Do CEOS Encounter Within-Tenure Settling Up? A Multiperiod Perspective on Executive Pay and Dismissal

Material TypeArticleLanguageEnglish
TitleDo CEOS Encounter Within-Tenure Settling Up? A Multiperiod Perspective on Executive Pay and Dismissal Author(S)Adam J Wowak (Author)
Abstract  We consider a central puzzle surrounding CEO accountability: What explains the payoffs and penalties that CEOs receive? Invoking Fama's concept of “settling up,” we examine how a CEO's entire performance record and history of prior over- or underpayment affect current pay and the odds of dismissal ...Paginationp719-739
SubjectManagementDescriptorsManagement
Journal TitleThe Academy of Management Journal  
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