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Six Challenges in Designing Equity-Based Pay

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NBER2003-08-01 更新2025-01-04 收录
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This paper analyzes why the primary goal of the equity-pay explosion--creating long-run ownership incentives for top executives--has often been difficult to achieve in practice. More generally, I describe six challenges in the design of equity-based pay plans and discuss potential solutions. The six

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2003-08-01
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