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A struggle is taking place--not just among corporate titans, but among entire industries. At stake is the communications industry. The contestants are Hollywood studios, television networks, and cable, telephone, computer, publishing, and consumer-electronics companies. The author takes the reader behind the scenes at such companies as Disney, Viacom, Microsoft, Time Warner, and Telecommunications, Inc. He chronicles the vanities and visions of such...
Author
Description
"Pay without Performance presents a disconcerting portrait of executives' power to influence their own pay - and of the structural defects in corporate governance that give them this power. As this book demonstrates, boards have persistently failed to negotiate at arm's length with the executives they are meant to oversee. Lucian Bebchuk and Jesse Fried give a richly detailed account of how pay practices - from option plans to retirement benefits...
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