An introduction to executive compensation / Steven Balsam.

Format:

Book

Author/Creator:

Balsam, Steven.

Language:

English

Subjects (All):

Executives--Salaries, etc.

Executives.

Physical Description:

1 online resource (405 p.)

Other Title:

Executive compensation

Place of Publication:

San Diego : Academic Press, c2002.

Language Note:

English

Summary:

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), perquisites (reflecting the status of

Contents:

Cover; Copyright Page; Contents; Acknowledgments; PART I: An Introduction; Chapter 1. Introduction; I. Introduction and Overview; II. Owner-Manager Conflict: Agency Theory; III. Other Theories Explaining and Influencing Executive Compensation; IV. External Influences on the Compensation Package; V. Sources of Data on Executive Compensation; Appendix 1.1. Item 402 of SEC Regulation S-K; Chapter 2. Overview of the Compensation Package; I. Introduction; II. Compensation Package; III. Usage of Major Components of Compensation; IV. Relative Importance of Components of a Compensation Package

V. Magnitude of Compensation PackageVI. Relative Pay of CEOs to Other Top Executives; VII. Summary; Appendix 2.1. An Introduction to Option Pricing Models; Chapter 3. An Introduction to Designing the Executive Compensation Contract; I. Introduction; II. Making the Offer Attractive; III. Providing the Proper Incentives; IV. Designing the Contract to Retain the Executive; V. Minimize Costs to the Corporation; VI. Summary; PART II: The Components of the Compensation Package; Chapter 4. Salary; I. Introduction; II. Incentives; III. Affect on Willingness to Take Risks; IV. How Much?

V. Equity IssuesVI. Political Costs; VII. Financial Consequences; VIII. Summary; Appendix 4.1; Chapter 5. Bonuses: Short- and Long-Term; I. Introduction; II. Incentives; III. Effectiveness of Bonus Plans; IV. Political Costs; V. Financial Consequences; VI. Summary; Appendix 5.1. Bonus Formula from Contract Between David A. Stonecipher and Jeffersonpilot Corporation Dated September 15, 1997; Appendix 5.2. Lucent Technologies Inc. 1996 Long Term Incentive Program; Chapter 6. Stock Grants and Options; I. Introduction; II. Incentives; III. Costs; IV. Incentive Effect Versus Dilutive Effect

V. Effectiveness of Stock-Based CompensationVI. Macro-Market Effects; VII. Alternatives; VIII. Financial Consequences; IX. Political Costs; X. Summary; Appendix 6.1. Nonqualified Stock Option Award Agreement Under the 1989 Stock Incentive Plan; Appendix 6.2. Restricted Stock Award Agreement Under the 1989 Stock Incentive Plan; Appendix 6.3. 422 Incentive Stock Options; Chapter 7. Deferred Compensation; I. Introduction; II. Funding Limitations; III. Incentives; IV. Political Costs; V. Financial Consequences; VI. Summary

Appendix 7.1. Executive Pension Benefits from General Motors Proxy Statement Filed April 20, 1999Appendix 7.2. Senior Officer Excess Benefit Agreement; PART III: Related Issues; Chapter 8. Ownership of the Corporation; I. Introduction; II. The Affect of Executive Ownership on Incentives; III. The Effect of Executive Ownership on Executive Compensation; IV. The Effect of Director's Ownership on Executive Compensation; V. The Effect of Large Shareholders and Institutional Ownership on Executive Compensation; VI. Summary; Chapter 9. Corporate Governance; I. Introduction

II. Director Compensation

Notes:

Description based upon print version of record.

Includes bibliographical references (p. 359-373) and index.

ISBN:

1-281-00492-8

9786611004927

0-08-049042-5

OCLC:

476059161