM/American Management Association
ISBN: 0814410820
Category : Business & Economics
Languages : en
Pages : 544
Book Description
When it comes to creating an executive compensation program, it can feel like there’s little gray area between giving top performers too shiny a golden parachute, with exorbitant perks, and providing the company’s leaders with the incentive they need to continue doing their best. This book gives readers the techniques and understanding they need to design a rewards strategy that will motivate performers while benefiting the entire organization. Taking a careful look at the complicated state of executive rewards, this no-nonsense, practical guide provides readers with a complete methodology for motivating management to accomplish critical business goals. Eschewing a one-size-fits-all approach, the book uses case studies and examples to illustrate what factors should be considered—including environment, key stakeholders, people strategy, business strategy, and organizational capabilities—when designing a program that will benefit both their company and the people who fuel its success.
Publisher: AMACOM/American Management Association
ISBN: 0814410820
Category : Business & Economics
Languages : en
Pages : 544
Book Description
When it comes to creating an executive compensation program, it can feel like there’s little gray area between giving top performers too shiny a golden parachute, with exorbitant perks, and providing the company’s leaders with the incentive they need to continue doing their best. This book gives readers the techniques and understanding they need to design a rewards strategy that will motivate performers while benefiting the entire organization. Taking a careful look at the complicated state of executive rewards, this no-nonsense, practical guide provides readers with a complete methodology for motivating management to accomplish critical business goals. Eschewing a one-size-fits-all approach, the book uses case studies and examples to illustrate what factors should be considered—including environment, key stakeholders, people strategy, business strategy, and organizational capabilities—when designing a program that will benefit both their company and the people who fuel its success.
The Complete Guide to Executive Compensation
Author: Bruce R. Ellig
Publisher: McGraw Hill Professional
ISBN: 0071593616
Category : Business & Economics
Languages : en
Pages : 809
Book Description
ANSWERS TO EXCESSIVE EXECUTIVE PAY Charges of excessive executive compensation have filled the business press for a number of years, yet few understand why pay plans trigger such results.This desktop reference book is an easy-to-access, invaluable guide to structuring appropriate executive pay plans. Properly used, it will help avoid excessive executive pay resulting from poorly designed plans. Written by renowned compensation expert Bruce Ellig, this book is a must read for the designers, approvers, and recipients of executive compensation, as well as those who write about the subject. Consultants and in-house pay designers will find detailed examples (supplemented with over 400 figures and tables) to trigger their own creativity. Compensation committees and other approvers of executive pay plans will value the definitions and descriptions of various pay plans and the conditions under which they would be appropriate. Executives themselves will find the book useful. Not only in better understanding their own plans, but learning more about other plans, both those they may only have heard about, as well as many that have not yet caught their attention. And those who write about the subject will be able to put their comments in a better perspective.. The Complete Guide to Executive Compensation takes an in-depth look at each of the executive pay elements: salary, executive benefits and incentives (both short and long term). This review also includes the role of the board of directors (and its compensation committee) along with the influence of the major stakeholders (most notably the shareholder). And a complete chapter is devoted to various measurements of executive performance. This book also contains a compendium of selected key information on executive compensation, including laws, Internal Revenue Code sections, IRS revenue rulings, accounting interpretations, and SEC actions. No other book has such a complete resource section. In addition, it includes both a historical review of key developments and a look ahead, as well as a glossary with more than 2,000 definitions.
Publisher: McGraw Hill Professional
ISBN: 0071593616
Category : Business & Economics
Languages : en
Pages : 809
Book Description
ANSWERS TO EXCESSIVE EXECUTIVE PAY Charges of excessive executive compensation have filled the business press for a number of years, yet few understand why pay plans trigger such results.This desktop reference book is an easy-to-access, invaluable guide to structuring appropriate executive pay plans. Properly used, it will help avoid excessive executive pay resulting from poorly designed plans. Written by renowned compensation expert Bruce Ellig, this book is a must read for the designers, approvers, and recipients of executive compensation, as well as those who write about the subject. Consultants and in-house pay designers will find detailed examples (supplemented with over 400 figures and tables) to trigger their own creativity. Compensation committees and other approvers of executive pay plans will value the definitions and descriptions of various pay plans and the conditions under which they would be appropriate. Executives themselves will find the book useful. Not only in better understanding their own plans, but learning more about other plans, both those they may only have heard about, as well as many that have not yet caught their attention. And those who write about the subject will be able to put their comments in a better perspective.. The Complete Guide to Executive Compensation takes an in-depth look at each of the executive pay elements: salary, executive benefits and incentives (both short and long term). This review also includes the role of the board of directors (and its compensation committee) along with the influence of the major stakeholders (most notably the shareholder). And a complete chapter is devoted to various measurements of executive performance. This book also contains a compendium of selected key information on executive compensation, including laws, Internal Revenue Code sections, IRS revenue rulings, accounting interpretations, and SEC actions. No other book has such a complete resource section. In addition, it includes both a historical review of key developments and a look ahead, as well as a glossary with more than 2,000 definitions.
