This paper examines the trajectory of pay-performance-sensitivity (PPS) in the years immediately after chief executive officers (CEOs) assume their positions. We show that PPS “steady state equilibrium” is not achieved overnight, but instead evolves through a process whereby CEO incentives...

We examine how financial theory and economic principles offer guidance and predictions about the organization of investments and asset allocation decisions given the structure of taxes in estate--planning situations. We provide insight about many of the conventional approaches to estate planning...