October 2011
Beginner
384 pages
10h 17m
English
In This Chapter
What is the major problem with executive compensation and the primary source of the persistent public resentment of corporate managers? A look at figures 13-1 and 13-2 will help you grasp the problem immediately. Figure 13-1 presents the mean total annual compensation of S&P 500 CEOs from 1992 through 2008 (top line) and their mean cash compensation (bottom line)—salary and bonuses. The difference between the two is largely the result of the equity-based compensation: ...