【導(dǎo)讀】公司使用不同的方案來補償高管。一個理想的薪酬方案可以使高管激勵與股東的。利益相一致，盡量減少代理問題。這些方法通常包括工資，獎金，股票期權(quán)，股票獎。由于安然公司和世通公司的丑聞與股票期權(quán)有關(guān)，使得股票期權(quán)的使。用問題變得非常有爭議，因此這一問題會被進一步細致的討論。然而，第一部分將要。討論的報酬是平均雇員薪金。薪金是一個定額的薪酬方案，不會在短期內(nèi)改變。說，工資的改變?nèi)Q于績效。通常，公司的報酬合同里會有因為績效和工齡而可能允。因為薪金是非常重要的吸引高管人員的薪酬組合中最無風(fēng)險的成分，尤其是對于厭惡風(fēng)險的人來說。大部分公司都會根據(jù)高管們的績效來支付他們獎金。承授人必須等到授予期結(jié)束才能行使購股權(quán)。通常情況下，承授人可在行權(quán)限制期內(nèi)行使部分期。管理者的激勵措施。關(guān)注股票期權(quán)費用化的聲明是發(fā)布于1972年的APBOpinion25，其中規(guī)。因此，在期權(quán)授予期達到或超過市場價格的具有行使價格的期權(quán)不。后高管人員收到付款或數(shù)量款項。

　　

【正文】 ecent scandals and exorbitant abuses of corporate resources have incited public backlash against 13 excessive executive pensation. However the question as to what is excessive must be defined first. Executives are at the helm of a pany and make the major decisions which guide its ultimate success or failure. It seems justifiable that a CEO at the head of a multinational corporation deserves a significant amount of pensation for his efforts. However, there are three main issues at the heart of current executive pensation issues: performance, disclosure, and corporate governance. A CEO should be pensated according to performance by establishing certain measures to evaluate the CEO39。s performance. The measures should consist of shortterm and longterm objectives. This is to prevent CEO39。s from sacrificing the longterm wellbeing of the pany for shortterm goals for pensatory purposes. A nonperforming or mediocre CEO should not receive pensation beyond his worth. Few would question the worth of a CEO such as Jack Welch who increased shareholder wealth significantly more than what he received in pensation. Therefore, I believe the issue at hand is whether the CEO is worth what he is being paid as opposed to the general increases in executive pensation. The idea that executives are receiving excessive pensation seems partly warranted and partly attributed to public hysteria in the wake of major corporate scandals and abuses of public trust. According to Figure 1, executive pensation has risen proportionately with corporate profits. If corporate profits were falling and executive pensation was rising, the point that executive pensation is excessive would be better validated. The other major issue, currently being dealt with by the SEC, is disclosure. Executive pensation should be disclosed to the greatest degree so as to ensure investor confidence, especially after recent corporate scandals. Stock options should be expensed according their fair market value. They obviously have worth when they are granted or else they would not be a part of the pensation package. The disclosure of executive perks seems justified by the fact that shareholders are essentially paying for them so they deserve to know about them. To ensure that shareholder interests are being served by the board of directors corporate governance issues must be emphasized. CEO39。s should not be allowed as chairs of the board of directors because this raises agency problems and causes possible conflicts of interest. Current legislation requires that all members of the pensation mittee who are not independent be disclosed (). However, this legislation does not go far enough. Executives should not be allowed to hold the chairman position on the board of directors. There should be a separation of power and a system of checks in balances within the corporate 14 governance structure. Although it is not clear on how issues such as corporate governance and agency problems will be dealt with, one thing that is clear is that the public has grown disenchanted with the current system. In order to maintain public confidence, major changes must occur to encourage accountability and disclosure within the area of executive pensation. 15 Works Cited . 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 Pensions. WSJlMercer. The WSJlMercer 2021 CEO Compensation Survey. The Wall Street Journal. :2021