Total compensation shall represent competitive levels of compensation… Performance-related pay shall be a significant component of total compensation placing a substantial portion of an executive officer's compensation at risk. 1995 Morgan Stanley.

This article argues that the Expectations-Based Management (EBM) measure proposed by Copeland and Dolgoff (in the previous article) is essentially the same measure that EVA companies have used for years as the basis for performance evaluation and incentive compensation. After pointing out that...

Mergers and acquisitions are clearly the favorite corporate growth strategy of this generation's executive teams. But there is little evidence that such strategies have paid off for the acquiring companies' shareholders-and many transactions have proved disastrous for the careers of the...

The authors start by showing that six factors-responsibility (i.e., position and company size), industry, pay inflation, business risk, performance and company pay policy-explain over 75% of the variation in the pay of top-five U.S. executives for a sample of 75,000 cases during the years...