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? The normal culprits for short-termism are short-term-minded hedge-fund managers and activist shareholders, as well as CEOs worried about big bet investments with uncertain paybacks.
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