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Shame sanctions and excessive CEO pay

Gopalan, Sandeep 2007, Shame sanctions and excessive CEO pay, Delaware journal of corporate law, vol. 32, pp. 758-796.

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Title Shame sanctions and excessive CEO pay
Author(s) Gopalan, Sandeep
Journal name Delaware journal of corporate law
Volume number 32
Start page 758
End page 796
Total pages 39
Publisher Widener University
Place of publication Dayton, Ohio
Publication date 2007
ISSN 0364-9490
Summary The debate over excessive CEO compensation has roiled scholars,corporations, and the government for some time. This article suggests that there is an alternate way of attacking the problem of excessive executive pay—one that sidesteps the law and instead appeals to executives' emotions. Shame sanctions, as they are called, offer a nonlegal route to curbing exorbitant CEO compensation. This article argues that increased disclosure of executives' compensation agreements will trigger emotions like shame, guilt and embarrassment by corporations and executives. This in turn has the potential to influence financial behavior and cause corporations to be more likely to heed the concerns of the public and shareholders vis-à-vis executive pay.
Language eng
Field of Research 180199 Law not elsewhere classified
Socio Economic Objective 940499 Justice and the Law not elsewhere classified
HERDC Research category C1.1 Refereed article in a scholarly journal
ERA Research output type C Journal article
Copyright notice ©2007, Widener University
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Document type: Journal Article
Collection: Law
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