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(Hardback)
By: Michael C. Jensen
ISBN: 9781422101179
Readership/Audience: Professional and Scholarly
Publication Date: Aug 2025
Publisher: Harvard Business School Publishing
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Proposes that pay packages can be too high and too risk-free, causing otherwise highly talented managers to act in ways that destroy corporate value. This book identifies the critical missing link in incentive plans, link between a manager's effectiveness in executing strategy and the capital market's valuation of the results.
