作者: Yoshie Saito , Richard A. Lord
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摘要: We analyze CEO pay and equity holdings for the S&P 1,500 broad industry classes. Between 1994 2000 real annual compensation doubled, there was a dramatic shift from salary to option grants. The value proportion of price-performance-sensitivity their portfolios also increased, but, managers held less shares more options. After crash dot.com bubble at turn-of-the-century fell briefly. But, it then began trend upward again through 2007. Since 2001 grants have declined notably, replaced largely by restricted stock In most recent years levels far below those in 1994.