Document Type
Report
Key Takeaways
• Contrary to popular press reports, CEO pay and shareholder interests are closely aligned. • CEO pay should be considered in terms of CEO return or the CEO’s total firm related wealth, not in one-year snapshots. • As the financial alignment between CEOs and shareholders increases, CEO wealth increases along with firm performance.
Publication Date
2015
Source
Nyberg, A.J., Fulmer, I.S., Gerhart, B., Carpenter, M.A., (2010). Agency theory revisited: CEO return and shareholder interest alignment. Academy of Management Journal (53) 5: 1029-1049.
Disciplines
Business
Copyright
© 2015, University of South Carolina
Publication Info
Nyberg, A.J., Fulmer, I.S., Gerhart, B., Carpenter, M.A., (2010). Agency theory revisited: CEO return and shareholder interest alignment. Academy of Management Journal (53) 5: 1029-1049., 2015.