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dc.contributor.convenorAlison Barnes, Michael Lyonsen_AU
dc.contributor.authorPeetz, Daviden_US
dc.contributor.editorAlison Barnes, Michael Lyonsen_US
dc.date.accessioned2017-04-04T15:23:17Z
dc.date.available2017-04-04T15:23:17Z
dc.date.issued2010en_US
dc.date.modified2011-02-03T07:00:26Z
dc.identifier.refurihttp://www.alloccasionsgroup.com/AIRAANZ2010en_AU
dc.identifier.doihttp://airaanzweb.weebly.com/2010-conference-main.htmlen_AU
dc.identifier.urihttp://hdl.handle.net/10072/35965
dc.description.abstractVarious explanations have been put forward for the recent divergence in growth rates of CEO pay and average earnings, but those which most clearly match the evidence concern power and the institutions of remuneration setting. Executive pay is characterised by 'dual asymmetric pattern bargaining', whereby firms seek to benchmark their CEO pay to higher-paying firms, and grant CEOs, with whom corporate decision makers share a social milieu, increasing benefits which also confer status benefits on the firm - in sharp contrast to the distributional pay negotiations which occur with workers. Executive remuneration rises disproportionately during boom periods, but fails to symmetrically fall during poor times. Thus 'everybody knows' that CEOs are overpaid, but firms are unwilling to do anything about it, because to do so would damage internal class relations and firm status. The different methods of pay setting for workers and CEOs reflect core differences in class power and changes in that balance of power during a period of neoliberalism.en_US
dc.description.peerreviewedYesen_US
dc.description.publicationstatusYesen_AU
dc.format.extent153985 bytes
dc.format.mimetypeapplication/pdf
dc.languageEnglishen_US
dc.language.isoen_AU
dc.publisherUniversity of Western Sydneyen_US
dc.publisher.placeAustraliaen_US
dc.publisher.urihttp://www.alloccasionsgroup.com/AIRAANZ2010en_AU
dc.relation.ispartofstudentpublicationNen_AU
dc.relation.ispartofconferencenameAIRAANZ: Work in Progress: Crises, Choices and Continuityen_US
dc.relation.ispartofconferencetitleAIRAANZ: Work in Progress: Crises, Choices and Continuity. Proceedings of the 24th Conferenceen_US
dc.relation.ispartofdatefrom2010-02-03en_US
dc.relation.ispartofdateto2010-02-05en_US
dc.relation.ispartoflocationSydneyen_US
dc.rights.retentionYen_AU
dc.subject.fieldofresearchIndustrial Relationsen_US
dc.subject.fieldofresearchcode150306en_US
dc.titleAsymmetric reference points and the growth of executive remunerationen_US
dc.typeConference outputen_US
dc.type.descriptionE1 - Conference Publications (HERDC)en_US
dc.type.codeE - Conference Publicationsen_US
gro.facultyGriffith Business School, Dept of Employment Relations and Human Resourcesen_US
gro.rights.copyrightCopyright 2010 Association of Industrial Relations Academics Australia & New Zealand (AIRAANZ). The attached file is posted here in accordance with the copyright policy of the publisher, for your personal use only. No further distribution permitted. Use hypertext link for access to publisher's website.en_AU
gro.date.issued2010
gro.hasfulltextFull Text


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    Contains papers delivered by Griffith authors at national and international conferences.

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