It began as an isolated problem for a few companies in a single sector. Today, the economic crisis is global and has affected companies in virtually every sector. In the short term, revenue and profit are forecasted to grow more slowly or even decline in many industries. At the same time, the credit crisis has dramatically impeded executives’ ability to manage the financial and market aspects of their businesses.
What does all of this mean for executive incentives? Though we don’t know how long the U.S. and global recessions will last, there are a few things we do know:
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