The Complete Guide to Executive Compensation » (Revised)

Bruce R. Ellig graduated Phi Beta Kappa with a BBA and MBA from University of Wisconsin and retired as Pfizer's Corporate Vice President in charge of worldwide HR. He also served as secretary of the board's executive compensation committee. Since then he has served on several other boards and their compensation committees. He served for many years as a program designer and instructor for WorldatWork's executive compensation programs.

Praise for the second edition of

The Complete Guide to Executive Compensation

“Ellig's encyclopedic guide to executive compensation is a “must” resource for anyone involved in preparing an employment contract. This includes executives and Board members as well as those who advise them.”-Joseph E. Bachelder III, Founder and Senior Partner, The Bachelder Law Firm

“There are a number of books on executive compensation - but none better than this one. The book is packed with up-to-date material along with numerous examples - over 100 on long-term incentives alone. If you only have room for one book on executive compensation - this is the one to have.”-E. Webb Bassick IV, Chief Executive Officer, Compensation, Strategies, Inc.

“Charges of excessive executive pay continue to fill the pages of the national business press. Compensation Committees should consider reading and learning from the “best practices” and data provided in this updated and comprehensive book which will help restore sanity to the process and avoid being targeted by the critics on this explosive issue.”-Dennis Carey, Partner, Spencer, Stuart & Founder of G100

“This is a 'must-have' book for Compensation Committee members. It describes in plain English the up-to-date technical details and design features of all elements of executive compensation, including the role of the Board. If you have any questions about executive compensation you are sure to find the answers here.”-Jill Kanin-Lovers, Member of the Board of Directors, Chair, Compensation Committee, Dots Foods, Inc., Heidrick & Struggles

“Ellig's book is simply the best guide to executive compensation. It provides many useful insights and helpful examples of different forms of executive pay.”-Professor Edward E. Lawler III, Marshall School of Business, University of Southern California, author of Built to Change

“Ellig's book is a must reference for executives, Board members, practitioners and consultants. It is both comprehensive and easy to use - a major contribution to the knowledge of executive compensation.”-Pearl Meyer, Senior Managing Director, Steven Hall and Partners

“Ellig continues to lead by example; to support advancing knowledge he personally funded a research chair at a leading university - and now he has updated and improved his best selling book on executive pay.”-George T. Milkovich, Catherwood Professor, Emeritus, Cornell University

Bruce R. Ellig graduated Phi Beta Kappa with a BBA and MBA from University of Wisconsin and retired as Pfizer's Corporate Vice President in charge of worldwide HR. He also served as secretary of the board's executive compensation committee. Since then he has served on several other boards and their compensation committees. He served for many years as a program designer and instructor for WorldatWork's executive compensation programs.

Preface     ix
Acknowledgments     xi
Executive Compensation Framework     1
Performance measurements and Standards     41
Current versus Deferred Compensation     76
The Stakeholders     100
Salary     167
Employee Benefits and Perquisites     225
Short-Term Incentives     345
Long-Term Incentives     402
Design and Communication Considerations     527
The Board of Directors     576
The Past, Present, and Future     631
Summaries     651
Glossary     657
Dow Jones Industrial Averages     731
Selected Laws     733
Selected Internal Revenue Code Sections     745
Selected Revenue Rulings     751
Selected SEC Actions     755
Selected Accounting Interpretations     758
Index     765