bonuses

“People generally are reluctant to accept the fact that paying performance bonuses make things worse not better – the executives themselves are certainly in denial – but there is wealth of research to show this is the case. A recent paper by Michael Cooper, Huseyin Gulen and Raghavendra Rau says bluntly: “we find evidence that chief executive pay is negatively related to future stock trends.””

A. Hilton, Evening Standard, 3 July.

 

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