Business & Economics Books:

Pay without Performance

The Unfulfilled Promise of Executive Compensation


Paperback / softback

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Pay without Performance by Lucian Bebchuk
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The company is underperforming, its share price is trailing, and the CEO gets ...a multimillion-dollar raise. This story is familiar, for good reason: as this book clearly demonstrates, structural flaws in corporate governance have produced widespread distortions in executive pay. "Pay without Performance" presents a disconcerting portrait of managers' influence over their own pay - and of a governance system that must fundamentally change if firms are to be managed in the interest of shareholders.

Author Biography

Lucian Bebchuk is Professor of Law, Economics, and Finance and Director of Program on Corporate Governance at Harvard Law School. Jesse Fried is Professor of Law and Co-Director of the Berkeley Center for Law, Business, and the Economy at the University of California, Berkeley.
Release date NZ
September 29th, 2006
Country of Publication
United States
Harvard University Press
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