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The market for CEOs
Cziraki, Peter; Jenter, Dirk - 2021
We study the market for CEOs of large publicly-traded US firms, analyze new CEOs' prior connections to the hiring firm, and explore how hiring choices are determined. Firms are hiring from a surprisingly small pool of candidates. More than 80% of new CEOs are insiders, defined as current or...
Persistent link: https://www.econbiz.de/10012546976
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Management compensation and the economic crisis : longitudinal evidence from the German chemical sector
Grund, Christian; Hofmann, Tanja - 2013
extent to which managers' compensation was affected by the economic crisis and the extent to which it increased afterwards … perspective. We also examine that certain parts of managers seem to have more power to influence their compensation than others …. Inequality in managers' compensation decreased during the crisis. …
Persistent link: https://www.econbiz.de/10009754706
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Pay Harmony : Peer Comparison and Executive Compensation
Gartenberg, Claudine Madras - 2013
increased wage comparisons within firms with geographically-dispersed managers — firms with the greatest information frictions … prior to the rule change. We report three changes related to compensation after 1992 for division managers. First, within … firms with dispersed managers, division manager pay co-moves more with peer pay and is less sensitive to individual …
Persistent link: https://www.econbiz.de/10013082812
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Clawback Provisions in Executive Compensation Contracts
Stark, Johanna - 2020
Clawbacks are contractual provisions in executive compensation contracts that allow for an ex post recoupment of variable pay if certain triggering conditions are met. As a result of regulatory responses to financial crises and corporate scandals as well as of growing shareholder pressure to...
Persistent link: https://www.econbiz.de/10012833330
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Relative Performance Evaluation in CEO Compensation : A Talent-Retention Explanation
De Angelis, David - 2019
Relative performance evaluation (RPE) in CEO compensation can be used as a commitment device to pay CEOs for their revealed relative talent. We find evidence consistent with the talent-retention hypothesis, using two different approaches. First, we examine the RPE terms in compensation contracts...
Persistent link: https://www.econbiz.de/10012904916
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The Impact of Financial Distress on CEO Compensation in the United States
Verhasselt, Gertjan - 2017
This M.A. dissertation presents a study of the influence of financial distress on CEO compensation in the United States. It focuses on the four main components of executive compensation: salary, bonus, restricted stock and stock options. More specifically, I apply linear regression to panel data...
Persistent link: https://www.econbiz.de/10012944997
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Financial Crisis, Excessive Pay And Fat Cats : Why Employment Scholars Should Start Reflecting on Regulation of Executive Remuneration
Gaudio, Giovanni - 2020
In the aftermath of the 2007-2008 financial crisis, flawed variable pay structures of executives were blamed by many for contributing to the build-up of the global financial turmoil, as they allegedly incentivized them to engage in excessive risk-taking. Legislators around the globe decided to...
Persistent link: https://www.econbiz.de/10012824598
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Non-price and Price Performance Vesting Provisions and Executive Incentives
Core, John E. - 2017
This paper examines the consequences of the increased use of performance vesting provisions in long-term incentive compensation for CEOs and other executives in the post-2006 period following FAS 123R. We re-examine the agency prediction that incentives provided by accounting or other...
Persistent link: https://www.econbiz.de/10012972293
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CEO Compensation and Risk-Taking at Financial Firms : Evidence from U.S. Federal Loan Assistance
Gande, Amar - 2017
, CEO overconfidence, or matching of CEOs to select banks. We conclude that equity incentives (vega) embedded in CEO …
Persistent link: https://www.econbiz.de/10012975959
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Payday Before Mayday : CEO Compensation Contracting for Distressed Firms
Carter, Mary Ellen - 2020
realignment of managers with relevant stakeholders of distressed firms …
Persistent link: https://www.econbiz.de/10012851901