•  
  •  
 

Abstract

The article discusses the issue of diminished pay in executive compensation. It put forwards an analysis of traditional agency-cost case favoring incentive pay. It explains the attempts to improve decisions associated with financial firms. It states that it focuses on the compensation arrangements of senior executives like chief executive officers (CEOs) and considers the agency-cost-reducing mechanisms in corporate governance to be complementary.

Share

COinS
 

To view the content in your browser, please download Adobe Reader or, alternately,
you may Download the file to your hard drive.

NOTE: The latest versions of Adobe Reader do not support viewing PDF files within Firefox on Mac OS and if you are using a modern (Intel) Mac, there is no official plugin for viewing PDF files within the browser window.