Our current state can be traced to the early 90s, which happens to coincide with thinking originating at the Harvard Business School that CEO compensation should be tied to stock performance. The idea is that the best way to increase shareholder return is to create incentives tied to that return. Unfortunately, the idea is a theory that is proving to be false.
from Frank McPherson’s Web Notes https://ift.tt/2HFjGYe
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Notes From The Cave 