Larcker, David F.; Tayan, Brian - 2023
Recent years have seen a reemergence of the practice of awarding “mega grants” to CEOs. Mega grants are large, one … to the CEO to achieve long-term targets. The practice of awarding mega grants is controversial because of their size. In …:• Why would a board draw attention and controversy to itself by awarding a mega grant to its CEO?• What added incentive does …