Pay Without Performance
Author: Lucian A. Bebchuk
Publisher: Harvard University Press
ISBN: 9780674020634
Category : Business & Economics
Languages : en
Pages : 308
Book Description
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 shareholders. Lucian Bebchuk and Jesse Fried demonstrate that corporate boards have persistently failed to negotiate at arm's length with the executives they are meant to oversee. They give a richly detailed account of how pay practices--from option plans to retirement benefits--have decoupled compensation from performance and have camouflaged both the amount and performance-insensitivity of pay. Executives' unwonted influence over their compensation has hurt shareholders by increasing pay levels and, even more importantly, by leading to practices that dilute and distort managers' incentives. This book identifies basic problems with our current reliance on boards as guardians of shareholder interests. And the solution, the authors argue, is not merely to make these boards more independent of executives as recent reforms attempt to do. Rather, boards should also be made more dependent on shareholders by eliminating the arrangements that entrench directors and insulate them from their shareholders. A powerful critique of executive compensation and corporate governance, Pay without Performance points the way to restoring corporate integrity and improving corporate performance.
Publisher: Harvard University Press
ISBN: 9780674020634
Category : Business & Economics
Languages : en
Pages : 308
Book Description
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 shareholders. Lucian Bebchuk and Jesse Fried demonstrate that corporate boards have persistently failed to negotiate at arm's length with the executives they are meant to oversee. They give a richly detailed account of how pay practices--from option plans to retirement benefits--have decoupled compensation from performance and have camouflaged both the amount and performance-insensitivity of pay. Executives' unwonted influence over their compensation has hurt shareholders by increasing pay levels and, even more importantly, by leading to practices that dilute and distort managers' incentives. This book identifies basic problems with our current reliance on boards as guardians of shareholder interests. And the solution, the authors argue, is not merely to make these boards more independent of executives as recent reforms attempt to do. Rather, boards should also be made more dependent on shareholders by eliminating the arrangements that entrench directors and insulate them from their shareholders. A powerful critique of executive compensation and corporate governance, Pay without Performance points the way to restoring corporate integrity and improving corporate performance.
The Complete Guide to Executive Compensation 3/E
Author: Bruce R. Ellig
Publisher: McGraw-Hill Education
ISBN: 9780071806312
Category : Business & Economics
Languages : en
Pages : 0
Book Description
The authoritative guide to executive compensation--updated for today's business environment The Complete Guide to Executive Compensation has long been recognized as the guide to executive pay. Now in its third edition, The Complete Guide to Executive Compensation has been fully updated to address important changes regarding venture capitalism, boards of directors' responsibilities, shifts in stakeholder power, and laws like the Dodd-Frank Wall Street Reform and Consumer Protection Act and healthcare reform. It includes appendices of selected laws, Internal Revenue Code sections, IRS revenue rulings, SEC actions, accounting interpretations, a bibliography of selected books, DJIA history, and a glossary of more than 2,000 definitions. The Complete Guide to Executive Compensation covers: Critical-to-know executive pay elements: salary, employee benefits, executive benefits, and long- and shortterm incentives The difference between current and deferred compensation, including statutory requirements The role of the board of directors and its compensation committees, along with the influence of the major stakeholders Various performance measurements of the income statement, the balance sheet, and the cash flow statement that are used in incentive plan payouts The Complete Guide to Executive Compensation addresses a wide range of needs. Consultants and in-house pay designers will find detailed examples that will trigger their own creativity, supplemented with more than 400 figures and tables. Boards of directors and compensation committees will benefit from the definitions and descriptions of various pay plans and the conditions under which they would be appropriate. Executives will not only better understand their own plans, but also those they may only have heard about, as well as many that have not yet caught their attention. Shareholders, legislators, and others will turn to it again and again as their go-to desktop reference book. Professors and students will be privy to invaluable insight they can find nowhere else. The Complete Guide to Executive Compensation provides everything you need to gain the edge in the war for recruiting and rewarding executive talent. PRAISE FOR THE COMPLETE GUIDE TO EXECUTIVE COMPENSATION "The Complete Guide to Executive Compensation . . . could be described as an 'Execupedia.' Whether you're a professional advising on the subject, a manager in the field of human resources, an executive whose compensation is affected by the principles and practices explained in the book, this book is a must." -- Joseph E. Bachelder, Special Counsel, McCarter & English, LLP "Whether you are a board member, shareholder, executive, or designer of executive compensation plans, this