Tepper School of Business
Chester Spatt video on Executive Compensation
“One of the concerns that I have in our current climate is that it may be increasingly difficult to attract talented people to serve on boards because of all the responsibility that our society now is expecting of board members, and that the positions themselves may not be sufficiently attractive to attract talented people. I think in the past, being a board member of a major corporation was viewed as a really great networking opportunity. And I think there’s an appreciation that it’s also a very serious responsibility.”
In this interview video Spatt discusses basic issues involving the level of executive compensation, the extent to which executive compensation is tied to changes in the value of the firm and other benchmarks. Further, the interview includes Spatt talking about stock options and the roles of the board of directors in executive compensation.
Part 1 (.mov) Issues in Executive Compensation [7:15]
Part 2 (.mov) Stock Options [6:23]
Part 3 (.mov) Board of Directors and Executive Compensation [7:39]
Chester Spatt
Mellon Professor of Finance and director of the Center for Financial Markets
Former Chief Economist and Director, Office of Economic Analysis
U.S. Securities and Exchange Commission
