How did BP CEO Bob Dudley get paid £14m in 2015, despite the stock price falling by over 15%? Because of a complex, opaque pay scheme known as a Long-Term Incentive Plan (“LTIP”). A LTIP pays the executive according to multiple performance measures – for example, stock price, profitability, and sales growth – at the end …
Simplicity, Transparency, and Sustainability: A New Model For CEO Pay Read More »
We hear blockchains mentioned all the time, but very few people know what they actually are, how they work, and what effect they may have. The paper “Corporate Governance and Blockchains”, by David Yermack of NYU Stern is an excellent “go to” reference that answers these questions in a clear and non-technical manner. I summarize the …
Blockchains: How they work, and how they may transform the world Read More »
“Unless we look more creatively about how we engage everyone in physical activity, we may win medals but we will be bottom of the league table on health and wellbeing” – Paralympian Baroness Tanni Grey-Thompson “Britain really has got sport upside down. Why spend billions on an Olympics when few kids in the country have …
The returns to investing in grass-roots sport and the distraction of Olympic medals Read More »