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Tensions with the Board Not the Norm, Say 98 Percent of CEOs
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Nobel Winner Says CEO Pay Too Complex, Echoing Investor Gripe

Finland's Bengt Holmstrom, a co-winner of the Nobel Economics Prize for his work on contract theory, said that too many pay plans include contingencies or long-term performance goals that make them unwieldy. "They have got to get to something simpler," the Massachusetts Institute of Technology professor said of corporate boards. He was speaking at a press conference ...

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