02-18-2008, 02:04 PM
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#8 (permalink)
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Pissing in the cornflakes
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Quote:
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Originally Posted by dc_dux
Greater worker representation on corporate boards which is commonplace in Europe, Japan, Korea and most other economically developed countries.
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Quote:
Compensation consultants aren't surprised by this convergence. All over Europe, they say, executives are demanding American-sized pay packages. Instead of just cash, European executives are now expecting incentive compensation like restricted shares and stock options, which can result in much higher pay packages.
Meanwhile, U.S. companies have pulled back on their use of incentive compensation, partly because of corporate scandals earlier in the decade and partly because of a change in accounting rules that require stock options to be treated as an expense. As a result, pay packages in rich countries are starting to converge.
In other words, American CEOs, like ordinary workers, are now subject to competition from cheaper foreign labor
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http://www.forbes.com/compensation/2...ml?partner=rss
Try again.
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