9781422101179

Ceo Pay And What to Do About It

  • ISBN 13:

    9781422101179

  • ISBN 10:

    1422101177

  • Edition: 1st
  • Format: Hardcover
  • Copyright: 04/24/2018
  • Publisher: Harvard Business School Pr

Note: Not guaranteed to come with supplemental materials (access cards, study guides, lab manuals, CDs, etc.)

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Summary

In this book proposes a whole new system for incenting managers to act in the best interests of company owners. Reversing his earlier position-that companies probably weren't paying enough to attract the best executive talent-Jensen and his coauthors are now positing that, in fact, pay packages can be too high and too risk-free, causing otherwise highly talented managers to act in ways that destroy corporate value.The authors have identified the critical missing link in current incentive plans, namely that link between a manager's effectiveness in executing strategy and the capital market's valuation of the results, which they call strategic value accountability. They explain how it works and how to devise a plan that holds top managers accountable for creating long-term strategic value.

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