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Mutuality, performance and executive compensation

Mutuality, performance and executive compensation

Authors :
Ingham, Hilary
Thompson, Steve
Source :
Oxford Bulletin of Economics & Statistics. August, 1995, Vol. 57 Issue 3, p295, 14 p.
Publication Year :
1995

Abstract

A study on CEO remuneration using a sample of UK building societies is presented. The study reinforces the potential for inefficiencies in mutuals. The study identifies age, rather than performance improvements, as the chief personal characteristic that determines an increase in remuneration for CEOs. The study suggests the absence of a mechanism that can align manager and owner interests in UK building societies.

Details

ISSN :
03059049
Volume :
57
Issue :
3
Database :
Gale General OneFile
Journal :
Oxford Bulletin of Economics & Statistics
Publication Type :
Academic Journal
Accession number :
edsgcl.17571083