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Full-Text Articles in Labor Relations
Reciprocally Interlocking Boards Of Directors And Executive Compensation, Kevin F. Hallock
Reciprocally Interlocking Boards Of Directors And Executive Compensation, Kevin F. Hallock
Kevin F Hallock
Is executive compensation influenced by the composition of the board of directors? About 8% of chief executive officers (CEOs) are reciprocally interlocked with another CEO—the current CEO of firm A serves as a director of firm B and the current CEO of firm B serves as a director of firm A. Roughly 20% of firms have at least one current or retired employee sitting on the board of another firm and vice versa. I investigate how these and other features of board composition affect CEO pay by using a sample of 9,804 director positions in America's largest companies. CEOs who …
A Descriptive Analysis Of Layoffs In Large U.S. Firms Using Archival Data Over Three Decades And Interviews With Senior Managers, Kevin F. Hallock
A Descriptive Analysis Of Layoffs In Large U.S. Firms Using Archival Data Over Three Decades And Interviews With Senior Managers, Kevin F. Hallock
Kevin F Hallock
This paper uses data on over 4,600 layoff announcements in the U.S., covering each firm that ever existed in the Fortune 500 between 1970 and 2000, along with 40 interviews of senior managers in 2001 and 2002 to describe layoffs in large U.S. firms over this period. In order to motivate further work in the area, I investigate six main issues related to layoffs: timing of layoffs, reasons for layoffs, the actual execution of layoffs, international workers, labor unions, and the types of workers by occupation and compensation categories. The paper draws on literature from many fields to help further …