Download or read book Pay Without Performance written by Lucian A. Bebchuk and published by Harvard University Press. This book was released on 2004 with total page 308 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Download or read book The Annual Report of the Office of Personnel Management written by United States. Office of Personnel Management and published by . This book was released on 1979 with total page 138 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Financial Report of the United States Government written by and published by . This book was released on 2007 with total page 192 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Monthly Catalog of United States Government Publications written by and published by . This book was released on 1971 with total page 1388 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Annual Report of the Interagency Advisory Group written by United States Civil Service Commission. Interagency Advisory Group and published by . This book was released on 1976 with total page 124 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Report of the Commission on Executive Legislative and Judicial Salaries written by United States. Commission on Executive, Legislative, and Judicial Salaries and published by . This book was released on 1968 with total page 204 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Report of the Commission on Executive Legislative and Judicial Salaries written by United States. Commission of Executive, Legislative and Judicial Salaries and published by . This book was released on 1976 with total page 108 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Public Management Occasional Papers Senior Civil Service Pay A Study of Eleven Countries 1980 1991 No 4 written by OECD and published by OECD Publishing. This book was released on 1994-10-19 with total page 71 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study offers is a limited "snapshot" of basic pre-tax pay for senior civil servants.
Download or read book Monthly Catalog of United States Government Publications Cumulative Index written by United States. Superintendent of Documents and published by . This book was released on 1976 with total page 1408 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Report and Recommendations of the National Commission on the Public Service written by United States. National Commission on the Public Service and published by . This book was released on 1989 with total page 328 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Top Pay in the Public Sector written by Great Britain: Parliament: House of Commons: Public Administration Select Committee and published by The Stationery Office. This book was released on 2009 with total page 76 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report calls for a Top Pay Commission to 'name and shame' public sector organisations that pay excessive salaries to their top officials. The Commission would produce principles and benchmarks to be followed by pay setters and would be able to launch investigations where these were breached. PASC believes a Top Pay Commission would ensure greater coherence to the setting of top pay across the public sector. PASC concludes that massive increases in private sector executive salaries over the last ten years have led to smaller, but sometimes still very large, increases at the top of the public sector. This 'contagion effect' has meant that the highest salaries in both sectors have increased much faster than average earnings. PASC also identified a number of weaknesses with current arrangements for setting pay in the public sector. These include variable levels of transparency, tensions between devolved and centralised pay setting systems, a perception that some public servants have been rewarded for failure and a tendency for some parts of the public sector to compete against others for a small number of experienced candidates, rather than growing talent internally. Some of the Committee's other key recommendations include: a call for better human resource management across the public sector, to ensure talent is promoted from within and failure is not rewarded; recommendations that would lead to publication of salaries and bonuses across the public sector more in line with the requirements placed on listed companies; and a proposal to ensure all public sector executive reward packages are drawn up either by independent bodies or remuneration committees with a majority of independent members
Download or read book Federal Register written by and published by . This book was released on 2013-06 with total page 364 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Government Code written by Texas and published by . This book was released on 2000 with total page 556 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Intermediate Report of the Committee on Government Operations written by United States. Congress. House. Committee on Government Operations and published by . This book was released on 1970 with total page 1224 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Fear and Ferment Public Sector Management Today written by John W. Langford and published by Institute of Public Administration of Canada. This book was released on 1986 with total page 190 pages. Available in PDF, EPUB and Kindle. Book excerpt: From the Prefatory Note: ...some 250 public service sector managers came together from April 23 to 23 1986, to reflect on the impact that contemporary changes in their environment were having on their work as managers. They were joined by a small number of academics, consultants and private sector managers. The conference consisted of plenary sessions on restraint, contracting out, information technology, public access to information, conflict of interest, risk taking, employment equity and political rights....The ninth and final plenary session was a panel discussion on the question of whether or not a new model was emerging for the public sector manager. What follows is a summary of the discussion at the conference and a collection of plenary and workshop papers around the nine themes.
Download or read book Treasury Postal Service and General Government Appropriations for Fiscal Year 1992 Administrative Conference of the United States pt 5 General Services Administration written by United States. Congress. House. Committee on Appropriations. Subcommittee on the Treasury, Postal Service, and General Government Appropriations and published by . This book was released on 1991 with total page 844 pages. Available in PDF, EPUB and Kindle. Book excerpt:
