Abstract
[E]xecutive compensation abruptly shifted in the United States during the 1990s, moving from a cash-based system to an equity-based system. More importantly, this shift was not accompanied by any compensating change in corporate governance to control the predictably perverse incentives that reliance on stock options can create.
| Original language | English |
|---|---|
| Pages (from-to) | 385-438 |
| Number of pages | 54 |
| Journal | California Law Review |
| Volume | 98 |
| Issue number | 2 |
| State | Published - Apr 2010 |