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Indispensable and other myths : why the CEO pay experiment failed and how to fix it / / Michael Dorff



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Autore: Dorff Michael <1970-> Visualizza persona
Titolo: Indispensable and other myths : why the CEO pay experiment failed and how to fix it / / Michael Dorff Visualizza cluster
Pubblicazione: Berkeley, California ; ; Los Angeles, California ; ; London : , : University of California Press, , 2014
©2014
Descrizione fisica: 1 online resource (327 p.)
Disciplina: 658.4/072
Soggetto topico: Chief executive officers - Salaries, etc
Executives - Salaries, etc - United States
Compensation management - United States
Soggetto non controllato: american business
american economy
behavioral theory
big business
board members
bosses
business
capitalism
ceos
chief executive officer
compensation
corporate culture
corporate directors
corporate governance tools
corporate performance
corporations
economists
economy
era of guaranteed salaries
executive pay
human resource professionals
large salaries
leadership
motivation
performance pay
project management
stock options
Note generali: Includes index.
Nota di contenuto: Front matter -- Contents -- Acknowledgments -- 1. Introduction -- 2. The Puzzles of CEO Compensation -- 3. The Corporate Personality Myth -- 4. Market Mythology -- 5. Incentives Mythology -- 6. Performance Pay Mythology -- 7. Causation Mythology -- 8. Predictability Mythology -- 9. Alignment Mythology -- 10. Moving Forward -- Notes -- Index
Sommario/riassunto: Prodded by economists in the 1970's, corporate directors began adding stock options and bonuses to the already-generous salaries of CEO's with hopes of boosting their companies' fortunes. Guided by largely unproven assumptions, this trend continues today. So what are companies getting in return for all the extra money? Not much, according to the empirical data. In Indispensable and Other Myths: Why the CEO Pay Experiment Failed and How to Fix It, Michael Dorff explores the consequences of this development. He shows how performance pay has not demonstrably improved corporate performance and offers studies showing that performance pay cannot improve performance on the kind of tasks companies ask of their CEO's. Moreover, CEO's of large established companies do not typically have much impact on their companies' results. In this eye-opening exposé, Dorff argues that companies should give up on the decades-long experiment to mold compensation into a corporate governance tool and maps out a rationale for returning to the era of guaranteed salaries.
Titolo autorizzato: Indispensable and other myths  Visualizza cluster
ISBN: 0-520-95859-4
Formato: Materiale a stampa
Livello bibliografico Monografia
Lingua di pubblicazione: Inglese
Record Nr.: 9910786820903321
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