Are U.S. CEOs Overpaid? A Partial Response to Kaplan

Walsh, James P.
February 2009
Academy of Management Perspectives;Feb2009, Vol. 23 Issue 1, p73
Academic Journal
The article presents a response by the author to the management research of Steven Kaplan, previously published by the journal, and the ongoing debate between the two writers regarding chief executive officer (CEO) compensation. Three points of the author's original statistical research on levels of executive pay in the United States are addressed. The initial statistics for percentages of CEO ownership of total firm sales are corrected. The empirical tracking of new and exercised option grants by CEOs is discussed. Final points are included questioning the underlying paradigm of firm assessment.


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