During the last decade, the stratospheric increases in Chief Executive Officer (CEO) pay levels have made executive compensation a popular target for shareholder activism, particularly when high pay is accompanied by poor corporate performance. Outraged investors have made their views know to...

U.S. Chief Executive Officers (“CEOs”) remain one of the most studied groups in the law and management literature. However, the terms of the firm-CEO employment agreements are important evidence of executive's role that often overlooked and, thus, not fully understood. This book chapter...

Critics of U.S. executive pay practices have raised four major concerns: (1) executive pay is too high; (2) CEO contracts do not provide strong enough incentives to increase value (i.e., there is too little pay-for-performance); (3) options and other equity-based pay provide windfalls, large...