search query: @author Witt, P. / total: 9
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| Author: | Bernhardt, W. Witt, P. |
| Title: | Stock Options und Shareholder Value |
| Journal: | Zeitschrift für Betriebswirtschaft
1997 : VOL. 67:1, p. 85-101 |
| Index terms: | STOCK OPTIONS SHAREHOLDER VALUE EXECUTIVES MARKET CONDITIONS USA GERMANY |
| Language: | ger |
| Abstract: | In their 1996 shareholders' meetings, Deutsche Bank AG and Daimler Benz AG voted to establish stock option plan for their board members. Other German firms could follow. The idea of stock options for top executives as well as the concept of shareholder value, which is closely connected, originated in the United States. However, closer analysis reveals serious problems. Even in the US , stock options are disputed. Their use in Germany causes many additional problems due to the corporate governance structures, the employment and compensation schemes for top executives and capital market conditions, all of which vary from those in the US. Furthermore, at a time when companies are reducing employment - in some cases even to the extent of mass lay-offs - stock options for the top employees of those same companies may seem inappropriate. |
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