Power and Pay: The Politics of CEO Compensation |
| |
| Authors: | Elhagrasey Galal M Harrison J Richard Buchholz Rogene A |
| |
| Institution: | (1) College of Business, Kuwait University, Kuwait;(2) School of Management, University of Texas at Dallas, U.S.A;(3) College of Business Administration, Loyola University of New Orleans, U.S.A |
| |
| Abstract: | This paper examines CEO compensation, with an emphasis on the power of CEOs to influence their own compensation by managing the compensation process. It analyzes the CEO's power over the board of directors and the political tactics used by the CEO to manage the board and its compensation decisions. An empirical examination of CEO compensation in 203 large American manufacturing firms in 1985 illustrates the effect of CEO power on compensation and the flexibility available to the CEO in establishing the legitimacy of compensation. The implications of this perspective for management control of corporations and for CEO compensation research are considered. |
| |
| Keywords: | |
| 本文献已被 SpringerLink 等数据库收录！ |
|
