Fact of the Day: CEO Pay
Posted: May 8, 2012 Filed under: CEO Pay Leave a comment »
http://gregmankiw.blogspot.com/2012/05/ceo-pay.html
Are CEOs paid their value added?
Posted: November 29, 2011 Filed under: CEO Pay, Executive Pay, Uncategorized Leave a comment »Sent to you via Google Reader
Are CEOs paid their value added?
CEO Compensation — by Carola Frydman, Dirk Jenter
Posted: December 6, 2010 Filed under: CEO Pay, Executive Pay, Uncategorized Leave a comment »Sent to you via Google Reader
CEO Compensation — by Carola Frydman, Dirk Jenter
This paper surveys the recent literature on CEO compensation. The rapid rise in CEO pay over the past 30 years has sparked an intense debate about the nature of the pay-setting process. Many view the high level of CEO compensation as the result of powerful managers setting their own pay. Others interpret high pay as the result of optimal contracting in a competitive market for managerial talent. We describe and discuss the empirical evidence on the evolution of CEO pay and on the relationship between pay and firm performance since the 1930s. Our review suggests that both managerial power and competitive market forces are important determinants of CEO pay, but that neither approach is fully consistent with the available evidence. We briefly discuss promising directions for future research.
Winner take-all economics
Posted: September 13, 2010 Filed under: CEO Pay, Uncategorized, Wealth Leave a comment »Sent to you via Google Reader
Winner take-all economics
Bank Pay and the Financial Crisis
Posted: July 13, 2010 Filed under: CEO Pay, Financial Crisis Leave a comment »Regulations homogenize. The Basel rules imposed on the whole banking system a single idea about what makes for prudent banking. Even when regulations take the form of inducements rather than prohibitions, they skew the risk/reward calculations of all capitalists subject to them. The whole point of regulation is to make those being regulated do what the regulators predict will be beneficial. If the regulators are mistaken, the whole system is at risk.
http://online.wsj.com/article/SB10001424052970204488304574429293838639418.html?mod=djemEditorialPage
