Executive compensation in the COVID era: the bad example of Pierre & Vacances
>A change in compensation criteria that has not gone unnoticed - On 20 April last, Pierre & Vacances changed the CEO’s short-term variable pay criteria, saying that the exceptional health situation rendered the targets set previously invalid. This change did not go unnoticed among voting consultancies, some of which criticised the move in an article in financial daily L’AGEFI on 22 January, even though it was made possible by a recent change to the French commercial c...
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