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- Title
Avoiding the Dangers of the Pay/Performance Gap.
- Authors
Raiborn, Cecily; Payne, Dinah
- Abstract
The article focuses on the compensation packages of executives in the U.S. Despite lower profits, massive layoffs, and erratic stock prices, many executive compensation packages are fatter than ever. Critics say there's a big gap between pay and performance. Poor performance is often lavishly rewarded, while the company's fortunes declined. The salaries of executives are only weakly tied to their companies' performance. For example, in 1990, when corporate profits fell by 6.8 percent, a survey found that the median increase in annual compensation, including salaries and bonuses, was 6.7 percent.
- Subjects
EXECUTIVE compensation; WAGES; CORPORATE profits; CORPORATE finance; FINANCIAL performance; UNREASONABLE compensation
- Publication
Journal of Corporate Accounting & Finance (Wiley), 1992, Vol 4, Issue 1, p75
- ISSN
1044-8136
- Publication type
Article
- DOI
10.1002/jcaf.3970040110