Fair Pay, Fair Play Aligning Executive Performance and Pay

by Ferracone, Robin A.

• ISBN13: 9780470571057
• ISBN10: 0470571055
• Edition: 1st
• Format: Hardcover
• Copyright: 2010-04-12
• Publisher: Jossey-Bass
• More Book Details

Summary

A timely look at how to evaluate and determine executive payRecognized as the leading expert on executive compensation, Robin Ferracone combines her own 20 years of experience with interviews with executives and compensation committees to provide a clear examination of and guidance on determining pay packages, actions, and designs. and Over the past 25 years, the author has created a database of executive pay across 44,000 companies, broken down by company performance, company revenue and industry. Using this data, the author provides boards and individuals evaluating executive pay with the ability to analytically determine an appropriate compensation package. Provides real-life stories, perspectives, and insights from thought leaders on executive compensation Contains interview with compensation committee members, executives, academicians, government leaders, and shareholder activists Research based on 44,000 companies broken down by performance, revenue and industryOffers a timely resource on a hot button topic.

Author Biography

Robin A. Ferracone is founder and executive chair of Farient Advisors LLC and founder and CEO of RAF Capital LLC. Ferracone is a thirty-year veteran of the executive compensation consulting world and has worked at Farient Advisors, Mercer, SCA Consulting, and Booz Allen & Hamilton (now Booz & Company). She has been a senior advisor to executives and compensation committees for over thirty years and has served on both for-profit and not-for-profit boards. In 2003, she received the WorldatWork Distinguished Service Award.

Table of Contents

Preface	p. vii
Fair Pay	p. 1
Same Problems, Different Context	p. 3
Shareholder Value: A Good Indicator of Long-Term Success	p. 23
The Anatomy of Performance-Adjusted Compensation (PAC)	p. 41
The Performance and Pay Alignment Zone	p. 57
The Alignment Report	p. 73
From Maligned to Aligned	p. 83
Patterns of Misalignment	p. 91
Fair Play	p. 111
The Root Causes of Misalignment	p. 113
Aggressive Target Pay	p. 125
Turbo-Charged Upside	p. 145
Conventional Goal-Setting	p. 157
Short-Term Gain; Long-Term Pain	p. 187
Flattening the Curve	p. 199
Ad Hoc Decisions	p. 205
Decision-Making Influences	p. 217
Creating and Maintaining Alignment	p. 231
Epilogue: Holding Companies Accountable	p. 241
Analytic Methodologies	p. 253
GICS Sectors	p. 255
List of Interviewees	p. 257
Notes	p. 261
Acknowledgments	p. 265
The Author	p. 267
Index	p. 269
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