As the tabloid press and broadsheet newspapers often report, executive compensation has grown dramatically since the 1980s and continues to rise in most financial centres. This column looks at how compensating executives has changed in recent years, and suggests ways that governments can collect revenue more effectively in response.
Aspen Gorry, Kevin Hassett, Glenn Hubbard, Aparna Mathur, Monday, October 19, 2015 - 00:00
Alex Edmans, Thursday, September 11, 2014 - 00:00
Alex Bryson, John Forth, Minghai Zhou, Tuesday, June 24, 2014 - 00:00
Publicly traded companies are the engine behind China’s growth, which raises the question of how CEO compensation works under an interventionist state. This column presents an analysis of executive compensation in China and a comparison to the West. Chinese listed firms have incentive structures similar to those of the US; in this case, effective compensation policies seem to transcend political boundaries.
Andrea Prat, Oriana Bandiera, Luigi Guiso, Raffaella Sadun, Saturday, May 28, 2011 - 00:00
What do CEOs get up to all day? Most accounts are based on surprisingly small samples. A new study of how CEOs allocate their time yields some surprising results.
Alex Edmans, Tuesday, July 13, 2010 - 00:00
Recovering US insurance giant AIG recently announced that 80% of their executives’ bonuses will depend on the price of their firm’s bonds and only 20% will depend on the price of their equity. This column argues that such moves will better align CEO fortunes with those of all investors – both shareholders and bondholders – and help prevent future financial crises.