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- Title
Are U.S. CEOs Overpaid? A Partial Response to Kaplan.
- Authors
Walsh, James P.
- Abstract
The article presents a response by the author to the management research of Steven Kaplan, previously published by the journal, and the ongoing debate between the two writers regarding chief executive officer (CEO) compensation. Three points of the author's original statistical research on levels of executive pay in the United States are addressed. The initial statistics for percentages of CEO ownership of total firm sales are corrected. The empirical tracking of new and exercised option grants by CEOs is discussed. Final points are included questioning the underlying paradigm of firm assessment.
- Subjects
UNITED States; CHIEF executive officers; EXECUTIVE compensation; PROFIT accounting; EMPLOYEE benefit accounting; PERFORMANCE evaluation
- Publication
Academy of Management Perspectives, 2009, Vol 23, Issue 1, p73
- ISSN
1558-9080
- Publication type
Article
- DOI
10.5465/AMP.2009.37008004