Conyon, Martin and Peck, S and Read, L and Sadler, G (2000) The Structure of Executive Compensation Contracts: UK Evidence. Long Range Planning, 33 (4). pp. 478-503. ISSN 0024-6301Full text not available from this repository.
In this article we examine CEO stock option contracts using UK data for the 1997 fiscal year. We show how the portfolio of options varies with firm wealth; describe the structure of the contract (in terms of vesting criteria related to performance targets); and illustrate whether the option performance criteria is historically ‘demanding’. Finally, we show how the pay–performance term varies with the structure of the option contract. Our new evidence shows the complex structure of UK option contracts for CEOs. We augment this data with rich interview data to show the complexity of CEO compensationcontracts and how they are set.
|Journal or Publication Title:||Long Range Planning|
|Subjects:||?? hf5601 ??|
|Departments:||Lancaster University Management School > Accounting & Finance|
|Deposited On:||26 Jun 2012 11:08|
|Last Modified:||26 Apr 2017 03:06|
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