Pay packages rewarding failure
The big bonuses and payouts for executive might well have contributed to the subprime meltdown.
All of the CEOs who failed got paid very well. Therefore, the pay plans had very perverse incentives.
The big bonuses and payouts for executive might well have contributed to the subprime meltdown.
All of the CEOs who failed got paid very well. Therefore, the pay plans had very perverse incentives.