How Incentives for Long-Term Management Backfire
Harvard Business Review
MAY 6, 2016
Why isn’t more of that cash going into developing businesses for long-term gains — the big, outsized gains that come from big bets on the future? As earnings goals became harder to hit with internal growth, the company used most of its money for share buybacks to achieve its three-year earnings-per-share goals.
8 
Let's personalize your content