Date Added: Jan 2010
To a casual observer, the United States corporate governance system may seem as if it is beyond repair. New research poses the question: If U.S. corporate governance is so bad, why has performance been so good? For the past two years, enormous media attention has been trained on the alleged corporate board and governance failures at Enron, WorldCom, Tyco, Adelphia, Global Crossing, and others. Top executive compensation is routinely criticized as inefficient, excessive, or both.