Core, John E.; Guay, Wayne R.; Thomas, Randall S. - 2023
contracts do not provide strong enough incentives to increase value (i.e., there is too little pay-for-performance); (3) options …) CEOs have too much freedom to unwind their incentives. This negative, and increasingly mainstream, assessment of the state … holdings provide powerful incentives to increase value, and this is true regardless of whether or not annual pay varies with …
