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.
HBR and the Virtuous Circle
HBR and the Virtuous Circle
HBR and the Virtuous Circle
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.