I mark it as a dark day for American corporate leadership when stock options became the fundamental center of executive pay. Options were meant to focus an executive’s attention on long-term growth. But a market fueled by ever shorter-term demand for double digit growth morphed the rewards into an addiction for relentless quarter on quarter performance.
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HBR and the Virtuous Circle
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I mark it as a dark day for American corporate leadership when stock options became the fundamental center of executive pay. Options were meant to focus an executive’s attention on long-term growth. But a market fueled by ever shorter-term demand for double digit growth morphed the rewards into an addiction for relentless quarter on quarter performance.