Paying for long-term performance

HIGHLIGHTS

• who: Lucian A. Bebchuk & Jesse M. Fried from the Department York University have published the Article: Paying For Long-Term Performance, in the Journal: (JOURNAL) of June/18,/2009
• what: In this Article, building on the earlier work, the authors seek to contribute to pay-arrangement reform by providing a framework and a blueprint for tying executives' equity-based compensation-the primary component of their pay packages-to long-term performance. The analysis in Part I focuses on the optimal design of limitations on unwinding. Tying the freedom to cash out to retirement, the authors . . .
  

   

  

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