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Rethinking executive incentives can boost ESG performance

Economic crises tend to have a disproportionate negative impact on employees rather than high-paid executives, whose incomes often increase even at the worst of times. The author proposes a new mechanism -- parity pills -- designed to be triggered by external shocks like pandemics and recessions, or...

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Bibliographic Details
Main Author: Skladany, Martin
Format: eBook
Language:English
Published: [Place of publication not identified] MIT Sloan Management Review 2022
Edition:[First edition]
Subjects:
Primes D'entreprise
Executives / Salaries, Etc / Http://id.loc.gov/authorities/subjects/sh85046302
Bonuses (employee Fringe Benefits) / Http://id.loc.gov/authorities/subjects/sh85015601
Executives / Salaries, Etc / Fast
Bonuses (employee Fringe Benefits) / Fast
Online Access:
Collection: O'Reilly - Collection details see MPG.ReNa
Description
Summary:Economic crises tend to have a disproportionate negative impact on employees rather than high-paid executives, whose incomes often increase even at the worst of times. The author proposes a new mechanism -- parity pills -- designed to be triggered by external shocks like pandemics and recessions, or internal factors like revenue declines or pay inequality thresholds -- that would ameliorate the effects on workers while upping the financial responsibility of CEOs
Physical Description:6 pages

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