The Complete Guide to Executive Compensation - Hardcover

Ellig, Bruce

Hardcover

ISBN 10: 0071474072 ISBN 13: 9780071474078

Publisher: McGraw-Hill, 2007

Synopsis

ANSWERS TO EXCESSIVE EXECUTIVE PAY

Charges of excessive executive compensation have filled the business press for a number of years, yet few understand why pay plans trigger such results.This desktop reference book is an easy-to-access, invaluable guide to structuring appropriate executive pay plans. Properly used, it will help avoid excessive executive pay resulting from poorly designed plans.

Written by renowned compensation expert Bruce Ellig, this book is a must read for the designers, approvers, and recipients of executive compensation, as well as those who write about the subject. Consultants and in-house pay designers will find detailed examples (supplemented with over 400 figures and tables) to trigger their own creativity. Compensation committees and other approvers of executive pay plans will value the definitions and descriptions of various pay plans and the conditions under which they would be appropriate. Executives themselves will find the book useful. Not only in better understanding their own plans, but learning more about other plans, both those they may only have heard about, as well as many that have not yet caught their attention. And those who write about the subject will be able to put their comments in a better perspective..

The Complete Guide to Executive Compensation takes an in-depth look at each of the executive pay elements: salary, executive benefits and incentives (both short and long term). This review also includes the role of the board of directors (and its compensation committee) along with the influence of the major stakeholders (most notably the shareholder). And a complete chapter is devoted to various measurements of executive performance.

This book also contains a compendium of selected key information on executive compensation, including laws, Internal Revenue Code sections, IRS revenue rulings, accounting interpretations, and SEC actions. No other book has such a complete resource section. In addition, it includes both a historical review of key developments and a look ahead, as well as a glossary with more than 2,000 definitions.

About this title

About the Author

Bruce R. Ellig graduated Phi Beta Kappa with a BBA and MBA from University of Wisconsin and retired as Pfizer's Corporate Vice President in charge of worldwide HR. He also served as secretary of the board's executive compensation committee. Since then he has served on several other boards and their compensation committees. He served for many years as a program designer and instructor for WorldatWork's executive compensation programs.

From the Back Cover

Praise for the second edition of

The Complete Guide to Executive Compensation

“Ellig's encyclopedic guide to executive compensation is a “must” resource for anyone involved in preparing an employment contract. This includes executives and Board members as well as those who advise them.”-Joseph E. Bachelder III, Founder and Senior Partner, The Bachelder Law Firm

“There are a number of books on executive compensation - but none better than this one. The book is packed with up-to-date material along with numerous examples - over 100 on long-term incentives alone. If you only have room for one book on executive compensation - this is the one to have.”-E. Webb Bassick IV, Chief Executive Officer, Compensation, Strategies, Inc.

“Charges of excessive executive pay continue to fill the pages of the national business press. Compensation Committees should consider reading and learning from the “best practices” and data provided in this updated and comprehensive book which will help restore sanity to the process and avoid being targeted by the critics on this explosive issue.”-Dennis Carey, Partner, Spencer, Stuart & Founder of G100

“This is a 'must-have' book for Compensation Committee members. It describes in plain English the up-to-date technical details and design features of all elements of executive compensation, including the role of the Board. If you have any questions about executive compensation you are sure to find the answers here.”-Jill Kanin-Lovers, Member of the Board of Directors, Chair, Compensation Committee, Dots Foods, Inc., Heidrick & Struggles

“Ellig's book is simply the best guide to executive compensation. It provides many useful insights and helpful examples of different forms of executive pay.”-Professor Edward E. Lawler III, Marshall School of Business, University of Southern California, author of Built to Change

“Ellig's book is a must reference for executives, Board members, practitioners and consultants. It is both comprehensive and easy to use - a major contribution to the knowledge of executive compensation.”-Pearl Meyer, Senior Managing Director, Steven Hall and Partners

“Ellig continues to lead by example; to support advancing knowledge he personally funded a research chair at a leading university - and now he has updated and improved his best selling book on executive pay.”-George T. Milkovich, Catherwood Professor, Emeritus, Cornell University

Edition details

• Publisher: McGraw-Hill
• Publication date: 2007
• Language: English
• ISBN 10: 0071474072
• ISBN 13: 9780071474078
• Binding: Hardcover
• Edition number: 2
• Number of pages: 736