reducing the saliency of the amount of their pay and the extent to which that pay is de-coupled from managers' performance. We …

This paper develops a model of the causes and consequences of misreporting of corporate performance. Misreporting in …

In a recent book, Pay without Performance: The Unfulfilled Promise of executive Compensation, we critique existing … to arrangements that make the amount and performance-insensitivity of pay less transparent. Finally, we outline our … proposals for improving the transparency of executive pay, the connection between pay and performance, and the accountability of …

unrelated to their own performance.- Fourth, both when promising retirement payments to executives and when making theses …

of existing estimates of executive pay, its variability, and its sensitivity to performance.We study the pension … extent to which executive pay is linked to performance.Our analysis demonstrates that the SEC new disclosure rules, which … amounts of performance-insensitive compensation via executive pensions …