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It's the People by John Dembitz A.

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13  The no pay gain

One of the most frequently analysed, discussed and evaluated issues of the last few decades has been how directors, executives, managers, and employees are generally compensated. One of the most heated topic of conversation is top executive pay; in annual reports, the page most frequently turned to is the page setting out the compensation structure of the board directors.

There are many ways in which people can be rewarded. The most obvious and often the most tangible is cash - “Loads of money”, as famously depicted by Harry Enfield in the late 80s Channel 4 television programme, and later in the West-End play, “Money”. But non-financial rewards are also of significant importance, and occasionally can have an even ...

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