Harvard Business Review LogoExecutive compensationThe Whys and Wherefores of Executive Pay by HBR EditorsFrom the Magazine (July–August 2014)PostPostShareSaveGet PDFBuy CopiesPrintLeer en españolLer em portuguêsPostPostShareSaveGet PDFBuy CopiesPrint A version of this article appeared in the July–August 2014 issue of Harvard Business Review.PostPostShareSaveGet PDFBuy CopiesPrintRead more on Executive compensation or related topics Compensation and benefits and Business history