Corporate Culture and the Problem of Executive Compensation
10 Pages Posted: 12 Dec 2005
Date Written: December 2005
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 raised in it.
Keywords: Executive compensation, pay without performance, Corporate culture
JEL Classification: G30, J33, J44, K22
Suggested Citation: Suggested Citation