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jerico jerico
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Executive compensation plans are based on both financial and nonfinancial performance measures. Discuss
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Cost Accounting

Cost Accounting


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cyborgcyborg
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 These plans are based on both financial and nonfinancial performance measures and consist of a mix of (1) base salary; (2) annual incentives, such as a cash bonus based on achieving a target annual RI; (3) long-run incentives, such as stock options based on a stock's performance over, say, a five-year period; and (4) other benefits, such as medical benefits, pensions plans, and life insurance.
Well-designed plans use a compensation mix that balances risk (the effect of uncontrollable factors on the performance measure and hence compensation) with short-run and long-run incentives.
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jerico Author
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8 years ago
I can confidently say that it looks and sounds right lol Thank you Slight Smile Give this man a thumbs up.
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8 years ago
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