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How To Solve Problems of Misaligned Executive Pay - WSJ

Excessive, opaque pay packages for company bigwigs are a perennial problem for shareholders. A few U.K. companies are embracing a new approach: Scrap targets and make bosses long-term shareholders. U.S. boards should take note. In the name of payment for results, American companies increasingly favor rewarding executives with stock awards linked to complex performance hurdles. Called long-term incentive plans or LTIPs, these are....

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