| About the authors |
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ix | |
| Summary |
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xiv | |
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xvii | |
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1 | (14) |
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1 | (4) |
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5 | (5) |
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10 | (3) |
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13 | (1) |
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14 | (1) |
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2 Why free marketeers should worry about executive pay |
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15 | (25) |
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Rapid increases in pay for no reason |
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17 | (4) |
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The myth of the global market and the overstated importance of CEOs |
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21 | (5) |
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The ultimate providers of capital want action on pay |
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26 | (2) |
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Investment beneficiaries lack capacity to influence pay |
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28 | (1) |
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Institutional asset owners lack the expertise or engagement to influence asset managers |
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29 | (2) |
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Asset managers and remuneration committees are biased and conflicted on pay |
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31 | (4) |
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Why does this matter and what should be done? |
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35 | (5) |
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3 Understanding the `facts' about top pay |
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40 | (17) |
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40 | (1) |
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Pay granted is not the same thing as pay realised |
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41 | (1) |
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42 | (7) |
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Flawed research and interpretation |
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49 | (6) |
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55 | (2) |
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4 The rights and wrongs of CEO pay |
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57 | (14) |
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57 | (1) |
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Some common myths about CEO pay |
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58 | (4) |
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We must stop obsessing over CEO pay ratios |
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62 | (4) |
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66 | (2) |
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Just pay them with shares! Simplicity, transparency and sustainability |
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68 | (2) |
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70 | (1) |
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5 What conclusions can we draw from international comparisons of corporate governance and executive pay? |
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71 | (15) |
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How I he debate has evolved |
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72 | (1) |
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What do the facts tell us about international variations in executive pay? |
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73 | (7) |
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Does culture account for some of the differences in attitudes to pay? |
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80 | (2) |
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82 | (1) |
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83 | (3) |
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86 | (20) |
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86 | (2) |
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Top pay in popular culture |
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88 | (4) |
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Top pay and corporate executives |
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92 | (4) |
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A broad perspective on the empirical evidence |
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96 | (4) |
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100 | (4) |
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104 | (2) |
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106 | (18) |
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106 | (1) |
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107 | (2) |
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The unaccounted-for gender pay gap |
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109 | (2) |
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111 | (1) |
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112 | (1) |
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The `ratchet effect' and the gender pay gap |
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113 | (3) |
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116 | (2) |
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118 | (1) |
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What can organisations do about the gap? |
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119 | (2) |
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121 | (1) |
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122 | (2) |
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8 Public service or public plunder? |
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124 | (17) |
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124 | (1) |
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125 | (2) |
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Pensions are far more generous in the public sector |
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127 | (2) |
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129 | (2) |
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The need to compete with the private sector |
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131 | (1) |
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132 | (2) |
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134 | (5) |
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139 | (2) |
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9 Are vice-chancellors paid too much? |
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141 | (24) |
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141 | (1) |
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The costs and value of the higher education sector |
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142 | (3) |
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145 | (6) |
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Is current VC pay `right'? |
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151 | (11) |
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162 | (3) |
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10 Getting tough on top pay: what consequences? |
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165 | (18) |
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Publishing pay ratios and `naming and shaming' |
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165 | (4) |
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169 | (3) |
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Binding pay ratios and upper limits on pay |
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172 | (3) |
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Squeezed pay distributions |
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175 | (2) |
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International competition |
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177 | (1) |
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178 | (3) |
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181 | (2) |
| References |
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183 | (7) |
| About the IEA |
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190 | |
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