| Registro completo |
| Provedor de dados: |
AgEcon
|
| País: |
United States
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| Título: |
Executive Compensation: Facts
|
| Autores: |
Clementi, Gian Luca
Cooley, Thomas
|
| Data: |
2010-08-04
|
| Ano: |
2010
|
| Palavras-chave: |
CEO
Pay–Performance Sensitivity
Stock
Options
Financial Economics
G34
J33
M52
|
| Resumo: |
In this paper we describe the important features of executive compensation in the US from 1993 to 2006. Some confirm what has been found for earlier periods and some are novel. Notable facts are that: the compensation distribution is highly skewed; each year, a sizeable fraction of chief executives lose money; the use of security grants has increased over time; the income accruing to CEOs from the sale of stock increased; regardless of the measure we adopt, compensation responds strongly to innovations in shareholder wealth; measured as dollar changes in compensation, incentives have strengthened over time, measured as percentage changes in wealth, they have not changed in any appreciable way.
|
| Tipo: |
Working or Discussion Paper
|
| Idioma: |
Inglês
|
| Identificador: |
http://purl.umn.edu/92834
|
| Relação: |
Fondazione Eni Enrico Mattei (FEEM)>Institutions and Markets Papers
IM
89.2010
|
| Formato: |
44
|
