kaal:claim:2097160-026

Path dependencies in United States executive compensation culture could make it difficult to lower overall executive pay or to add new design elements such as contingent convertible bonds.

Source quote, verbatim
However, it is important to note that path dependencies in the executive compensation culture191 in the United States could make the lowering of overall compensation for executives and the addition of new design elements in executive compensation difficult.
From

Wulf A. Kaal, Contingent Capital in Executive Compensation (2012), V.B.2 The Benefits of Early Triggers, p. 48
https://ssrn.com/abstract=2097160 · source PDF

Cite as

Wulf A. Kaal, Contingent Capital in Executive Compensation (2012). SSRN: https://ssrn.com/abstract=2097160

Holds when
Classification

predictivesupport: arguedfailure: Path dependence blocks compensation redesignfamily: incumbent-resistance-to-adoptioncorporate-governance

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