Jesse Fried Questions Strength of New Executive Compensation Guidelines

Business Week, June 14, 2009 by Jane Sasseen
http://www.businessweek.com/print/bwdaily/dnflash/content/jun2009/db20090614_627879.htm

“The Administration has put forth several principles for executive compensation that should be followed, but people have understood these principles for a long time,” says Jesse Fried, a professor at the University of California at Berkeley and co-author of Pay Without Performance: The Unfulfilled Promise of Executive Compensation. “It can’t hurt to have the Treasury Secretary repeat them, though mere repetition is not that helpful. Unless the balance of power between shareholders and executives shifts, I don’t see any change coming.”