The prince and the pauper? CEO pay in the Unites States and United Kingdom
Differences in CEO pay and incentives in the US and the UK for 1997 are documented. After controlling for size, sector and other firm and executive characteristics, CEOs in the US earn 45% higher cash compensation and 190% higher total compensation. The calculated effective ownership percentage in t...
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| Published in | The Economic journal (London) Vol. 110; no. 467; p. F640 |
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| Main Authors | , |
| Format | Journal Article |
| Language | English |
| Published |
Oxford
Oxford University Press
01.11.2000
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| Subjects | |
| Online Access | Get full text |
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| Abstract | Differences in CEO pay and incentives in the US and the UK for 1997 are documented. After controlling for size, sector and other firm and executive characteristics, CEOs in the US earn 45% higher cash compensation and 190% higher total compensation. The calculated effective ownership percentage in the US implies that the median CEO receives 1.48% of any increase in shareholder wealth compared to 0.25% in the UK. The differences, can be largely attributed to greater share option awards in the US arising from institutional and cultural differences belween the two countres. |
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| AbstractList | Differences in CEO pay and incentives in the US and the UK for 1997 are documented. After controlling for size, sector and other firm and executive characteristics, CEOs in the US earn 45% higher cash compensation and 190% higher total compensation. The calculated effective ownership percentage in the US implies that the median CEO receives 1.48% of any increase in shareholder wealth compared to 0.25% in the UK. The differences, can be largely attributed to greater share option awards in the US arising from institutional and cultural differences belween the two countres. |
| Author | Murphy, Kevin J Conyon, Martin J |
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| Copyright | Copyright Blackwell Publishers Nov 2000 |
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| Snippet | Differences in CEO pay and incentives in the US and the UK for 1997 are documented. After controlling for size, sector and other firm and executive... |
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| Title | The prince and the pauper? CEO pay in the Unites States and United Kingdom |
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