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Description - Pay without Performance by Lucian Bebchuk

The company is underperforming, its share price is trailing, and the CEO gets ...a multimillion-dollar raise. This story is familiar, for good reason: as this book clearly demonstrates, structural flaws in corporate governance have produced widespread distortions in executive pay. "Pay without Performance" presents a disconcerting portrait of managers' influence over their own pay - and of a governance system that must fundamentally change if firms are to be managed in the interest of shareholders.

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Book Details

ISBN: 9780674022287
ISBN-10: 0674022289
Format: Paperback
(235mm x 155mm x 19mm)
Pages: 304
Imprint: Harvard University Press
Publisher: Harvard University Press
Publish Date: 29-Sep-2006
Country of Publication: United States

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Author Biography - Lucian Bebchuk

Lucian Bedchuk is William J. Friedman and Alicia Townsend Friedman Professor of Law, Economics, and Finance at Harvard Law School. Jesse Fried is Professor of Law at the Boalt Hall School of Law, University of California, Berkeley.