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If the SEC Measured CEO Pay Packages Properly, They Would Look Even More Outrageous

Harvard Business Review

DECEMBER 22, 2016

The EFV represents a hypothetical “before the fact” calculation of what a CEO might eventually gain upon cashing in the stock options and stock awards that make up the overwhelming majority of most top executives’ pay.

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CEO Black-Scholes Price Merton 8
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What an Economist Brings to a Business Strategy

Harvard Business Review

SEPTEMBER 29, 2014

Although many business executives sat through one, or perhaps several, courses in economics while in school, most probably took away little more than the supply and demand graphs to which they were introduced early in their first course. Admittedly, better pricing of options has been a mixed blessing.

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Strategy Black-Scholes Airlines Price 12
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