What’s Wrong with Executive Compensation?

CEO incentives-its not how much you pay, but how.

The arrival of spring means yet another round in the national debate over executive compensation. But the critics have it wrong. The relentless attention on how much CEOs are paid diverts public attention from the real problem-how CEOs are paid. The authors present an in-depth statistical analysis of executive compensation. The study incorporates data on thousands of CEOs spanning five decades....

Board Compensation and Risk-Taking: The Moderating Role of CEO Duality (Evidence from Banking Industry)

  The purpose of this paper is to explore relationship between board compensation and risk taking with regard to CEO duality in the banking industry. Using a panel data regression model, with regard to optimal contracting and managerial power theory, we examined the data to determine the relationship between board compensation and risk taking of twenty one banks, for the period 2012 to 2018. R...

What ’ s Right , What ’ s WRong , and What ’ s Fixable

ExEcutivE compEnsation has suddEnly bEcomE a high-profile topic about which almost everyone has an opinion. Many shareholders, workers, and politicians believe that the entire system is broken and requires a substantial overhaul. The purpose of this piece is to take a hard look at the facts and assess whether the situation is as bad as some people fear. It also proposes the “Incentive Account” ...

What’s Wrong with South African Schools?

Questioning Astrophysics and Revealing Connections between Stellar Ignition , Luminous

Ours is a time of unparalleled richness in astronomical observations, but understanding seems to be absent throughout broad areas of astrophysics. Among some groups of astrophysicists there appears to be measured degrees of consensus, as indicated by the prevalence of so-called “standard models”, but in science consensus is nonsense; science is a logical process, not a democratic process, and l...