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The Executive Compensation System is Broken

John C. Bogle
The Vanguard Group

December 2005

Abstract:
This paper is based on the author's comments at the Columbia University Symposium on Bebchuk and Fried's "Pay without Performance: The Unfulfilled Promise of Executive Compensation." The paper offers the author's perspective on the book and the problems of executive compensation it discusses.

Keywords: Executive compensation, pay without performance

JEL Classifications: G30, J33, J44, K22

Working Paper Series

Date posted: December 12, 2005 ; Last revised: November 05, 2008

Suggested Citation

Bogle, John C., The Executive Compensation System is Broken (December 2005). Available at SSRN: http://ssrn.com/abstract=868508

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Contact Information

John C. Bogle (Contact Author)

The Vanguard Group ( email )

100 Vanguard Blvd.
Mailstop V-22
Malvern, PA 19355
United States
610-669-6323 (Phone)

HOME PAGE: http://www.vanguard.com/bogle_site/bogle_home.html

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