Value at the top: solutions to the executive compensation crisis

Front Cover
HarperBusiness, Jun 19, 1992 - Business & Economics - 246 pages
A revealing examination into how top executives are driven by their compensation packages to undertake strategies far riskier than their shareholders desire--with practical solutions that can protect company assets.

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Value at the top: solutions to the executive compensation crisis

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Along with certain athletes and pop stars, highly paid executives continue to see their pay stubs revealed and reviled in the news media. Kay, an economist and consultant with the Hay Group ... Read full review

Contents

The Problem with Risk When Its a OneWay
17
The CEO Labor Market Is There Pay
46
Executive Compensation as a Cause of Takeovers
97
Copyright

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About the author (1992)

Ira T. Kay, global practice director of executive compensation consulting at Watson Wyatt Worldwide in Washington, DC, is a nationally recognized expert on executive compensation. He has helped U.S. public, private, and international companies develop annual and long-term incentive plans to increase shareholder value. Dr. Kay has written and spoken extensively on executive compensation issues and conducted research on executive pay, stock ownership, and stock options. He is coauthor of the book The Human Capital Edge and is the author of CEO Pay and Shareholder Value: Helping the U.S. Win the Global Economic War and Value at the Top: Solutions to the Executive Compensation Crisis. Dr. Kay has published articles in the Harvard Business Review, McKinsey Quarterly, Journal of Deferred Compensation, and Across the Board. He has also presented analysis of executive compensation issues before the Federal Reserve Board, the Securities and Exchange Commission, the Financial Accounting Standards Board, and a U.S. Senate subcommittee. He is frequently quoted in the major business press and speaks globally on executive compensation issues.