Browsing by Subject "Executives"

Now showing 1 - 2 of 2
  • Thumbnail Image
    Item
    "Golden Parachutes": A Closer Look
    (University of California, 1984) Cochran, Philip L.; Wartick, Steven L.
    This article describes various aspects related to the policy of golden parachutes (GP). Discussed are golden parachutes in regards to changes in organizational control, voluntary and involuntary termination, and guaranteed employment provisions. In regards to the question of who has golden parachutes, the authors examined the proxy statements of all of the 1981 Fortune 500 companies. Content analysis of these statements was conducted. The authors determined that 11 percent of those firms had GPs. Also discussed is what is included in a GP, the pros and cons of GPs, and the legal perspectives.
  • Thumbnail Image
    Item
    The Influence of Executive Selection Factors on the Performance of Public Sector Organizations in Korea
    (Taylor & Francis, 2014) Park, Sanghee; Cho, Yoon Jik
    This research explores the determinants of organizational performance, focusing on executive selection factors. Despite the growth of public sector organizations in various policy fields, there have been few empirical studies of the relationship between executive selection and performance. Using the panel data from 1999 to 2007 of 13 quasi-governmental Korean organizations classified as government corporations, this research examines how politicization of boards, chief executive succession, and insider/outsider origin of chief executives affect organizational performance as measured by two indicators, the Performance Evaluation Index (PEI) and the Consumer Satisfaction Index (CSI). The results demonstrate that board politicization and chief executive succession have a significantly positive effect on the PEI, whereas the CSI is largely determined by contextual factors, such as presidential change and unemployment rate. Financial support from the government shows consistent influence on both performance indicators.