Table of Contents:

HOW MUCH COMPENSATION IS APPROPRIATE?

* Are corporate executives overpaid? by John C. Baker

* Are executives overpaid? Readers respond by John C. Baker

* The 'devaluation' of the American executive by David Kraus

* Compensation of directors by Myles L. Mace

* Compensation for outside directors by Robert W. Lear

DETERMINANTS OF COMPENSATION LEVELS

* Should CEO pay be linked to results? by K.R. Srinivasa Murthy and Malcolm S. Salter

* Compensation and the mobile executive by Gerard R. Roche

* Accelerating pay rates for managers who switch employers by Donald C. Wiliams

* Case of Big Mac's pay plans by W. earl Sasser and Samuel H. Pettway

* Taking time seriously in evaluating jobs by Elliott Jaques

STOCK PLANS AND PERKS

* Executive 'perks' and personal income taxes by Robert E. Hanson and Carl D. Harnick

* Comeback for restricted stock plans by Louis J. Brindisi, Jr

* Successors to the qualified stock option by James F. Carey