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Article: A reply from the author. (response to articles by Abraham Zalesnik, Robert Stobaugh, Charles M. Elson, James E. Marley, Barbara Hackman Franklin, Richard H. Koppes, Leslie Levy and Robert Salwen in this issue; pp. 30, 33, 34, 36, 37, 38, 41)
- Article from:
- Directors & Boards
- Article date:
- March 22, 1996
- Author:
CopyrightCOPYRIGHT 1996 Directors and Boards. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Proponents of Alignment emphasize the character of compensation. I emphasize the character of the director. My original article did not so much affirmatively urge cash compensation as demonstrate that the current obsession with Alignment is misguided. For Hamlet, "the readiness is all"; for corporate directors, it is character and judgment - not the form of compensation - that should be "all."
Prof. Elson asserts that (a) in order to "incentivize" outside directors to fulfill their obligations, they "must" become substantial shareholders, and (b) stock compensation will "energize previously passive boards" and "create effective oversight and performance." These ...
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Article: With new statement, FASB puts end to stock comp ...
Accounting Today;
November 20, 1995 ;
700+ words
...Norwalk, Conn. - With relief and regret, the Financial Accounting Standards Board has issued a final statement on employee stock compensation, closing the door on one of the most controversial projects with which it has ever dealt. "Everybody was happy to see this project come to an end," said FASB
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