January 15 2010
No More Executive Bonuses!
Henry Mintzberg:
This may sound extreme. But when you look at the way the compensation game is playedand the assumptions that are made by those who want to reform ityou can come to no other conclusion. The system simply can't be fixed. Executive bonusesespecially in the form of stock and option grantsrepresent the most prominent form of legal corruption that has been undermining our large corporations and bringing down the global economy. Get rid of them and we will all be better off for it.