【正文】 . 2021. Balsam, Steven. An Introduction To Executive Compensation. San Diego: Academic Press, 2021. . Wall $t. Bonuses Balloon to New Record. 2021. Hall, Brian, and Kevin Murphy. The Trouble With Stock Options. National Bureau of Economic Research .. 2021 Hodgson, Paul. Incentivizing Michael Eisner. Fortune. 2021. Masers, Brooke. A Campaign to Tighten Executive Pay. Washington Post: 2021 Plitch, Phyllis, and Dwight Oestricher. Disney Moves to Give Shareholders More Say in Board Votes. Dow Jones News Service. 2021 Norris, Floyd. Stock Options: Do They Make Bosses Cheat? The New York Times: 2021. SEC Votes to Propose Changes to Disclosure Requirements Concerning Executi ve Compensation and Related Matters. The Corporate Library. CEO Golden Years: The Top 25 Largest CEO Pensions. WSJlMercer. The WSJlMercer 2021 CEO Compensation Survey. The Wall Street Journal. :2021 。s performance. The measures should consist of shortterm and longterm objectives. This is to prevent CEO39。s chairman, chief financial officer and the next three highest paid executives (Associated Press). Other provisions of the new legislation include: the reduction of the level at which executive perks must be detailed from $50,000 to $10,000, and disclosure of executives39。s contribution is defined by the plan and the employee may add to it (Balsam 175176). Recent cuts in employee pensions by major panies have brought pensions to the public spotlight. As mentioned earlier, Michael Eisner still draws an annual pension payment of $297,779 from Disney (Plitch). However this seems like nothing when pared to the annual payment of $6,518,459 to Pfizer executive Henry McKinnell (The Corporate Library). Recently, similar to Eisner, Mckinnell was the target of a Vote No campaign by Pifzer shareholders and up to 22% of shareholders withheld their support from board members that supported Mckinnell39。 although, amid corporate scandal in 2021 more than a 100 panies began to report using FAS 123 (HallMurphy). The reason that so many panies choose not to expense the estimated fair market value of the options is that it could significantly hurt their bottom line. Furthermore, many startup panies use a tremendous amount of stock options to attract talent to the firm because they do not have the resources to pay high salaries or 10 bonuses. Stock Grants Stock grants are shares of the pany39。 the last record of $ billion was during the bull market of 2021 (). Wall Street bonuses increased % over their levels in 2021 (). Stock Options 9 Stock options allow the person who receives them to purchase stock at a certain price usually over a certain period of time. Sometimes the grantee has to wait until the vesting period is over before the options can be exercised. A vesting period is a specified amount of time that the grantee must wait before exercising the options. Typically, grants are exercisable by allowing the grantee to exercise a certain percentage of the entire grant over the vesting period. An example is allowing the executive to exercise 25% of the grant in the first year of a four year vesting period and the rest at the end of the period. The use of stock options increased significantly during the 9039。 本文摘譯自 ： Yazan Damiri； The State of Executive Compensation[D]； University of TennesseeKnoxville； 52021 7 參考文獻 . Golden CEO Retirements. Anderson, Sarah and John Cavanagh. Executive Excess 2021. Institute for Policy Studies. 2021. Associated Press. SEC Moves to Require More Disclosure on Executive Pay. 2021. Balsam, Steven. An Introduction To Executive Compensation. San Diego: Academic Press, 2021. . Wall $t. Bonuses Balloon to New Record. 2021. Hall, Brian, and Kevin Murphy. The Trouble With Stock Options. National Bureau of Economic Research .. 2021 Hodgson, Paul. Incentivizing Michael Eisner. Fortune. 2021. Masers, Brooke. A Campaign to Tighten Executive Pay. Washington Post: 2021 Plitch, Phyllis, and Dwight Oestricher. Disney Moves to Give Shareholders More Say in Board Votes. Dow Jones News Service. 2021 Norris, Floyd. Stock Options: Do They Make Bosses Cheat? The New York Times: 2021. SEC Votes to Propose Changes to Disclosure Requirements Concerning Executi ve Compensation and Related Matters. The Corporate Library. CEO Golden Years: The Top 25 Largest CEO Pensi