{"id":3676,"date":"2015-12-06T20:37:37","date_gmt":"2015-12-07T04:37:37","guid":{"rendered":"http:\/\/hodakvalue.com\/blog\/?p=3676"},"modified":"2015-12-11T13:19:22","modified_gmt":"2015-12-11T21:19:22","slug":"what-your-compensation-consultant-wont-tell-you","status":"publish","type":"post","link":"http:\/\/hodakvalue.com\/blog\/what-your-compensation-consultant-wont-tell-you\/","title":{"rendered":"What your compensation consultant won&#8217;t tell you"},"content":{"rendered":"<p>I spilled the beans regarding the titular question this Fall at an NACD event.<\/p>\n<p>The talk was split into two TED-sized portions of about 20 minutes each. <a href=\"https:\/\/www.youtube.com\/watch?v=iBlkszYri8g\">Part I<\/a> is what the research suggests about pay practices, i.e., which practices\u00a0are\u00a0effective, which are probably a waste of money, and which actually hurt the shareholders. <a href=\"https:\/\/www.youtube.com\/watch?v=gNGDvPlSnO8\">Part II<\/a> explains the causal mechanism behind the most surprising research finding&#8211;that today&#8217;s bonus plans, on average, add <em>no value<\/em> to corporate performance.<\/p>\n<p>The feedback was extremely gratifying. A couple of directors described the discussion about bonus plans and proxy advisory standards as\u00a0&#8220;a tour de force.&#8221;<\/p>\n<p><iframe loading=\"lazy\" src=\"https:\/\/www.youtube.com\/embed\/gNGDvPlSnO8\" width=\"560\" height=\"315\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<p>There is also a <a href=\"https:\/\/www.youtube.com\/watch?v=P9k08BG4nPo\">final part<\/a> that includes the Q&amp;A.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>I spilled the beans regarding the titular question this Fall at an NACD event. The talk was split into two TED-sized portions of about 20 minutes each. Part I is what the research suggests about pay practices, i.e., which practices\u00a0are\u00a0effective, which are probably a waste of money, and which actually hurt the shareholders. Part II [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5,27],"tags":[],"class_list":["post-3676","post","type-post","status-publish","format-standard","hentry","category-executive-compensation","category-governance"],"_links":{"self":[{"href":"http:\/\/hodakvalue.com\/blog\/wp-json\/wp\/v2\/posts\/3676","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/hodakvalue.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/hodakvalue.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/hodakvalue.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/hodakvalue.com\/blog\/wp-json\/wp\/v2\/comments?post=3676"}],"version-history":[{"count":10,"href":"http:\/\/hodakvalue.com\/blog\/wp-json\/wp\/v2\/posts\/3676\/revisions"}],"predecessor-version":[{"id":3686,"href":"http:\/\/hodakvalue.com\/blog\/wp-json\/wp\/v2\/posts\/3676\/revisions\/3686"}],"wp:attachment":[{"href":"http:\/\/hodakvalue.com\/blog\/wp-json\/wp\/v2\/media?parent=3676"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/hodakvalue.com\/blog\/wp-json\/wp\/v2\/categories?post=3676"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/hodakvalue.com\/blog\/wp-json\/wp\/v2\/tags?post=3676"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}