CEO Compensation and Corporate Governance Case Study at NYSE



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Code : GOV0008

Year :
2004

Industry : Business Law, Governance and Ethics

Region : USA

Teaching Note:Not Available

Structured Assignment :Not Available

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Abstract: Excessive CEO compensation has sparked off discussions in the academic and the corporate circles. Dick Grasso, the former Chairman and CEO of the New York Stock Exchange (NYSE), was forced to step down in September 2003 much before his scheduled retirement in 2007, when he was accused of receiving an excessive pay package.

His case reinforced the need for reforming the governance practices at NYSE in particular and the corporate world in general.

Pedagogical Objectives:

  • To discuss the issues of separation of the office of Chairman and CEO, and the independent functioning of the boards
  • To discuss the governance practices required to eliminate incorrect and unjustified compensation pay packages of CEOs.

    Keywords : Corporate Governance Case Study, Boeing, Phil Condit, Harry Stonecipher, Pentagon and Boeing, Corporate scandals, Tanker deal, Lockheed and Boeing, Airbus, Defence deals, Integrated defence systems, Political connections, Government support, Ethical misconduct, Acquisitions, Charles Lindberg

    Contents :
    » The Compensation Issue
    » The Board and the Issue of Corporate Governance
    » Reforming the Big Board
    » Special Committee’s 10 Initial Recommendations


    Case Introduction >>


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