Where: Erasmus University Rotterdam, Woudestein Campus
When: 8 June, 2018
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The financial crises has revived a heated debate on executive compensation that centers around the question whether executive pay is efficient, i.e. in the best interest of the companies. Many features of executive compensation, like high and increasing pay packages, large option holdings, and generous severance pay, are often cited as proof that current compensation practice and corporate governance is deeply flawed. In many cases, however, the scientific literature has been able to provide economic answers why seemingly inefficient pay arrangements might nevertheless be efficient.