Pay without Performance: The Unfulfilled Promise of Executive Compensation

Pay without Performance is a groundbreaking book that exposes the flaws in corporate governance and executive compensation practices, revealing how managers' influence over their own pay has led to widespread distortions in pay without performance.

The authors provide a richly detailed account of how pay practices have decoupled compensation from performance, hurting shareholders by increasing pay levels and diluting managers' incentives.

This book identifies basic problems with our current reliance on boards as guardians of shareholder interests and proposes solutions to restore corporate integrity and improve corporate performance.

With a powerful critique of executive compensation and corporate governance, Pay without Performance points the way to improving corporate performance and restoring trust in the market.