Harvard Business Review: Stop paying executives for performance

There is a big missing link in all this. The owners of the business.

If they sit around on yachts toasting eachother’s successful bumfluff removal, or whatever other minute detail of life they’ve managed to pull off, rather than focusing on the performance of their company - then kind of tough - live with it.

There’s collateral damage with publicly listed companies - sure - the other shareholders - but they should really be working for a way to influence management.

If you hand someone the keys and say “run this”, and disappear over a horizon, then don’t expect anything except greedy grabbing to happen.

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