Englmaier, Florian; Illing, Gerhard; Tsadḳah, Efrayim - In: CESifo economic studies : CESifo, a joint initiative of … 55 (2009) 3/4, pp. 399-404
The issue of how to remunerate executives has been hotly debated, at least as far back as Berle and Means (1932) who first stressed the separation of ownership and control and the emergence of a powerful class of professional managers. But for a long time the debate had been largely restricted...
