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Pay Without Performance: The Unfulfilled Promise of Executive Compensation - Bebchuk, Lucian, and Fried, Jesse
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As this book clearly demonstrates, structural flaws in corporate governance have produced widespread distortions in executive pay. Pay without Performance presents a disconcerting portrait of managers' influence over their own pay--and of a governance system that must fundamentally change if firms are to be managed in the interest of shareholders.

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Pay Without Performance: The Unfulfilled Promise of Executive Compensation 2006, Harvard University Press, Cambridge

ISBN-13: 9780674022287

Trade paperback