is an authoritative, go-to source. Ellig's guide is front and center on my bookshelf." -- Peter T. Chingos, Senior Partner, Compensation Advisory Partners LLC "An essential reference and description on current practices in executive compensation, one of the most critical responsibilities of board members." -- Ursie Fairbairn, Corporate Board Member and former CHRO, American Express; CEO, Fairbairn Group "Bruce Ellig's tour de force . . . continues to be the 'must-have' resource for executives, board members, HR professionals and benefits consultants, and academic specialists interested in understanding the key elements of executive compensation." -- William C. (Curt) Hunter, Dean Emeritus of Tippie College of Business, University of Iowa; President, Beta Gamma Sigma International Business Honor Society "The definitive source of information and expertise on executive compensation. Ellig has done it again! It truly is a 'Complete Guide.'" -- Ed Lawler, Director, Center for Effective Organizations, University of Southern California, Marshall School of Business "Bruce Ellig, long regarded as one of the leading gurus of executive compensation, has done a tremendous service by producing the third edition of his highly regarded book." -- David A. Nadler, Vice Chairman, Marsh & McLennan Companies; author of Building Better Boards
Publisher: McGraw-Hill Education
ISBN: 9780071806312
Category : Business & Economics
Languages : en
Pages : 0
Book Description
The authoritative guide to executive compensation--updated for today's business environment The Complete Guide to Executive Compensation has long been recognized as the guide to executive pay. Now in its third edition, The Complete Guide to Executive Compensation has been fully updated to address important changes regarding venture capitalism, boards of directors' responsibilities, shifts in stakeholder power, and laws like the Dodd-Frank Wall Street Reform and Consumer Protection Act and healthcare reform. It includes appendices of selected laws, Internal Revenue Code sections, IRS revenue rulings, SEC actions, accounting interpretations, a bibliography of selected books, DJIA history, and a glossary of more than 2,000 definitions. The Complete Guide to Executive Compensation covers: Critical-to-know executive pay elements: salary, employee benefits, executive benefits, and long- and shortterm incentives The difference between current and deferred compensation, including statutory requirements The role of the board of directors and its compensation committees, along with the influence of the major stakeholders Various performance measurements of the income statement, the balance sheet, and the cash flow statement that are used in incentive plan payouts The Complete Guide to Executive Compensation addresses a wide range of needs. Consultants and in-house pay designers will find detailed examples that will trigger their own creativity, supplemented with more than 400 figures and tables. Boards of directors and compensation committees will benefit from the definitions and descriptions of various pay plans and the conditions under which they would be appropriate. Executives will not only better understand their own plans, but also those they may only have heard about, as well as many that have not yet caught their attention. Shareholders, legislators, and others will turn to it again and again as their go-to desktop reference book. Professors and students will be privy to invaluable insight they can find nowhere else. The Complete Guide to Executive Compensation provides everything you need to gain the edge in the war for recruiting and rewarding executive talent. PRAISE FOR THE COMPLETE GUIDE TO EXECUTIVE COMPENSATION "The Complete Guide to Executive Compensation . . . could be described as an 'Execupedia.' Whether you're a professional advising on the subject, a manager in the field of human resources, an executive whose compensation is affected by the principles and practices explained in the book, this book is a must." -- Joseph E. Bachelder, Special Counsel, McCarter & English, LLP "Whether you are a board member, shareholder, executive, or designer of executive compensation plans, this is an authoritative, go-to source. Ellig's guide is front and center on my bookshelf." -- Peter T. Chingos, Senior Partner, Compensation Advisory Partners LLC "An essential reference and description on current practices in executive compensation, one of the most critical responsibilities of board members." -- Ursie Fairbairn, Corporate Board Member and former CHRO, American Express; CEO, Fairbairn Group "Bruce Ellig's tour de force . . . continues to be the 'must-have' resource for executives, board members, HR professionals and benefits consultants, and academic specialists interested in understanding the key elements of executive compensation." -- William C. (Curt) Hunter, Dean Emeritus of Tippie College of Business, University of Iowa; President, Beta Gamma Sigma International Business Honor Society "The definitive source of information and expertise on executive compensation. Ellig has done it again! It truly is a 'Complete Guide.'" -- Ed Lawler, Director, Center for Effective Organizations, University of Southern California, Marshall School of Business "Bruce Ellig, long regarded as one of the leading gurus of executive compensation, has done a tremendous service by producing the third edition of his highly regarded book." -- David A. Nadler, Vice Chairman, Marsh & McLennan Companies; author of Building Better Boards
Executive Compensation
Author: Andrew W. Stumpff
Publisher:
ISBN: 9781634602693
Category : Executives
Languages : en
Pages : 0
Book Description
Hardbound - New, hardbound print book.
