1994
- Average pay for chief executives was 90 times average worker
pay; 2005 - Average pay for chief executives was
179 times average worker pay; 1995-2005 - Average
worker pay rose by a total of only 8%; median pay for chief
executives at 350 largest companies rose 150%
(source: Congressional Researh Service).
September 24, 2008
- Total 2007 compensation of chief executives in large American
corporations was 275 times that of salary of average worker
(source: Economic Policy Institute);
late 1970s -chief executive pay was 35
times that of average American worker.
(Glacier Metal Company), Wilfred B. D. Brown
(1962).
Piecework Abandoned; The Effect of Wage Incentive Systems on
Managerial Authority. (London, UK: Heinemann, 119 p.).
Glacier Metal Company; Wage payment systems; Incentives in
industry.
Mark Aldrich, Robert Buchele (1986).
The Economics of Comparable Worth. (Cambridge, MA:
Ballinger Pub. Co., 180 p.). Pay equity.
Lucian A. Bebchuk and Jesse M. Fried (2004).
Pay without Performance: The Unfulfilled Promise of Executive
Compensation. (Cambridge, MA: Harvard University Press,
304 p.). William J. Friedman and Alicia Townsend Friedman
Professor of Law, Economics, and Finance (Harvard Law School);
Professor of Law (Boalt Hall School of Law, UC Berkeley).
Executives--Salaries, etc.; Corporate governance.
Joseph Blasi, Douglas Kruse, and Aaron
Bernstein (2002).
In the Company of Owners: The Truth about Stock Options (and Why
Every Employee Should Have Them). (New York, NY: Basic
Books, 345 p.). Professors of Human Resource Management
(Rutgers), Journalist (Business Week). Employee
ownership--United States; Employee stock options--United States;
Employee motivation--United States; Chief executive
officers--Salaries, etc.--United States; Stock options--United
States; Corporations--United States.
Derek Bok (1993).
The Cost of Talent : How Executives and Professionals Are
Paid and How It Affects America. (New York, NY: Free
Press, 342 p.). Executives--Salaries, etc.--United States;
Professional employees--Salaries, etc.--United States.
Graef S. Crystal (1984).
Questions and Answers on Executive Compensation: How To Get What
You're Worth. (Englewood Cliffs, NJ: Prentice-Hall, 196
p.). Executives--Salaries, etc.--Miscellanea.
--- (1991).
In Search of Excess: The Overcompensation of American Executives.
(New York, NY: Norton, 272 p.). Executives--Salaries,
etc.--United States.
Warren Farrell (2005).
Why Men Earn More: The Startling Truth Behind the Pay Gap--and
What Women Can Do About It. (New York, NY: AMACOM, 270
p.). Three Time Board Member National Organization for Women
(NOW). Pay equity; Women--Employment; Equal pay for equal work.
The Hay Group; Thomas P. Flannery, David A.
Hofrichter, Paul E. Platten (1996).
People, Performance, and Pay: Dynamic Compensation for Changing
Organizations. (New York, NY: Free Press, 269 p.).
Compensation management.
Michael C. Jensen, Kevin J. Murphy (2007).
CEO Pay and What To Do About It:: Restoring Integrity to Both
Executive Compensation And Capital-market Relations.
(Boston, MA: Harvard Business School Press, 256 p.). Jesse
Isidor Straus Professor of Business Administration, Emeritus, at
Harvard Business School; E. Morgan Stanley Chair in Business
Administration, the Vice Dean for Faculty and Academic Affairs
at the University of Southern California Marshall School of
Business. Compensation -- executives; shareholder value.
New system of incentives for
managers to act in best interests of company owners; critical
missing link in current incentive plans - between manager’s
effectiveness in executing strategy, capital market’s valuation
of results (strategic value accountability).
Robert L. Katz (2009).
Skills of an Effective Administrator. (Boston, MA:
Harvard Business Press, 77 p.). Executive ability; Management;
Organizational effectiveness. Executive ability; Management;
Organizational effectiveness. Three fundamental abilities
companies should seek to develop in their managers.
Ira T. Kay (1992).
Value at the Top: Solutions to the Executive Compensation Crisis.
(New York, NY: HarperBusiness, 246 p.). Chief executive
officers--Salaries, etc.--United States; Executives--Salaries,
etc.--United States; Consolidation and merger of
corporations--United States.
