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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| Format: | eBook |
| Language: | English |
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[Place of publication not identified] :
MIT Sloan Management Review,
2022.
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| Edition: | [First edition]. |
| Subjects: | |
| Online Access: | Connect to the full text of this electronic book |
| 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. |
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| Physical Description: | 1 online resource (6 pages) |