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...

Ausführliche Beschreibung

1. Verfasser:

Skladany, Martin

Format:

Elektronisch E-Book

Sprache:

Englisch

Veröffentlicht:

[Place of publication not identified] : MIT Sloan Management Review, 2022.

Ausgabe:

[First edition].

Zusammenfassung:

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.

Umfang:

1 online resource (6 pages)

Schlagworte:

Bonuses (Employee fringe benefits)

Executives > Salaries, etc.