What is a CEO Worth? Don't Look to Peers

Directors & Boards, 2011

6 Pages Posted: 20 Feb 2019

See all articles by Charles M. Elson

Charles M. Elson

University of Delaware - John L. Weinberg Center for Corporate Governance

Craig Ferrere

Independent

Date Written: September 1, 2011

Abstract

We argue the reliance on peer benchmarking is the cause of increased executive compensation. This explanation accommodates both the management-capture and market-based theories about executive compensation, which are traditionally opposed to each other.

Keywords: executive compensation

Suggested Citation

Elson, Charles M. and Ferrere, Craig, What is a CEO Worth? Don't Look to Peers (September 1, 2011). Directors & Boards, 2011. Available at SSRN: https://ssrn.com/abstract=3330245

Charles M. Elson

University of Delaware - John L. Weinberg Center for Corporate Governance ( email )

Alfred Lerner Hall, Room 104
Newark, DE 19716
United States
302-831-6157 (Phone)

Craig Ferrere (Contact Author)

Independent ( email )

New York, NY

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