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| Author: | Conyon, M.J. (et al.) |
| Title: | The structure of executive compensation contracts: UK evidence |
| Journal: | Long Range Planning
2000 : AUG, VOL. 33:4, p. 478-503 |
| Index terms: | CHIEF EXECUTIVE OFFICERS COMPENSATION STOCK OPTIONS UNITED KINGDOM |
| Language: | eng |
| Abstract: | In this article the authors examine CEO stock option contracts using UK data for the 1997 fiscal year. They show how the portfolio of options varies with firm wealth; describe the structure of the contract (in terms of vesting criteria related to performance targets); and illustrate whether the option performance criteria is historically "demanding". Finally, they show how the pay-performance term varies with the structure of the option contract. |
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