Publisher:
ISBN: 9781634602693
Category : Executives
Languages : en
Pages : 0
Book Description
Hardbound - New, hardbound print book.
Healthcare Executive Compensation
Author: David Albert Bjork
Publisher: Ache Management Series
ISBN: 9781567934243
Category : Electronic books
Languages : en
Pages : 0
Book Description
This title is also available for the Kindle and Kindle Fire. Visit Amazon.com for more information. Executive compensation is an issue all healthcare organizations face. This new book, written by a healthcare executive compensation expert, helps CEOs and board compensation committees deal with issues such as compensation philosophy, the structure of the executive compensation program, the balance among its components, the emphasis on pay-for-performance, and the challenges of governing executive compensation. Most chapters end with a set of related best practices. They are addressed to trustees as advice on governing executive compensation and to CEOs as advice on managing compensation for other executives. Topics covered include: Defining the level of compensation needed to attract and retain talented leaders Designing and administering incentive compensation plans--both annual and long term Deciding whether to provide perquisites to executives Structuring employment agreements and severance policies Understanding the board's or compensation committee's role in overseeing executive compensation
Publisher: Ache Management Series
ISBN: 9781567934243
Category : Electronic books
Languages : en
Pages : 0
Book Description
This title is also available for the Kindle and Kindle Fire. Visit Amazon.com for more information. Executive compensation is an issue all healthcare organizations face. This new book, written by a healthcare executive compensation expert, helps CEOs and board compensation committees deal with issues such as compensation philosophy, the structure of the executive compensation program, the balance among its components, the emphasis on pay-for-performance, and the challenges of governing executive compensation. Most chapters end with a set of related best practices. They are addressed to trustees as advice on governing executive compensation and to CEOs as advice on managing compensation for other executives. Topics covered include: Defining the level of compensation needed to attract and retain talented leaders Designing and administering incentive compensation plans--both annual and long term Deciding whether to provide perquisites to executives Structuring employment agreements and severance policies Understanding the board's or compensation committee's role in overseeing executive compensation
Pay for Results
Author: Mercer, LLC
Publisher: John Wiley & Sons
ISBN: 047047811X
Category : Business & Economics
Languages : en
Pages : 288
Book Description
The numerous incentive approaches and combinations and their implications can be dizzying even to the compensation professional. Pay for Results provides a road map for developing and implementing executive incentives that drive business needs and strategy. It is filled with specific analytic tools, including tables, exhibits, forms, checklists. In addition, it uncovers myths in performance measurement strategy and design. Timely and thorough, this book expertly shows businesses how to drive their specific needs and strategy. Human resources and compensation officers will discover how to apply performance metrics that align with shareholder investment.
Publisher: John Wiley & Sons
ISBN: 047047811X
Category : Business & Economics
Languages : en
Pages : 288
Book Description
The numerous incentive approaches and combinations and their implications can be dizzying even to the compensation professional. Pay for Results provides a road map for developing and implementing executive incentives that drive business needs and strategy. It is filled with specific analytic tools, including tables, exhibits, forms, checklists. In addition, it uncovers myths in performance measurement strategy and design. Timely and thorough, this book expertly shows businesses how to drive their specific needs and strategy. Human resources and compensation officers will discover how to apply performance metrics that align with shareholder investment.