Effective Executive Compensation: Creating a Total Rewards Strategy for Executives

Effective Executive Compensation: Creating a Total Rewards Strategy for Executives

Effective Executive Compensation: Creating a Total Rewards Strategy for Executives

Effective Executive Compensation: Creating a Total Rewards Strategy for Executives

Excerpt

You can't escape the controversy that surrounds executive pay. These days, it's impossible to pick up a newspaper, fan through a business magazine, or catch a TV news program without being subjected to excessive hand-wringing over how much the top executives at America's largest corporations are being paid.

Much of what you read or see is hyperbole, exceptions to the norm being presented as the norm, guilt by inference, and maybe even a small amount of envy. And some of it is reality. We say this not as mere onlookers, but as people who have been practicing the art and science of executive compensation for more than 50 years combined.

For most of those years, we've remained publicly silent on the issue. But not any more. It's time to break the “code of silence.” We hope that by doing so, they won't revoke our memberships in the Compensation Consultants Guild, better know by the Warren Buffet nickname of “Ratchet, Ratchet, and Bingo.”

So why the change of heart? Well, it certainly isn't attributable to the compensation we'll receive for writing this book (which could be wiped out by your average dinner and a movie). Nor to any expectation of fame that will follow publication. We do not expect to suddenly be invited to important cocktail parties where our every thought, pronouncement, and expression will be hung on by important guests. Executive compensation consultants are usually relegated to the corner where the proctologists are gathered.

More likely, we're writing this book because we are fed up with telling clients and consultants one at a time how the process . . .

Search by... Author
Show... All Results Primary Sources Peer-reviewed

Oops!

An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.