Author: California. Legislature. Senate. Advisory Commission on Cost Control in State GovernmentPublisher:
ISBN:
Category : California
Languages : en
Pages : 212
Book Description
Executive Compensation in California State Government
Author: California. Legislature. Senate. Advisory Commission on Cost Control in State GovernmentPublisher:
ISBN:
Category : California
Languages : en
Pages : 212
Book Description
Pay Without Performance
Author: Lucian A. BebchukPublisher: Harvard University Press
ISBN: 9780674020634
Category : Business & Economics
Languages : en
Pages : 308
Book Description
The company is under-performing, its share price is trailing, and the CEO gets...a multi-million-dollar raise. This story is familiar, for good reason: as this book clearly demonstrates, structural flaws in corporate governance have produced widespread distortions in executive pay. Pay without Performance presents a disconcerting portrait of managers' influence over their own pay--and of a governance system that must fundamentally change if firms are to be managed in the interest of shareholders. Lucian Bebchuk and Jesse Fried demonstrate that corporate boards have persistently failed to negotiate at arm's length with the executives they are meant to oversee. They give a richly detailed account of how pay practices--from option plans to retirement benefits--have decoupled compensation from performance and have camouflaged both the amount and performance-insensitivity of pay. Executives' unwonted influence over their compensation has hurt shareholders by increasing pay levels and, even more importantly, by leading to practices that dilute and distort managers' incentives. This book identifies basic problems with our current reliance on boards as guardians of shareholder interests. And the solution, the authors argue, is not merely to make these boards more independent of executives as recent reforms attempt to do. Rather, boards should also be made more dependent on shareholders by eliminating the arrangements that entrench directors and insulate them from their shareholders. A powerful critique of executive compensation and corporate governance, Pay without Performance points the way to restoring corporate integrity and improving corporate performance.
Statutes of California and Digests of Measures
Author: CaliforniaExecutive Compensation in California Public Higher Education
Author: Publisher:
ISBN:
Category : Public universities and colleges
Languages : en
Pages : 8
Book Description
Equal Employment Opportunity Statistics
Author: California's Budget Process
Author: Milton G. GordonPublisher: DIANE Publishing
ISBN: 9780788183249
Category : Business & Economics
Languages : en
Pages : 104
Book Description
Report by the Calif. Senate Advisory Commission on Cost Control in State Government. The Commission, having examined Calif.'s budget process, identifies opportunities for increasing efficiency, reducing costs, enhancing accountability & administrative oversight, & improving management techniques & systems in state government. Sections include: how do we define good budgeting?; California's budget planning; legislative budget review, analysis & authorization; budget monitoring, adjustment, & control; goal setting & planning; information use; management responsibility; accountability; conclusion. References.
Executive Pay
Author: United States. Congress. House. Committee on Oversight and Government ReformPublisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 184
Book Description
Executive Compensation
Author: United States. Congress. House. Committee on Oversight and Government ReformPublisher:
ISBN:
Category : Compensation management
Languages : en
Pages : 272
Book Description
Research Handbook on Executive Pay
Author: John S. BeasleyPublisher: Edward Elgar Publishing
ISBN: 1781005109
Category : Business & Economics
Languages : en
Pages : 553
Book Description
Research on executive compensation has exploded in recent years, and this volume of specially commissioned essays brings the reader up-to-date on all of the latest developments in the field. Leading corporate governance scholars from a range of countries set out their views on four main areas of executive compensation: the history and theory of executive compensation, the structure of executive pay, corporate governance and executive compensation, and international perspectives on executive pay. The authors analyze the two dominant theoretical approaches – managerial power theory and optimal contracting theory – and examine their impact on executive pay levels and the practices of concentrated and dispersed share ownership in corporations. The effectiveness of government regulation of executive pay and international executive pay practices in Australia, the US, Europe, China, India and Japan are also discussed. A timely study of a controversial topic, the Handbook will be an essential resource for students, scholars and practitioners of law, finance, business and accounting.
Personnel Management in State and Local Governments
Author: United States. Office of Personnel Management. LibraryPublisher:
ISBN:
Category : Civil service
Languages : en
Pages : 80
Book Description