Indispensable and Other Myths: The True Story of CEO Pay
Start Date
4-2-2014 12:00 AM
End Date
4-2-2014 12:00 AM
Description
Has performance pay for CEO’s, e.g., stock options and bonuses, improved corporate performance? Michael Dorff refutes this concept with studies showing that most CEO’s of large established companies “do not typically have much impact on their companies’ results.” Professor Dorff instead advises a return to guaranteed salaries or what he feels motivates CEO’s, that is, ego, reputation and social effort norms.
Indispensable and Other Myths: The True Story of CEO Pay
Has performance pay for CEO’s, e.g., stock options and bonuses, improved corporate performance? Michael Dorff refutes this concept with studies showing that most CEO’s of large established companies “do not typically have much impact on their companies’ results.” Professor Dorff instead advises a return to guaranteed salaries or what he feels motivates CEO’s, that is, ego, reputation and social effort norms.
Comments
Michael Dorff, Professor of Law at Southwestern Law School, will discuss his new book, "Indispensable and Other Myths: The True Story of CEO Pay"