The Executive Compensation System is Broken
John C. Bogle
The Vanguard Group
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.
Number of Pages in PDF File: 11
Keywords: Executive compensation, pay without performance
JEL Classification: G30, J33, J44, K22
Date posted: December 12, 2005