Excess compensation.. Attack shortage violently or inflate compensation
Abstract
We investigate whether public opinion influences the level and structure of executive compensation. During 1992-2008, the negativity of press coverage of chief executive officer (CEO) pay varied significantly, with stock options being the most criticized pay component. We find that after more negative press coverage of CEO pay, firms reduce option grants and increase less contentious types of pay such as salary, although overall compensation does not change. The reduction in option pay after increased press negativity is more pronounced when firms, CEOs, and boards have stronger reputation concerns. Our within-firm, within-year identification shows the results cannot be explained by annual changes in accounting rules regarding executive compensation, stock market conditions, or pay mean reversion.
Journal Information
Management Science is a cross-functional, multidisciplinary examination of advances and solutions supporting enhanced strategic planning and management science. Includes relevant contributions from diverse fields: Accounting and finance Business strategy Decision analysis Information systems Manufacturing and distribution Marketing Mathematical programming and networks Organization performance Public sector applications R&D;/innovation Stochastic models and simulation Strategy and design Supply chain management
Photo excess compensation.. Synthesis of the individual types of ridiculous behavior to attract the attention of others. Both cross the area to the area of personal ill
Photo excess compensation
- excessive compensation may take photographs perverted was faking the individual kinds of ridiculous behavior to attract the attention of others, and invent false stories and false.
- may take pictures of aggressive, to prove the individual to the people, that he is weak, and has a strength that defies the law
- may take pictures of the degeneration of the individual would in front of others in the hope that people Imitdha, and the ability of the EMG ... If lasting talk about himself, that he is unable not good for nothing, but continue, landed the same individual, may make others accused of the sins he did not commit, and here have both passed the area to the area of personal ill.