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FCPA Blog Daily News

Entries in Executive Compensation (12)

Monday
Oct162017

How much do Chief Compliance Officers make?

The national average salary for a Chief Compliance Officer is nearly $132,000, according to Glassdoor, with some CCOs making more than $250,000 a year.

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Thursday
Mar162017

Finding perverse incentives is hard, fixing them can be harder

Searching for perverse incentives that can become compliance land mines means messing with people’s pay.

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Wednesday
Mar012017

How perverse incentives distort individual and corporate performance

Consider a salesperson that has reached his bonus cap three months before fiscal year-end. Any achievement after that is not only unrewarded, but is actually penalized in the sense of creating higher future performance expectations and targets.

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Monday
Feb132017

Revisiting EpiPen: Steep incentive thresholds are corporate disasters waiting to happen

The root causes of perverse incentives often hide (in plain sight) in the most common variable compensation structures, which include payout floors, thresholds, payout caps, and stretch goals.

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Wednesday
Nov092016

Karelaia and Kessler: Wells Fargo is about the ‘me’ of corporate life

In recent years, the financial sector has produced one shocking scandal after another. The latest outrage came when news broke of how Wells Fargo’s cutthroat sales culture drove low-level employees to open more than two million unauthorized customer accounts.

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Wednesday
Jun152016

Richard Bistrong: Will incentive time bombs blow up your company?

Marc Hodak, an NYU Adjunct Professor and compensation consultant, spoke at the Ethical Systems event in New York a few weeks ago. He talked about “incentive time bombs,” where “bad behavior can hide behind good performance,” and how those behaviors can go unnoticed and unobserved by management until it’s too late.

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Tuesday
Jun072016

Richard Bistrong: My Ten Commandments of Goal Setting

Last week I attended a one-day event at the NYU Stern School of Business, hosted by Ethical Systems and the Behavioral Science and Policy Association.

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Friday
May202016

Barbara Brooks Kimmel: Searching for balance between trust and CEO performance-based pay

It’s executive compensation season at shareholder meetings and corporate boardrooms across America, and pay for performance continues to be a hot topic.

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Tuesday
Mar012016

Richard Bistrong: If you want performance, stop paying for it

In the February 23 edition of the Harvard Business Review, two professors from the London Business School argue that “performance-based pay can actually have dangerous outcomes for companies that implement it.” 

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Monday
Jun222015

Alison Taylor: Does competition cause corruption?

You might expect corrupt companies to downplay and devalue the principles of market competition. In fact the opposite is true.

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Tuesday
Jun022015

Richard Bistrong: Frontier-market compliance risks need special handling

In a prior post on the FCPA Blog, Alison Taylor said corporate culture is hard to measure and “has been largely neglected by regulators and the anti-corruption-consulting industry.” Reflecting on her work, I said bad behavior (including my own) can truly become a compliance lesson learned. But I offered no way forward.

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Friday
Jun062014

SEC turns 80 -- shows little signs of slowing down

June 6 is the U.S. Securities and Exchange Commission's 80th birthday. It's a good reason to revisit the agency's role in regulating the world's biggest securities market and the varying interpretations of its mission.

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