Bebchuk, Lucian Arye; Fried, Jesse - C.E.P.R. Discussion Papers - 2003
’ approach to executive compensation. Under this approach, the design of executive compensation is viewed not only as an … show that the managerial power approach can explain many features of the executive compensation landscape, including ones …, retirement benefits, payments to departing executives, the use of compensation consultants, and the observed relationship between …