An Introduction to Executive Compensation
Download or Read eBook An Introduction to Executive Compensation PDF written by Steven Balsam and published by Academic Press. This book was released on 2002 with total page 410 pages. Available in PDF, EPUB and Kindle.
| Author | : Steven Balsam |
| Publisher | : Academic Press |
| Total Pages | : 410 |
| Release | : 2002 |
| ISBN-10 | : 0120771268 |
| ISBN-13 | : 9780120771264 |
| Rating | : 4/5 (68 Downloads) |
Book Synopsis An Introduction to Executive Compensation by : Steven Balsam
Book excerpt: General readers have no idea why people should care about what executives are paid and why they are paid the way they are. That's the reason that The Wall Street Journal, Fortune, Forbes, and other popular and practitioner publications have regular coverage on them. This book not only proposes a reason - executives need incentives in order to maximize firm value (economists call this agency theory) - it also describes the nature and design of executive compensation practices. Those incentives can take the form of benefits (salary, stock options), or prerquisites (reflecting the status of the executive within the organizational culture.
