Doug Branson Quoted on Executive Pay in Energy News Site, PowerSource
On April 15, 2014, the Pittsburgh Post-Gazette’s energy news site, PowerSource, published an article "Slicing the Corporate Pie," concerning top executives' pay, particularly in the energy industry. Author Anya Litvak interviewed and quoted Professor Douglas Branson: "[S]ome executive compensation experts, such as Doug Branson, a professor of business law at the University of Pittsburgh, say [use of all or nearly all equity-based compensation] ignores a company's other constituents: employees, suppliers and customers. "We're finding that excessive stock options are not a good thing," he said, as they incentivize "taking excessive risk, and taking excessive risk is antithetical to sustainability."
Read the full article here.