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Author: Lucian A. Bebchuk Publisher: 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.
Author: Lucian A. Bebchuk Publisher: 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.
Author: Shad Saleem Faruqi Publisher: Penerbit USM ISBN: 9674610707 Category : Law Languages : en Pages : 539
Book Description
This book of 136 short essays distills some of the most lucid writings of well-known, emeritus law professor, Shad Saleem Faruqi, who was from 2008–2012 attached to USM as a Visiting Professor. From mundane topics like “Tips for Interviewees” to such contentious and sensitive issues as ethnic relations, Islam and the Constitution, and electoral democracy, the book gives us a simple, warm and sympathetic commentary on some of the burning issues of our times. There are simple but searching essays on good governance, local government, law reform, universities and the law, and legal education. The reflections of the East and the perceptions of the West on human rights are discussed eloquently. The international law on war and peace is viewed in the context of our troubled world. Difficult issues are made simple and simple issues are made rich. All essays are guided by reason and driven by passion. The work is animated by a spirit of moderation, compassion and erudition.
Author: Ian Ayres Publisher: Yale University Press ISBN: 0300127138 Category : Law Languages : en Pages : 316
Book Description
How can a promise be a lie? Answer: when the promisor never intended to perform the promise. Such incidences of promissory fraud are frequently litigated because they can result in punitive damages awards. And an insincere promisor can even be held criminally liable. Yet courts have provided little guidance about what the scope of liability should be or what proof should be required. This book—the first ever devoted to the analysis of promissory fraud—answers these questions. Filled with examples of insincere promising from the case law as well as from literature and popular culture, the book is an indispensable guide for those who practice or teach contract law. The authors explore what promises say from the perspectives of philosophy, economics, and the law. They identify four chief mistakes that courts make in promissory fraud cases. And they offer a theory for how courts and practitioners should handle promissory fraud cases.
Author: Deendayal Upadhyaya Publisher: Prabhat Prakashan ISBN: 9351860736 Category : Philosophy Languages : en Pages : 271
Book Description
Embark on a thought-provoking exploration of socio-political ideologies with "The Two Plans" by Deendayal Upadhyaya, a profound analysis that sheds light on two distinct visions for India's future. Join Upadhyaya as he delves into the contrasting ideologies of integral humanism and communism, offering readers a comprehensive understanding of the principles, values, and goals that shape each worldview. Through meticulous analysis and incisive commentary, Upadhyaya presents a compelling argument for the superiority of integral humanism as a guiding philosophy for India's development and progress. As readers navigate through the pages of "The Two Plans," they'll encounter a rich tapestry of ideas and concepts that explore the fundamental differences between integral humanism and communism. From their respective views on individual rights and freedoms to their approaches to economic development and social justice, Upadhyaya provides a nuanced examination of the strengths and weaknesses of each ideology. The overall tone of the book is one of intellectual rigor and ideological clarity, as Upadhyaya presents his arguments with conviction and confidence. Drawing upon his deep understanding of Indian culture, history, and spirituality, he articulates a vision for a society rooted in the principles of dharma, solidarity, and self-reliance. Since its publication, "The Two Plans" has been widely praised for its insightful analysis, cogent arguments, and visionary outlook. Its enduring relevance speaks to its status as a seminal work of political philosophy, cherished by scholars, policymakers, and activists alike. Whether you're a student of political science, a practitioner of social activism, or simply a curious observer of India's socio-political landscape, "The Two Plans" offers a wealth of knowledge and inspiration to enrich your understanding of the ideological currents that shape our world. Don't miss your chance to engage with the ideas and insights of one of India's most influential thinkers. Grab your copy now and embark on a journey of intellectual discovery and enlightenment.
Author: Clarence Nathan Stone Publisher: ISBN: Category : Education Languages : en Pages : 344
Book Description
With critical issues like desegregation and funding facing our schools, dissatisfaction with public education has reached a new high. Teachers decry inadequate resources while critics claim educators are more concerned with job security than effective teaching. Though urban education has reached crisis proportions, contending players have difficulty agreeing on a common program of action. This book tells why. Changing Urban Education confronts the prevailing naivete in school reform by examining the factors that shape, reinforce, or undermine reform efforts. Edited by one of the nation's leading urban scholars, it examines forces for change and resistance in urban education and proposes that the barrier to reform can only be overcome by understanding how schools fit into the broader political contexts of their cities. Much of the problem with our schools lies with the reluctance of educators to recognize the profoundly political character of public education. The contributors show how urban political contexts vary widely with factors like racial composition, the role of the teachers' union, and relations between cities and surrounding metropolitan areas. Presenting case studies of original field research in Baltimore, Chicago, Houston, and six other urban areas, they consider how resistance to desegregation and the concentration of the poor in central urban areas affect education, and they suggest how cities can build support for reform through the involvement of business and other community players. By demonstrating the complex interrelationship between urban education and politics, this book shows schools to be not just places for educating children, but also major employers and large spenders of tax dollars. It also introduces the concept of civic capacity—the ability of educators and non-educators to work together on common goals—and suggests that this key issue must be addressed before education can be improved. Changing Urban Education makes it clear to educators that the outcome of reform efforts depends heavily on their political context as it reminds political scientists that education is a major part of the urban mix. While its prognosis is not entirely optimistic, it sets forth important guidelines that cannot be ignored if our schools are to successfully prepare children for the future.
Author: Gonzalo Hernández Gutiérrez Publisher: ITESO ISBN: 607891040X Category : Business & Economics Languages : en Pages : 443
Book Description
Employees helps improve lives and creates a more dynamic economy. Throughout the book, the authors analyze and demonstrate how models of shared ownership can serve as building blocks towards shared prosperity and help counter the growing income disparity faced by many nations. (ITESO), (ITESO, Universidad)
Author: Eugene Y. Lowe Jr. Publisher: Princeton University Press ISBN: 0691225311 Category : Education Languages : en Pages : 223
Book Description
Issues of diversity and affirmative action have turned elite higher education in the United States into contested terrain. Rights revolutions in the country have raised hopes that have proved difficult to fulfill. Most particularly, expectations about access and opportunity--redressing the unfairness of the past--have collided with widely held beliefs: that educational institutions should treat each person fairly as an individual and should promote high academic standards. Promise and Dilemma gathers the reflections of a group of leading educators on whether and how objectives of diversity, equity, and excellence can be simultaneously pursued. Empirical in orientation, these essays focus on constructive proposals and on the role of social and political consensus. Furthermore, they contrast what we believe we know with what empirical data and institutional experience can teach us. Eugene Lowe's substantive introduction reviews the history of the practice of affirmative action in colleges and universities. The other essays are by L. Scott Miller of The College Board; Mamphela Ramphele, vice chancellor of the University of Cape Town; Neil J. Smelser of the Center for Advanced Study in the Behavioral Sciences, Stanford; and Claude M. Steele of Stanford University. Also included are commentaries by Randall Kennedy, Harvard Law School; Richard J. Light, John F. Kennedy School of Government, Harvard University; Chang-Lin Tien, the University of California, Berkeley; and Philip Uri Treisman, the University of Texas.
Author: Lucian A. Bebchuk
Author: Lucian A. Bebchuk
Author: Shad Saleem Faruqi
Author: Ian Ayres
Author: Deendayal Upadhyaya
Author: Clarence Nathan Stone
Author: Gonzalo Hernández Gutiérrez
Author: 
Author: 
Author: Eugene Y. Lowe Jr.
Author: Prahlad Kumar Basu