Pay without Performance presents a disconcerting portrait of executives' power to influence their own pay -- and of the structural defects in corporate governance that give them this power. As this book demonstrates, boards have persistently failed to negotiate at arm's length with the executives they are meant to oversee. Lucian Bebchuk and Jesse Fried give a richly detailed account of how pay practicesfrom option plans to retirement benefits have decoupled compensation from performance and camouflaged both the amount and performance-insensitivity of pay. They show that flaws in pay arrangements and the pay-setting process have been widespread and systemic. These problems have hurt shareholders both by increasing pay levels and, even more importantly, by leading to practices that dilute and distort managers' incentives. By studying pay arrangements, Bebchuk and Fried open a window through which they identify some basic problems with our reliance on boards as guardians of shareholder interests. And the solution, the authors argue, is not merely to make boards more independent of executives as recent reforms attempt to do; rather, boards should also be made more dependent on shareholders by eliminating the arrangements that entrench directors and insulate them from their shareholders. A powerful critique of executive compensation and corporate governance, Pay without Performance points the way to restoring corporate integrity and improving corporate performance.
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The definitive source for Warren Buffett's ideas, this is a thematically arranged collection his famous chairman's letters to Berkshire Hathaway shareholders, prepared by Professor Lawrence Cunningham.
Thinking of starting a business or raising money to expand an existing one? This popular book will show you how to write the business plan and loan package necessary to finance your business and make it work. With How to Write a Business Plan you'll learn how to:
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M&A; and Private Equity Confidentiality Agreements Line by Line: A Detailed Look at Confidentiality Agreements in M&A; and Private Equity and How to Change Them to Meet Your Needs 
What Is Systemic Risk? Does It Apply to Recent JP Morgan Losses? 
Law 101 is an essential reference that explains: -how laws are made -how the court system works and -how each area of the law impacts your daily life. Key information for important questions: -How does a lawsuit begin? -What is the difference in civil and criminal law? -When do state laws trump federal laws? u What makes a contract solid? u What can you expect if called as a juror? -What can you expect if called as a witness? u And other complex areas of the law that you need to know. No home reference shelf is complete without this indispensable information.
The text takes an interdisciplinary approach utilizing elements of law, political economy, international business, ethics, social responsibility and management. The author's primary goal is to produce a compelling holistic picture of the concepts by giving extensive attention to readings, provocative quotes and factual details. Students learn not merely the law but the law in context.
Rainmaking Made Simple: What Every Professional Must Know is the definitive how-to guide for professionals on growing their business. It demystifies the process of building client relationships, making it simple to grasp, retain, and put into practice.
(1)For those professionally or personally involved in the issues raised in the arena of competition law, this volume, distinguished by its clarity of explanation and expression, is an enlightening read. (Phillip Taylor MBE and Elizabeth Taylor, Richmond Green Chambers )