--- (1998).
CEO Pay and Shareholder Value: Helping the U.S. Win the Global
Economic War. (Boca Raton, FL: St. Lucie Press, 145 p.).
Global Practice Director of Executive Compensation Consulting
(Watson Wyatt Worldwide). Chief executive officers--Salaries,
etc.--United States; Executive ability--United States;
Stocks--United States; Stock ownership--United States;
Competition, International.
Ira T. Kay, Steven Van Putten (2007).
Myths and Realities of Executive Pay: Performance-Driven
Compensation in the New Environment. (New York, NY:
Cambridge University Press, 280 p.). Global Practice Director of
Executive Compensation Consulting at Watson Wyatt Worldwide;
East Region Practice Leader of Watson Wyatt's Executive
Compensation Consulting Practice. Chief executive
officers--Salaries, etc.--United States; Executive
ability--United States; Competition, International.
CEOs not overpaid.
Ed. Robert W. Kolb (2006).
The Ethics of Executive Compensation. (Malden, MA:
Blackwell Pub., 182 p.). Assistant Dean for Business and Society
at the Leeds School of Business (University of Colorado).
Executives--Salaries, etc. Fundamental problems of executive
compensation from social, ethical perspective.
K. R. Srinivasa Murthy (1977).
Corporate Strategy and Top Executive Compensation.
(Boston, MA: Harvard University Press, 138 p.).
Executives--Salaries, etc.--United States; Corporations--United
States. Division of Research, Graduate School of Business
Administration.
Paul Osterman (2009).
Truth about Middle Managers Who They Are, How They Work, Why
They Matter. (Boston, MA,: Harvard Business Press, 224
p.). Professor of Human Resources and Management (MIT
Sloan School of Management). Middle managers; Management. Middle
managers; Management. 30 years of
employment data, with wide sample of managers interviewed:
numbers of middle managers has increased dramatically,
wealthier, more productive, more autonomous, gain pleasure from
daily work; committed to tasks, colleagues; increasingly
cynical, distant from organizations; confused about future, how
to manage their careers.
Ellen L. Pavlik and Ahmed Belkaoui (1991).
Determinants of Executive Compensation: Corporate Ownership,
Performance, Size, and Diversification. (New York, NY:
Quorum Books, 163 p.). Chief executive officers--Salaries, etc.;
Executives--Salaries, etc.; Industrial organization.
David J. Smyth, William J. Boyes, and Dennis
E. Peseau (1975).
Size, Growth, Profits, and Executive Compensation in the Large
Corporation: A Study of the 500 Largest United Kingdom and
United States Industrial Corporations. (New York, NY:
Holmes & Meier, 103 p.). Industries--Size; Profit;
Executives--Salaries, etc.; Corporations--United States;
Corporations--Great Britain.
Eds. Joel M. Stern, G. Bennett Stewart III,
and Donald H. Chew, Jr. (1989).
Corporate Restructuring and Executive Compensation.
(Cambridge, MA: Ballinger Pub. Co., 381 p.). Corporate
reorganizations--United States; Executives--Salaries,
etc.--United States; Consolidation and merger of
corporations--United States.
A.P. Williams (1994).
Just Reward?: The Truth About Executive Pay. (London,
UK: Kogan Page, 306 p.). Executives--Salaries, etc.--Great
Britain; Chief executive officers--Salaries, etc.--Great
Britain.
_________________________________________________________________________________
Links
Executive Compensation: A Guide for
Investors
http://www.sec.gov/investor/pubs/execomp0803.htm
The federal securities laws require clear, concise and
understandable disclosure about the amount and type of
compensation paid to chief executive officers and other highly
compensated executives of public companies. This brochure is
designed to help you locate this compensation information in
company reports.
Executive Excess 2007:
The Staggering Social Cost of U.S. Business Leadership
http://www.ips-dc.org/reports/070829 executiveexcess.pdf
This report released in August 2007 provides data and analysis
about CEO compensation and the CEO-worker pay gap. Also include
comparisons of compensation for U.S. business leaders with other
U.S. leaders and European business leaders, and proposals for
change. From the Institute for Policy Studies and United for a
Fair Economy.
