Executives' compensation has been on the forefront of the public and political debate since the recent financial crisis …. One of the measures publicly discussed is a general upper boundary to top management compensation packages (“salary cap … using maximum compensation regulations for decades. This paper exploits the 23-year experience with salary cap regulations …

impact of tax policy changes on pay without performance. Using data on executive compensation in the United States, I compare … the sensitivity of executive compensation to performance shocks beyond the executives control before and after a change in …, state tax hikes increase the sensitivity of executive compensation to performance shocks exogenous to executive effort …

experience substantial compensation losses (Eckbo et al., 2016). While the fear of reputational scarring can lead to lower risk …-taking and manifest itself as lower rates of entrepreneurship and job growth, the mechanisms through which bankruptcy affects CEO …-sized business CEOs' careers. By random, we mean job separation for reasons unrelated to a firm or CEO quality but rather through a …

Understanding CEO compensation plans is a continuing challenge for directors and investors. The disclosure of these … compensation figures in the annual proxy, allowing for a step-by-step evaluation of the conditions under which variable pay is … analysis provide into the governance quality of different firms?• How might a board monitor to ensure that the CEO is not …