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The prince and the pauper? CEO pay in the United States and United Kingdom
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UNSPECIFIED (2000) The prince and the pauper? CEO pay in the United States and United Kingdom. ECONOMIC JOURNAL, 110 (467 Sp. Iss. F). F640-F671. ISSN 0013-0133.
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Abstract
We document differences in CEO pay and incentives in the United States and the United Kingdom for 1997. After controlling for size, sector and other firm and executive characteristics, CEOs in the US earn 45% higher cash compensation and 190% higher total compensation. The calculated effective ownership percentage in the US implies that the median CEO receives 1.48% of any increase in shareholder wealth compared to 0.25% in the UK. The differences, can be largely attributed to greater share option awards in the US arising from institutional and cultural differences between the two countries.
| Item Type: | Journal Article | ||||
|---|---|---|---|---|---|
| Subjects: | H Social Sciences > HC Economic History and Conditions | ||||
| Journal or Publication Title: | ECONOMIC JOURNAL | ||||
| Publisher: | BLACKWELL PUBL LTD | ||||
| ISSN: | 0013-0133 | ||||
| Official Date: | November 2000 | ||||
| Dates: |
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| Volume: | 110 | ||||
| Number: | 467 Sp. Iss. F | ||||
| Number of Pages: | 32 | ||||
| Page Range: | F640-F671 | ||||
| Publication Status: | Published |
Data sourced from Thomson Reuters' Web of Knowledge
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