Download This PaperExecutive Compensation: Perspectives from a Former CEO
12 Pages Posted: 12 Dec 2005
Date Written: 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 as well as a different view on two issues: first, the starkly drawn differences between the arm's length bargaining model versus the managerial power model; and, second, the authors' preference for reduced-windfall options over restricted stock.
Keywords: Executive compensation, pay without performance, stock options, restricted stock
JEL Classification: G30, J33, J44, K22
Suggested Citation: Suggested Citation
Biggs, John H., Executive Compensation: Perspectives from a Former CEO (December 2005). Available at SSRN: https://ssrn.com/abstract=868506 or http://dx.doi.org/10.2139/ssrn.868506
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