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Jensen (1990) and others used empirical evidence to demonstrate that there was a link between large pay bonuses provided to executives on a performance basis and improved corporate performance . Th ese theories in part motivated the trend be- ginning in the 1990s of deliberate struc- turing of corporate executive salaries to match performance of the corporation as closely as possible, usually through options to purchase shares in the com- pany on advantageous terms off ered to the executive. Over time the under-cost- ing and over-issuing of such bonuses has led to much higher salaries and Jensen’s objectives not being realized. . | International Journal of Ecosystems and Ecology Sciences IJEES Vol. 2 4 361-368 2012 ECONOMIC ENVIRONMENTAL AND ENERGY ASSESSMENT OF THE TURIN-LYON HIGH-SPEED RAIL L.Giunti1 L.Mercalli2 A.Poggio3 M. Ponti4 A. Tartaglia3 S.Ulgiati5 M. Zucchetti3 61 1 HSR Technical Committee of CMVSS see note 1 2 SMI - Italian Metheorological Society 3 Politecnico di Torino Italy 4 Politecnico di Milano Italy 5 Parthenope University Naples Italy 6 UCLA Los Angeles USA Email zucchetti@polito.it Received June 2012 Accepted October 2012 ABSTRACT One of the best known cases of struggle for the commons in Italy characterized by bitter controversies over the last 20 years is the popular opposition to the construction of the High Speed Railway line HSR TAV in Italian between Turin and Lyon designed to cross the Susa Valley at the Italian-French border and the Alps. This HSR project still carries in spite of twenty years of continuous updating and reworking a great deal of unsolved environmental and economic issues. An issue of insufficient cost-benefit balance has recently come to clear evidence especially in view of the non-negligible passenger and freight traffic decrease along the Turin-Lyon direction. The most important aspects dealing with economic costs and claimed benefits energetic considerations legal constraints environmental impact health impact potential and the negative experience of other projects are discussed they all suggest that the High-Speed Train Turin-Lyon is not a priority for Italy and France and its construction should be immediately stopped. INTRODUCTION The construction of the High Speed Railway HSR TAV in Italian line Turin-Lyon in the Susa Valley Italy has long been surrounded by bitter controversies about the most significant and technical aspects of the proposed project. Beyond the claims and positions in favor or against HSR implementation this paper aims to explore some of the critical aspects of the proposed project. The HSR project brings with it after .
