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Executive Stock-Based Compensation : A Case Study in Valuing Employee Stock Options and Restricted Stock Issues in a Breach of Contract Case

Steward, Dwight - 2010

In this case study, the former CEO of a large telecommunication company filed a lawsuit against her former employer that alleged that the company's contract breach resulted in the loss ESO grants and diminished the value of the vested ESOs that she held at the time of the alleged contract...

Persistent link: https://www.econbiz.de/10013147170

Stock-Based Compensation and CEO (Dis)Incentives

Benmelech, Efraim - 2008

Stock-based compensation is the standard solution to agency problems between shareholders and managers. In a dynamic … managers to work harder, it also induces them to hide any worsening of the firm's investment opportunities by following largely …-valued while managers hide the bad news to shareholders. We find that a firm-specific compensation package based on both stock and …

Persistent link: https://www.econbiz.de/10012464915

Moneycracy

Fedele, Alessandro; Giannoccolo, Pierpaolo - 2013

How do wage and other financial benefits affect the set of candidates for political office? In this theoretical paper, we answer the question by studying self-selection into politics of individuals with heterogeneous skills and heterogeneous motivations. Our predictions are in line with the...

Persistent link: https://www.econbiz.de/10011730987

Executive Compensation and Incentives : The Impact of Takeover Legislation

Bertrand, Marianne - 1998

We investigate the impact of changes in states' anti-takeover legislation on executive compensation. We find both pay for performance sensitivities and mean pay increase for the firms affected by the legislation (relative to a control group). These findings are partially consistent with an...

Persistent link: https://www.econbiz.de/10012471981