In his Executive Compensation column, Joseph E. Bachelder III, a partner in the Law Offices of Joseph E. Bachelder, discusses whether governance of long-term pay for executives is losing some of its focus on that objective. In particular, he examines the current emphasis on Total Shareholder Return, which measures stock growth or decline (plus dividends) between two dates (sometimes trading day averages ending on corresponding dates are used instead).
Targeting Total Shareholder Return Versus Creating Long-Term Value
New York Law Journal
September 27, 2012
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