By Steven Balsam
Common readers do not know why humans may still care approximately what executives are paid and why they're paid the way in which they're. that is the reason that The Wall highway magazine, Fortune, Forbes, and different well known and practitioner courses have usual insurance on them. This e-book not just proposes a reason--executives desire incentives to be able to maximize company worth (economists name this "agency theory")--it additionally describes the character and layout of govt repayment practices. these incentives can take the shape of advantages (salary, inventory options), perquisites (reflecting the prestige of the administrative in the organizational tradition.
This publication is necessary since it takes the weather of an govt repayment package deal aside, studying them within the contexts of either monetary idea and company perform after which explains how, lower than various stipulations, one could build a repayment package deal that optimizes an executive's and a corporation's functionality.
* provides an goal research of present govt reimbursement practices
* Comprehensively studies of educational literature and extant practice
* Explains and illustrates a number of the parts of the reimbursement package
* Discusses the motivation, monetary reporting, tax, political, fairness, and company price results of these components
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Extra info for An Introduction to Executive Compensation
C. 1 Item 402 of SEC Regulation S-K 29 or replacement grants, or any other means (‘‘repriced’’), the registrant shall provide the information specified in paragraphs (i)(2) and (i)(3) of this item. (2) The compensation committee (or other board committee performing equivalent functions or, in the absence of any such committee, the entire board of directors) shall explain in reasonable detail any such repricing of options and/or SARs held by a named executive officer in the last completed fiscal year, as well as the basis for each such repricing.
Fisher, its Chief Executive Officer (CEO), entered into on October 27, 1993, explicitly states the following:2 The Executive shall be paid an annualized Base Salary, payable in accordance with the regular payroll practices of the Company, of $2,000,000. The Base Salary shall be reviewed no less frequently than annually for increase in the discretion of the Board and its Executive Compensation and Development Committee. B. Bonus Bonus is a form of compensation that may be conditioned upon individual, group, or corporate performance.
A plan may be applicable to one person. Registrants may omit information regarding group life, health, hospitalization, medical reimbursement or relocation plans that do not discriminate in scope, terms or operation, in favor of executive officers or directors of the registrant and that are available generally to all salaried employees. (iii) The term long-term incentive plan means any plan providing compensation intended to serve as incentive for performance to occur over a period longer than one fiscal year, whether such performance is measured by reference to financial performance of the registrant or an affiliate, the registrant’s stock price, or any other measure, but excluding restricted stock, stock option and SAR plans.