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Product Description
Pay without Performance: The Unfulfilled Promise of Executive Compensation (9780674022287): Lucian Bebchuk, Jesse Fried: Books. Bebchuk and Fried present a powerful challenge to financial economists' view that compensation arrangements are designed by boards seeking to increase shareholder value. They offer a compelling account of how managers' influence has distorted executive pay. By showing how boards have failed to guard shareholder interests, Bebchuk and Fried raise fundamental questions concerning our corporate governance system and lay the ground for their proposed reforms. Their work will shape debates on executive compensation and corporate governance for years to come. (Joseph Stiglitz, Nobel Laureate in Economics, and author of The Roaring Nineties 20041203)
Shipping Weight: 2 pounds
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