This book proposes a whole new system for incenting managers to act in the best interests of company owners. Reversing his earlier position - that companies probably weren't paying enough to attract the best executive talent - Jensen and his coauthors are now positing that, in fact, pay packages can be too high and too risk-free, causing otherwise highly talented managers to act in ways that destroy corporate value. The authors have identified the critical missing link in current incentive plans, namely that link between a manager's effectiveness in executing strategy and the capital market's valuation of the results, which they call strategic value accountability. They explain how it works and how to devise a plan that holds top managers accountable for creating long-term strategic value.
Restoring Integrity to Both Executive Compensation And Capital-market Relations
Hardback
Publication Date: 01/08/2020
This book identifies the critical missing link in incentive plans, link between a manager's effectiveness in executing strategy and the capital market's valuation of the results.
This book proposes a whole new system for incenting managers to act in the best interests of company owners. Reversing his earlier position - that companies probably weren't paying enough to attract the best executive talent - Jensen and his coauthors are now positing that, in fact, pay packages can be too high and too risk-free, causing otherwise highly talented managers to act in ways that destroy corporate value. The authors have identified the critical missing link in current incentive plans, namely that link between a manager's effectiveness in executing strategy and the capital market's valuation of the results, which they call strategic value accountability. They explain how it works and how to devise a plan that holds top managers accountable for creating long-term strategic value.
This book proposes a whole new system for incenting managers to act in the best interests of company owners. Reversing his earlier position - that companies probably weren't paying enough to attract the best executive talent - Jensen and his coauthors are now positing that, in fact, pay packages can be too high and too risk-free, causing otherwise highly talented managers to act in ways that destroy corporate value. The authors have identified the critical missing link in current incentive plans, namely that link between a manager's effectiveness in executing strategy and the capital market's valuation of the results, which they call strategic value accountability. They explain how it works and how to devise a plan that holds top managers accountable for creating long-term strategic value.
- ISBN:
- 9781422101179
- 9781422101179
- Category:
- Personnel & human resources management
- Format:
- Hardback
- Publication Date:
- 01-08-2020
- Language:
- English
- Publisher:
- Harvard Business School Publishing
- Country of origin:
- United States
- Pages:
- 256
- Dimensions (mm):
- 235x156mm
- Weight:
- 0.44kg
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