Search Results
Journal Article
Interview : Randall Kroszner
Journal Article
Interview : Robert Litan
Journal Article
Interview : Mickey Levy
Journal Article
Interview : Robert Moffitt
Journal Article
Interview: Martin Baily
Journal Article
Interview : Al Broaddus and Tom Humphrey
Journal Article
Federal Reserve: William McChesney Martin Jr. : a reevaluation
Journal Article
CEO compensation : trends, market changes, and regulation
The average pay of a chief executive officer (CEO) in a top U.S. firm has increased six-fold in the last three decades. Simultaneously, the composition of pay has moved away from salary-based and increasingly toward performance-based compensation in the form of stock grants and stock option grants. This has strengthened the link between CEO pay and firm performance. Anecdotal evidence on the recent corporate fraud scandals suggests that some incentive problems remain unsolved. However, the academic literature reviewed in this article concludes that changes in market characteristics and the ...