Text
CEO compensation and the responsibilities of the business scholar to society
The AFL-CIO's Executive PayWatch reports that the average CEO in the S&P 500 made $14.2 million in 2007. On Mar 1, 2007, Representative Barney Frank (D-MA) and 27 co-sponsors, all fellow Democrats, introduced House Resolution 1257. Representative Frank would like a firm's shareholders to approve or disapprove, in a nonbinding fashion, the compensation arrangements for their firm's senior executives. One week later, Steven Kaplan, a distinguished finance professor from the University of Chicago, offered testimony in sharp disagreement with the plan. Professor Kaplan vigorously defends US corporate governance practices. He argues that "there can be absolutely no doubt that the typical CEO in the US is paid for performance". Academic arguments must be attuned to questions of legitimacy, especially if scholars seek to challenge conventional thinking. The author believes that people need to honor society's trust by sharing a complete picture of the matter at hand, no matter its complexities and complications..Printed journal
Ketersediaan
| Call Number | Location | Available |
|---|---|---|
| AMP2202 | PSB lt.dasar - Pascasarjana | 1 |
| Penerbit | Briarcliff Manor, NY: Academy of Management 2008 |
|---|---|
| Edisi | Vol. 22, No. 2, May, 2008 |
| Subjek | Stock options Corporate governance Income inequality CEO compensation Social equity Pay For Performance Shareholder activism |
| ISBN/ISSN | 15589080 |
| Klasifikasi | NONE |
| Deskripsi Fisik | 8 p. |
| Info Detail Spesifik | Academy of Management Perspectives |
| Other Version/Related | Tidak tersedia versi lain |
| Lampiran Berkas |