How Long to Read Pay Without Performance

How Long Does it Take to Read Pay Without Performance?

It takes the average reader 5 hours and 17 minutes to read Pay Without Performance by Lucian A. Bebchuk

Assuming a reading speed of 250 words per minute. Learn more

Description

The company is under-performing, its share price is trailing, and the CEO gets...a multi-million-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. Lucian Bebchuk and Jesse Fried demonstrate that corporate boards have persistently failed to negotiate at arm's length with the executives they are meant to oversee. They give a richly detailed account of how pay practices--from option plans to retirement benefits--have decoupled compensation from performance and have camouflaged both the amount and performance-insensitivity of pay. Executives' unwonted influence over their compensation has hurt shareholders by increasing pay levels and, even more importantly, by leading to practices that dilute and distort managers' incentives. This book identifies basic problems with our current reliance on boards as guardians of shareholder interests. And the solution, the authors argue, is not merely to make these boards more independent of executives as recent reforms attempt to do. Rather, boards should also be made more dependent on shareholders by eliminating the arrangements that entrench directors and insulate them from their shareholders. A powerful critique of executive compensation and corporate governance, Pay without Performance points the way to restoring corporate integrity and improving corporate performance.

How long is Pay Without Performance?

Pay Without Performance by Lucian A. Bebchuk is 308 pages long, and a total of 79,464 words.

This makes it 104% the length of the average book. It also has 97% more words than the average book.

How Long Does it Take to Read Pay Without Performance Aloud?

The average oral reading speed is 183 words per minute. This means it takes 7 hours and 14 minutes to read Pay Without Performance aloud.

What Reading Level is Pay Without Performance?

Pay Without Performance is suitable for students ages 12 and up.

Note that there may be other factors that effect this rating besides length that are not factored in on this page. This may include things like complex language or sensitive topics not suitable for students of certain ages.

When deciding what to show young students always use your best judgement and consult a professional.

Where Can I Buy Pay Without Performance?

Pay Without Performance by Lucian A. Bebchuk is sold by several retailers and bookshops. However, Read Time works with Amazon to provide an easier way to purchase books.

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