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Executive Remuneration and Employee Performance-Related Pay: A Transatlantic Perspective

Tito Boeri, Claudio Lucifora, and Kevin J. Murphy

Abstract

Part one: The book traces the evolution of executive compensation, its controversies and its resulting regulations, by comparing US and European CEOs. It shows that many features of current executive compensation practices reflect the often-unintended consequences of regulatory responses to perceived abuses in top-executive pay, often stemming from relatively isolated events or situations. Regulation always creates unintended (and usually costly) side effects and it is often inherently driven by politicians more interested in their political agendas rather than creating shareholder value. Impr ... More

Keywords: incentive scheme, executive compensation, government regulations, employee performance, policy implication, financial crisis

Bibliographic Information

Print publication date: 2013 Print ISBN-13: 9780199669806
Published to Oxford Scholarship Online: May 2013 DOI:10.1093/acprof:oso/9780199669806.001.0001

Authors

Affiliations are at time of print publication.

Tito Boeri, editor
Fondazione Rodolfo Debenedetti and Bocconi University

Claudio Lucifora, editor
Università Cattolica del Sacro Cuore

Kevin J. Murphy, editor
University of Southern California