Too much is not enough : incentives in executive compensation

Cover Page -- Title Page -- Copyright Page -- Dedication -- Contents -- Preface -- 1. The Magnitude and Structure of Executive Compensation -- The Magnitude of CEO Compensation -- The Structure of Executive Compensation -- Salary -- Bonuses and Long-Term Incentive Plans -- Restricted Stock Awards -- Executive Stock Option (ESO) Awards -- Other Forms of Compensation -- 2. Corporate Governance, Agency Problems, and Executive Compensation -- Corporate Governance -- Agency Theory and Incentive Alignment -- Corporate Governance, Incentive Alignment, and the Managerial Power Hypothesis -- The Levers of Managerial Power -- Limits to Pay in the Managerial Power Hypothesis -- Assessing the Conceptual Conflict Between the Agency-Theoretic and Managerial Power Views of Executive Compensation -- What About Ethics, Duty, and Justice? -- Fiduciary Duty -- Executive Compensation and Distributive Justice -- 3. The Incentive Structure of Executive Compensation -- The Incentive Revolution and Executive Compensation -- Salary -- Bonuses -- Restricted Stock and Performance Shares -- Executive Stock Options -- Equity Compensation: Retaining the Employees You Have and Attracting the Ones You Want -- Different Instruments as Tools of Incentive Compensation -- 4. Executive Stock Options and the Incentives They Create -- ESO Incentives, Firm Practices, and the Effect of Accounting Rules -- Option Pricing Models -- Option Valuation Effects of Individual Option Parameters -- The Option Pricing Model and Incentives -- Executive Stock Option Design, Management, and Incentives -- What Exercise Price? -- Repricing and Reloading Executive Stock Options -- The CEO's Utility and the Desire for ESOs -- 5. Executive Stock Option Design, Management, and Incentives -- CEO Wealth, Pay, and Performance -- Exercise of ESOs -- Unwinding Incentives.