1st Edition

CEO Pay and Shareholder Value Helping the U.S. Win the Global Economic War

By Ira T. Kay Copyright 1997
    160 Pages
    by CRC Press

    U.S. executive pay, particularly that of CEOs, has been under serious attack for nearly a decade. Despite the fact that tying executive performance and pay to stock price has appeared to have substantially benefited the U.S. economy, this criticism has not subsided. CEO Pay and Shareholder Value challenges some assumptions behind this criticism by addressing these pertinent questions and more:

    Is There Pay for Performance?
    We All Benefit When CEOs Perform
    The Role of Executive Pay in the Global Economic War: A Comparison of the United States, Japan, and Europe
    The Revolution in U.S. Corporate Governance and Its Impact on Executive Compensation
    Synchronized Pay: A Solution for Improving All-Employee Performance
    U.S. Executive Stock Ownership: A Source of Competitive Advantage
    Epilogue: What if the Bulls Stop Running?
    Selected Bibliography
    Appendix A: Types of Long-Term Incentive Plans
    Appendix B: The "Value" of an Employee Stock Option: A Brief Discussion of the Black-Scholes Option Pricing Model


    Ira T. Kay