Indispensable and Other Myths is popular PDF and ePub book, written by Michael Dorff in 2014-08-01, it is a fantastic choice for those who relish reading online the Political Science genre. Let's immerse ourselves in this engaging Political Science book by exploring the summary and details provided below. Remember, Indispensable and Other Myths can be Read Online from any device for your convenience.
Indispensable and Other Myths Book PDF Summary
Prodded by economists in the 1970s, corporate directors began adding stock options and bonuses to the already-generous salaries of CEOs with hopes of boosting their companies’ fortunes. Guided by largely unproven assumptions, this trend continues today. So what are companies getting in return for all the extra money? Not much, according to the empirical data. In Indispensable and Other Myths: Why the CEO Pay Experiment Failed and How to Fix It, Michael Dorff explores the consequences of this development. He shows how performance pay has not demonstrably improved corporate performance and offers studies showing that performance pay cannot improve performance on the kind of tasks companies ask of their CEOs. Moreover, CEOs of large established companies do not typically have much impact on their companies’ results. In this eye-opening exposé, Dorff argues that companies should give up on the decades-long experiment to mold compensation into a corporate governance tool and maps out a rationale for returning to the era of guaranteed salaries.
Detail Book of Indispensable and Other Myths PDF
- Author : Michael Dorff
- Release : 01 August 2014
- Publisher : Univ of California Press
- ISBN : 9780520958593
- Genre : Political Science
- Total Page : 327 pages
- Language : English
- PDF File Size : 21,5 Mb
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