Excerpt: This article compares executive pay practices in the U.S. with those employed elsewhere in the world. [It provides an overview of current practices and analyzes] whether there is likely to be a convergence of these practices. It first examines the influence of market based factors, such as evolving share ownership patterns, cross-border hiring, transnational mergers and acquisitions, and the growth of multinational enterprises, on the likelihood of convergence occurring. It concludes that these factors point in the direction of increasing convergence in executive pay.

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