Shareholders of the world, unite!
If you have to fail, best to fail as the boss of a big US corporation. This week, Bob Nardelli left Home Depot shareholders holding shares worth somewhat less than when he arrived six years ago, but he has walked away with a severance package worth $210m. Mediocrities everywhere will be cursing their choice of career.
Admittedly, it is not easy to find the right mix of incentives for executives. A miserly pay package will attract weak candidates. A package that does not reward success will invite bureaucratic box-ticking. Poorly designed executive compensation can also encourage excessive risk-taking, short-sightedness, or even fraud. Executive pay is a difficult business.
Lire la suite sur:http://www.ft.com/cms/s/7a6cf20e-9d2a-11db-8ec6-0000779e2340.html
(Source: FT)
Voila un bon article du FT autrement instructif que les banalités anti-capitalistes vehiculées par nos medias romands.
-
10 Janvier 2007 à 18:30 dans
- Economie
