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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.

CEO Pay And What to Do About It cover

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