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Fair Pay, Fair Play
By: Robin A. FerraconeeBook Publisher: John Wiley & Sons
Imprint: Jossey-Bass
Format: ePub Encrypted (DRM)
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A timely look at how to evaluate and determine executive pay
Recognized as the leading expert on executive compensation, Robin Ferracone combines her own 20 years of experience with interviews with executives and compensation committees to provide a clear examination of and guidance on determining pay packages, actions, and designs. and Over the past 25 years, the author has created a database of executive pay across 44,000 companies, broken down by company performance, company revenue and industry. Using this data, the author provides boards and individuals evaluating executive pay with the ability to analytically determine an appropriate compensation package. Provides real-life stories, perspectives, and insights from thought leaders on executive compensation Contains interview with compensation committee members, executives, academicians, government leaders, and shareholder activists Research based on 44,000 companies broken down by performance, revenue and industry
Offers a timely resource on a hot button topic.
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| Title of Business & Economics eBook: Fair Pay, Fair Play | |
| Release Date: 05-27-2010 | |
| Publisher: Jossey-Bass |
This eBook download is available in the following formats:
| Parent title | Fair Pay, Fair Play |
|---|---|
| Encrypted (DRM) | Yes |
| SKU | 9780470612897 |
| File size | 2633 |
| Security | n/a |
| Printing | Not allowed |
| Copying | Not allowed |
| Read aloud | No Sys requirements Download reader |
| Devices | Samsung Tablet, Apple Ipad & Iphone, Barnes & Noble Nook, Kobo eReader, Aluratek Libre, Iliad, Nokia, Blackberry, Hanlin |
| Note | Excellent navigation features are available via Adobe such as bookmarks and a quick access table of contents. Text search is easily accessible. An Adobe DRM-protected file is different than a pdf file in that it uses Adobe DRM (Digital Rights Management) technology, which authors and publishers use to protect their content from illegal online distribution and to set certain privileges such as restrictions on copying and printing. |
Fair Pay, Fair Play
Chapter One
SAME PROBLEMS, DIFFERENT CONTEXT
A Case in Point
When I walked into the boardroom, I saw four compensation committee members staring at me, eager to hear my presentation on how to retain the CEO of this publicly traded, high-flying company. The CEO had enjoyed meteoric performance, but he was threatening to quit if he didn't receive a generous helping of restricted stock as part of his new employment agreement.
Weeks earlier, I had been called by the chairman of the compensation committee to provide advice to the committee regarding this matter. And while the members of the committee said they wanted my opinion concerning what they should do, my hunch was that they really wanted me to bless the CEO's requested grant.
Like most board and compensation committees, this one wanted to be supportive. It would be easier to say "yes" than "no." Further, the compensation committee thought that the CEO was doing a splendid job. The stock price had risen more than 50% since the CEO had taken charge three years prior. They figured that the company would be at considerable risk if they lost their "rock star" leader. After all, there was no successor in sight. On the other hand, the committee realized that what the CEO wanted was "over the top," and that they could be subject to undue criticism if they approved the requested package, particularly without an outside, objective opinion.
My report was not a surprise. I had telegraphed my preliminary findings well in advance of the meeting. My analysis showed that the requested grant would put the
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