How Much Is Enough?
James A. Ogilvy, author of Creating Better Futures: Scenario Planning as a Tool for a Better Tomorrow, introduces a passage on the limits of executive compensation from Conscious Capitalism: Liberating the Heroic Spirit of Business, by John Mackey and Raj Sisodia.
Content: Article | Authors: John Mackey, Rajendra Sisodia | Source: strategy+business | Subjects: Corporate Governance, Human Resources
John Mackey and Raj Sisodia
In setting compensation, companies consider internal equity (where the compensation system is perceived internally to be fair) and external equity (where the compensation for any particular position is competitive with the external market). Most companies focus primarily on external equity when it comes to executive pay. If they find that a competitor is paying its CEO or chief financial officer a certain amount, they … [ Read more ]
Content: Quotation | Authors: John Mackey, Rajendra Sisodia | Source: strategy+business | Subjects: Compensation, Corporate Governance, Human Resources
John Mackey and Raj Sisodia
At some point, people have enough money to have financial security, live a comfortable, adventuresome lifestyle, and fulfill most of their aspirations in life. It is a mark of emotional and spiritual maturity to be able to say, “I have enough.” Past a certain point, it is not healthy to want more; actually, it is a kind of sickness.
Content: Quotation | Authors: John Mackey, Rajendra Sisodia | Source: strategy+business | Subjects: Ambition, Career, Motivation