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Aligning CEO Incentives with a Company's Long-Term AgendaSimon C. Y. WongNorthwestern University School of Law; London School of Economics; McKinsey & Co. Inc. October 22, 2011 Harvard Business Review Online, October 2011 Abstract: This commentary, a contribution to the Harvard Business Review Online Forum on the CEO's role in fixing the capitalist system, makes the argument that for an incentive system to usefully support a firm's long-term, society focused agenda, companies need to lessen their reliance on financial rewards to motivate top management, strengthen share-ownership requirements and stock-vesting conditions for senior executives and board members, and change CEOs' perception of compensation as a tool to "keep score" vis-à-vis their peers and bolster their own egos.
Number of Pages in PDF File: 2 Keywords: Incentive System, Executive Compensation, Long-Term Capitalism JEL Classification: G30, G34, M52 Date posted: October 22, 2011 ; Last revised: October 23, 2011Suggested CitationContact Information
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