The Business of Executive Compensation
Johnson School assistant professor of finance Yaniv Grinstein discussed his seminal research on the dramatic rise in executive compensation, and how it has taken a bite out of profits, at "The Business of Executive Compensation: Are CEOs paid too much?" Jan. 18. Grinstein noted that rising compensation does not appear to be linked to company performance: about 90 percent of growth in pay is not explained by changes in company profits.
The event, hosted by Debevoise & Plimpton, LLP, at its midtown Manhattan offices, featured a lively panel discussion that also included Lisa L. Hunter '77, president, Newport Consulting Group, Inc., a firm specializing in developing comprehensive compensation programs and enhancing organizational effectiveness, and Neri Bukspan, managing director of Standard & Poor's Credit Market Services. David Mason, JD '88, moderated the panel. Mason is a partner in Debevoise & Plimpton, and a member of the firm's executive compensation and employee benefits group, and its private equity group.
More than 60 Cornell University alumni and friends attended the event, which was sponsored by the Johnson School, the Johnson School Club of New York, the Law School at Cornell University, and Debevoise & Plimpton, LLP.