What do unions do to CEO compensation?
by Rafael Gomez
In this paper we estimate the relation between union presence and CEO compensation, using a unique panel of publicly listed US firms for the period 1992-2001. We find that, on average, union presence: 1) is significantly associated with lower levels of total CEO compensation; 2) affects the mix of CEO compensation by providing higher levels of pay but much lower stock option values; 3) lowers dispersion of CEO compensation across firms; and 4) does not significantly reduce the performance sensitivity of CEO compensation as compared to non-union firms.
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What do unions do to CEO compensation?
2006, Centre for Economic Performance, London School of Economics and Political Science
electronic resource /
in English
0753019469 9780753019467
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Title from PDF file (viewed on May 31, 2006).
"May 2006."
Includes bibliographical references.
Also available in print.
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Mode of access: World Wide Web.
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