Determinants of excessive executive compensation

A Compensation Comparison: Determinants of Compensation for Chief Executive Officers and University Presidents

Is Injury Compensation Excessive?

There is widely perceived to be a public liability crisis in Australia. This paper analyses whether court awards for injuries are excessive. The paper has two main parts. The first part outlines a normative basis for the sizes of awards based on the principles of welfare economics and the amounts that individuals would be willing to pay to avoid injuries. It shows the kinds of compensation sums...

The Taxation of Executive Compensation

Over the past 20 years, there has been a dramatic increase in the share of executive compensation paid through stock options. We examine the extent to which tax policy has inuenced the composition of executive compensation, and discuss the implications of rising stock-based pay for tax policy. We begin by describing the tax rules for executive pay in detail and analyzing how changes in various...

Agency Models of Executive Compensation

We would like to thank Kenneth Judd and Madhav Rajan for their helpful comments.

Seven Myths of Executive Compensation

IntroductIon Executive compensation is perhaps the most contentious issue in corporate governance today. Common consensus holds that CEOs of publicly traded U.S. corporations, particularly the largest U.S. corporations, are overpaid. It is also widely believed that the structure of CEO pay is inappropriate, that rewards are offered without regard to performance, and that compensation design enc...