Publication Date

10-1999

Journal

Notre Dame Law Review

Abstract

The article critically examines the evolution of executive compensation, particularly the shift from traditional pay structures to performance-based systems, and argues that this shift has not resolved the underlying issues of excessive pay and misaligned incentives. Instead, it has introduced new conflicts of interest and inefficiencies. The author proposes a regulatory solution—a deductibility cap on executive pay—to curb excessive compensation and better align executive incentives with shareholder interests.

Volume

75

Issue

1

First Page

271

Last Page

308

Publisher

Notre Dame Law School

Disciplines

Business Organizations Law | Labor and Employment Law | Law | Taxation-Transnational

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