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Stock Options and the New Rules of Corporate Accountability
Download 06/09/2015, 2:18 PM


2004 | 255 Pages | ISBN: 0-07-141754-0 | pdf | 1012.4 Kb

When I set out to write this book, my topic was stock options. Specifically, my intent was to explore the much debated issue of expensing stock options. While that remains an essential theme of this book, it is impossible to address stock options without looking at the broader picture. Put another way, stock options are the trees; executive compensation and effective corporate governance are the forest.

After completing this project, I am left with several compelling questions. What can we do differently? How can executive compensation become more balanced and healthier? What changes in corporate governance are necessary to ensure that independent-minded boards are better equipped to design and implement executive compensation packages that are based on performance? How can ownership in a corporation be used as a reward after performance is demonstrated instead of as a perk that comes with the job?

This then leads to the ultimate question: what is the purpose of the corporation and how is its success measured? Is the end goal of the corporation to serve its shareholders? If so, then the stock price would be the ultimate benchmark of its success. Or is the purpose of the corporation something more, with shareholders, executives, board members, and employees as integral parts of a greater mission?
Category: Others | Added by: Py | Cùng giáo trình: DONALD P. DELVES, ACCOUNTABILITY
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