Pay Without Performance : The Unfulfilled Promise of Executive Compensation

Intro -- Contents -- Preface -- Introduction -- Part I. The Official View and Its Shortcomings -- 1. The Official Story -- 2. Have Boards Been Bargaining at Arm's Length? -- 3. Shareholders' Limited Power to Intervene -- 4. The Limits of Market Forces -- Part II. Power and Pay -- 5. The Managerial Power Perspective -- 6. The Relationship between Power and Pay -- 7. Managerial Influence on the Way Out -- 8. Retirement Benefits -- 9. Executive Loans -- Part III. Decoupling Pay from Performance -- 10. Non-Equity-Based Compensation -- 11. Windfalls in Conventional Options -- 12. Excuses for Conventional Options -- 13. More on Windfalls in Equity-Based Compensation -- 14. Freedom to Unwind Equity Incentives -- Part IV. Going Forward -- 15. Improving Executive Compensation -- 16. Improving Corporate Governance -- Notes -- References -- Index.