Managerial Opportunism in Modern Russian Corporations

Abstract

The sustainable development of the corporation in unstable economic conditions is largely determined not only by the current situation of the market, but also by competent actions of management personnel. In the negative economic situation in the country and the world, the interaction between the subjects of the corporation at different levels is characterized by a high degree of managerial opportunism. This article deals with the structure of the top managers’ remuneration in Russian corporations. There is a rating of the dependence of the level of wages due to the results of manager's activity. The average wage dispersion within manager and staff worker groups of the corporations is estimated. The presented results show that the existence of problems of managerial opportunism are common for all companies in the world and require the development of effective mechanisms for its limitation.