金融学基础语银行实务3.0_PPT5.pptVIP

The Objective of Financial Management Motivating Managers: Executive Compensation One way to encourage management to act in shareholders’ best interests, and so minimize agency problems and costs, is through executive compensation. Executive compensation: how top management is paid. The Objective of Financial Management Motivating Managers: Executive Compensation Executive compensation: how top management is paid. Salary： Bonus： Stock appreciation right： Performance shares: Stock option: Restricted stock grant: Question: as we go along to explain each way to compensate, think ab