We know that if a corporation is to maximize shareholder wealth, the interests of the managers and
Question:
We know that if a corporation is to maximize shareholder wealth, the interests of the managers and the shareholders must be aligned. The simplest way to align these interests is to structure executive compensation packages appropriately to encourage managers to act in the best interests of shareholders through stock and option awards. However, has executive compensation gotten out of control? Take a look at the Executive Pay Watch website at www.aflcio.org/corporatewatch/paywatch to see to whom top salaries have gone (click on “100 Highest” after scrolling down to the very bottom of the page). What are the most recent total compensation packages for the head of Oracle (ORCL), CBS Corporation (CBS), and Charter Communications (CHTR)?
Step by Step Answer:
Foundations Of Finance
ISBN: 9780135160619
10th Edition
Authors: Arthur J. Keown, John H. Martin, J. William Petty