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Who Should Set CEO Pay? The Press? Congress? Shareholders?
內容大綱
Media critics charge that CEOs with outrageous salaries are running U.S. corporations into the ground. Politicians claim overpaid CEOs are the root cause of the U.S. competitiveness problem. Add a recessionary business climate to the fact that some CEOs earn 130 times more than their lowest paid employees and you have the makings of a populist rebellion. Most U.S. corporations use stock compensation to link company long-term performance to executive salaries. Rather than cut executive pay, corporations should extend incentive-based compensation plans to all employees, thus narrowing the salary gap and establishing pay-for-performance at every level of the organization.