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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Taro who wrote (293770)	7/7/2006 12:04:39 PM
From: bentway	Read Replies (1) \| Respond to of 1573432

Taro! You present yet another red herring! "The objective of this paper is to encourage research in executive compensation by equipping potential researchers with a comprehensive description of pay practices and a representative summary of the empirical and theoretical research. The paper is largely descriptive, and focused on the explicit rather than the implicit aspects of executive incentive contracts." The question was: Does CEO compensation correlate with company performance. This paper deals with that question not at all, other than mentioning how a few CEO's were fired or otherwise cashiered. Now, Here's a report of testimony given to congress by the Business Roundtable that attempts to defend CEO pay vis a vis company performance. It would have been a much better selection by you. fwcook.com "Are there CEO pay abuses? Of course there are, just as there are abuses of power in all large institutions. If there was not the potential for abuse in our free enterprise system, we would not have a free enterprise system. The job of those who defend our systems is not to defend the abusers but to encourage the adoption of evolving best practices in corporate governance and executive compensation so that additional and burdensome regulation is not required"