Stock options and the new rules of corporate accountability

Donald P. Delves

224 pages, parution le 06/11/2003

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Résumé

As a former CEO and independent director of several corporations, I find Don Delves discussion of executive compensation -- including detailed and insightful reviews of the issues involving stock options -- to be exceedingly instructive. This is a book that members of compensation committees, indeed all corporate board members should read.

B. Kenneth West, Former CEO, Harris Trust and Savings Bank and member of several corporate boards.

Guidelines for curbing todays stock option abuses, and making payment for performance the new imperative. Stock options account for up to 90 percent of the average CEOs compensation--despite a falling stock market and often plunging corporate earnings. Stock Options and the New Rules of Corporate Accountability examines this hot-button issue, proposing new methodologies and techniques for better aligning stock options, executive compensation, performance rewards, and accounting, and making sense of what has become todays most controversial form of compensation.

Executive compensation authority Don Delves explains how high-profile corporations like GE and Coca-Cola have opted to expense stock options and have adjusted their policies to prevent options from becoming disincentive tools, and he shows others how to follow suit. In addition, Delves gives decision makers the knowledge they need to:

Increase accountability by treating stock options as expenses
Balance options with other incentives
Create healthier contracts between employers and employees

Introduction
The Stock Option Problem
- Dimensions of the Problem
- The Sources of the Problem
- The Accounting Story
Elements of the Solution
- An Accounting Solution Everyone Can Live With
- Valuing Options
- Providing the Right Questions - and the Right Tools - for Boards
- Making Options Performance Based
- Designing a Balanced Portfolio of Incentives
- Building Healthy Employee-Employer Contracts for Public and Private Companies
The Path to Accountability
- Restoring Corporate Integrity
- Vision for the Future
Endnotes
Index

L'auteur - Donald P. Delves

Donald Delves, C.P.A. is the founder and president of consulting firm The Delves Group. Previously a senior consultant at Sibson and Company and an executive compensation consultant with Towers Perrin, he has been featured in Strategic Finance, The Stock Plan Advisor, Crains Chicago Business, and other publications.

Caractéristiques techniques

	PAPIER
Éditeur(s)	Mc Graw Hill
Auteur(s)	Donald P. Delves
Parution	06/11/2003
Nb. de pages	224
Format	16 x 23,5
Couverture	Relié
Poids	510g
Intérieur	Noir et Blanc
EAN13	9780071417549