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Changing attitudes toward executive perquisites: indications from TARP
Date:
2018
Type:
Text
Source:
Proceedings of the 48th Atlantic Schools of Business conference, Université de Moncton, 2018, pp 142-154
Abstract:
This paper examines what happened to Chief Executive Officer (CEO) monetary and nonmonetary compensation at Standard & Poors (S&P) 500 firms in the years surrounding the 2008 financial crisis and in the context of the Troubled Asset Relief Program (TARP) legislation. We use novel data on executive perks at S&P 500 firms from 2006 to 2012. Overall, the results are consistent with lasting impact on nonmonetary compensation and temporary impact on monetary compensation.
Subject:
- Executives -- Salaries, etc. -- United States
- Troubled Asset Relief Program (U.S.)
URI:
Link to Full Text
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