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Executive Superstars, Peer Groups and Over-Compensation – Cause, Effect and Solution

Executive Superstars, Peer Groups and Over-Compensation – Cause, Effect and Solution

"theories of optimal market-based contracting are misguided in that they are predicated upon the chimerical notion of vigorous and competitive markets for transferable executive talent... independent and shareholder-conscious compensation committees must develop internally created standards of pay based on the individual nature of the organization concerned, its particular competitive environment and its internal dynamics."

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