Reward builders rather than traders

" . . . we need to scrap shareholder value theory entirely. When it expires, so will stock-based compensation, and in due course, we will get back to rewarding builders more than traders."

" . . . executive compensation should have no component of stock-based compensation at all. Compensation should be based entirely on real-market measures such as revenues, profits, and return on book equity."

Undermining staying power: The role of unhelpful management theories

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