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This article is a response to Jack Bogle's and Jim Walsh's comments on the author's article "Are U.S. CEOs Overpaid?", in which he concluded that the typical US CEO is not overpaid. Walsh never addressed the basic argument that the rise in CEO pay, like the pay of other groups, has been driven largely by market forces. Rather, much of his energy was focused on his view that it is unfair that CEOs and the other groups are paid so much. In responding to the author's paper, Bogle largely acknowledged his empirical findings and agreed that the US CEO pay system can be improved. Bogle and the author fundamentally disagree, however, on the extent to which CEO pay is determined by market forces rather than managerial power. Like Walsh, he did not explain why other groups have seen their compensation rise by the same order of magnitude as CEOs, despite the arm's-length or market nature of their compensation arrangements..Printed journal
Call Number | Location | Available |
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PSB lt.dasar - Pascasarjana | 1 |
Penerbit | : The Academy of Management |
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Edisi | - |
Subjek | Chief executive officers Executive compensation Overpayment |
ISBN/ISSN | 15589080 |
Klasifikasi | - |
Deskripsi Fisik | - |
Info Detail Spesifik | - |
Other Version/Related | Tidak tersedia versi lain |
Lampiran Berkas | Tidak Ada Data |