Are CEOs really paid like bureaucrats?
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Are CEOs really paid like bureaucrats? by Brian J. Hall

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Published by National Bureau of Economic Research in Cambridge, MA .
Written in

Subjects:

  • Chief executive officers -- Salaries, etc. -- United States.,
  • Directors of corporations -- Salaries, etc. -- United States.,
  • Executives -- Salaries, etc. -- United States.

Book details:

Edition Notes

Other titlesAre Chief Executive Officers really paid like bureaucrats?
StatementBrian J. Hall, Jeffrey B. Liebman.
SeriesNBER working paper series -- working paper 6213, Working paper series (National Bureau of Economic Research) -- working paper no. 6213.
ContributionsLiebman, Jeffrey B., National Bureau of Economic Research.
The Physical Object
Pagination44, [14] p. :
Number of Pages44
ID Numbers
Open LibraryOL22404946M

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The reverse relation between performance and bureaucrats' compensation and turnover has received only limited attention. Due to the distinct features of public-sector organizations, bureaucrats are traditionally argued to require either permanent positions and Cited by: 3. A common view of CEO compensation is that CEOs are paid like bureaucrats. There is said to be a weak link between the performance of large public companies and the compensation of their by: Are CEOs Really Paid Like Bureaucrats? A common view of CEO compensation is that there is essentially no correlation between firm performance and CEO pay. This calls into question an important component of effective corporate by: "Are CEOs Really Paid Like Bureaucrats?" Quarterly Journal of Economics , no. 3 (August ): – , no. 3 (August ): –Cited by:

CEOs are paid like bureaucrats (Jensen and Murphy, b). With the strong increase of stock options in CEO pay over the last decades, however, the situation has changed: the linkMissing: book. Downloadable (with restrictions)! A common view is that there is little correlation between firm performance and CEO pay. Using a new fifteen-year panel data set of CEOs in the largest, publicly traded U. S. companies, we document a strong relationship between firm performance and CEO compensation. This relationship is generated almost entirely by changes in the value of CEO holdings Cited by: Are CEOs Really Paid Like Bureaucrats? Brian J. Hall and Jeffrey Liebman (). The Quarterly Journal of Economics, , vol. , issue 3, Abstract: A common view is that there is little correlation between firm performance and CEO pay. Using a new fifteen-year panel data set of CEOs in the largest, publicly traded U. S. companies, we document a strong relationship between firm Cited by: son to bureaucrats in the title of their article “Are CEOs Really Paid Like Bureaucrats?” However, they documented that today there is a “strong relationship between firm performance and CEO compensation” (p).ThedifferencetoJensenandMurphy’sviewsis mainly attributed to the fact .

A 'read' is counted each time someone views a publication summary (such as the title, abstract, and list of authors), clicks on a figure, or views or downloads the : Ruben Enikolopov. A common view is that there is little correlation between firm performance and CEO pay. Using a new year panel data set of CEOs in the largest publicly traded U.S. companies, we document a strong relationship between firm performance and CEO by: "Are CEOs Really Paid Like Bureaucrats?," The Quarterly Journal of Economics, Oxford University Press, vol. (3), pages Brian J. Hall & Jeffrey B. Liebman, Using a new year panel data set of CEOs in large U.S. firms, we report a variety of pay-to-performance measures using a broad measure of CEO compensation that includes changes in the value of CEO holdings of stock and stock options. We find that CEO compensation is highly responsive to firm by: