A UCLA professor has written on the MITSloan web site that it's time to get rid of Performance Reviews.This is an important topic because performance management is a critical linchpin to holding people accountable, one of the the most common failings acknowledged by middle market executives.Is the professor ahead of…
Gretchen Morgenson's column in yesterday's NY Times offers an interesting summary of the Executive Compensation guidelines that accompany the taxpayer's investment in the capital markets. A government rescue effort looks appealing in broad economic areas where a central bank fuels the capital markets and where individual investments need safeguarding. The…
Gretchen Morgenson from the NY Times writes in Sunday’s paper about AIG in “Behind Biggest Insurer’s Crisis, A Blind Eye to a Web of Risk“. There are a lot of lessons here, mostly reminders of lessons you’d think were already learned.
There’s a failure of leadership when you look at the practices of AIG’s London office, which has been tossing around hand grenades for years. There’s a failure of corporate governance that allows the small London office’ to ignite the firestorm that brings AIG to the government’s front steps. There’s a flood of extraordinary compensation for the 400 people in the London office (more…)
I wrote several columns in December last year, With Wall St. as Sideshow, Performance is Best Salary Guide, discussed the extraordinary exit strategies for Wall St. executives whose performance was dismal. In Even the Giants Don't Plan for Executive Succession, I commented further on unbridled executive pay in the context…
It's a sobering time for many who relied upon stock options to pay for college, fund the Aspen country home, quit work at 30 and buy the G4 . . . . you know what I mean. Here's a short article from Time that places equity compensation wisely among other…