Page 112
15 The Arm's-Length Bargaining Model of Executive Compensation The literature
identifies three particular ways in which the interests of shareholders and
managers may diverge. First, and most obviously, managers may shirk—in the ...
Page 114
23 As a result, financial economists loyal to the arm's-length bargaining model
assume compensation schemes are generally efficient, while courts generally
defer to board of director decisions. According to proponents of the arm's-length ...
Page 271
... 180 Angelides, Phil, 247 Apartheid in South Africa, 206 Appointments Clause,
183,185 Arm's-length bargaining model of executive compensation, 112–15
Arrow, Kenneth J., 237–38 Arthur Andersen, 7, 179–80, 187 Asset-backed
securities ...
Page 276
... 191, 201 European Union High-Level Group on Financial Supervision, 10
Evidence of director independence, 100–101 Exar Corporation, 251 Executive
compensation, 18, 109–37 arm's-length bargaining model of, 112–15 ban on
loans to ...