CEO Pay And What to Do About It
Restoring Integrity to Both Executive Compensation And Capital-market Relations
Kevin J Murphy author Michael C Jensen author
Format:Hardback
Publisher:Harvard Business School Publishing
Published:16th Aug '12
£25.00
Supplier delay - available to order, but may take longer than usual.
This book proposes a whole new system for incenting managers to act in the best interests of company owners. Reversing his earlier position - that companies probably weren't paying enough to attract the best executive talent - Jensen and his coauthors are now positing that, in fact, pay packages can be too high and too risk-free, causing otherwise highly talented managers to act in ways that destroy corporate value. The authors have identified the critical missing link in current incentive plans, namely that link between a manager's effectiveness in executing strategy and the capital market's valuation of the results, which they call strategic value accountability. They explain how it works and how to devise a plan that holds top managers accountable for creating long-term strategic value.
ISBN: 9781422101179
Dimensions: unknown
Weight: unknown
256 pages