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Indispensable and other myths : why the CEO pay experiment failed and how to fix it / [electronic resource]

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개인저자Dorff, Michael, 1970-
서명/저자사항Indispensable and other myths[electronic resource] :why the CEO pay experiment failed and how to fix it /Michael B. Dorff.
발행사항Berkeley : University of California Press, c2014.
형태사항1 online resource.
ISBN9780520958593 (electronic bk.)
0520958594 (electronic bk.)
서지주기Includes bibliographical references and index.
내용주기Introduction -- The puzzles of CEO compensation -- The corporate personality myth -- Market mythology -- Incentives mythology -- Performance pay mythology -- Causation mythology -- Predictability mythology -- Alignment mythology -- Moving forward.
요약Prodded by economists in the 1970s, corporate directors began adding stock options and bonuses to the already-generous salaries of CEOs 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 CEOs. Moreover, CEOs of large established companies do not typically have much impact on their companies' results. In this eye-opening expose?, 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.
일반주제명Chief executive officers -- Salaries, etc.
Executives -- Salaries, etc. -- United States.
Compensation management -- United States.
BUSINESS & ECONOMICS / Industrial Management.
BUSINESS & ECONOMICS / Management.
BUSINESS & ECONOMICS / Management Science.
BUSINESS & ECONOMICS / Organizational Behavior.
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기타형태 저록Print version:Dorff, Michael, 1970-Indispensable and other myths.Berkeley : University of California Press, c20149780520281011
대출바로가기http://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&db=nlabk&AN=771351

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