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- January 2006
- Article
Are Perks Purely Managerial Excess?
By: Raghuram G. Rajan and Julie Wulf
A widespread view is that executive perks exemplify agency problems--they are a route through which managers misappropriate a firm's surplus. Accordingly, firms with high free cash flow, operating in industries with limited investment prospects, should offer more... View Details
Keywords: Problems and Challenges; Cash Flow; Business or Company Management; Situation or Environment; Performance Productivity; Investment; Executive Compensation
Rajan, Raghuram G., and Julie Wulf. "Are Perks Purely Managerial Excess?" Journal of Financial Economics 79, no. 1 (January 2006): 1–33. (Winner of the Second Place 2006 Jensen Prize for "Best Paper on Corporate Finance and Organizations" presented by Journal of Financial Economics .)
- 2004
- Working Paper
Are Perks Purely Managerial Excess?
By: Raghuram G. Rajan and Julie Wulf
Why do some firms tend to offer executives a variety of perks while others offer none at all? A widespread view in the corporate finance literature is that executive perks are a form of agency or private benefit and a way for managers to misappropriate some of the... View Details
Keywords: Motivation and Incentives; Performance Productivity; Executive Compensation; Corporate Finance
Rajan, Raghuram G., and Julie Wulf. "Are Perks Purely Managerial Excess?" NBER Working Paper Series, No. 10494, May 2004. (Published in Journal of Financial Economics 2006.)
- 29 May 2013
- Blog Post
Perks of the LVMH Family
Confession: I had no idea that Sephora was part of LVMH until I interviewed. Most of that is strategic: LVMH wants to make sure that its brands feel distinct and authentic, but this internship definitely exposed me to the broader portfolio in some very fun ways. At... View Details
Keywords: Consumer Products / Retail
- 27 May 2024
- News
Night Nannies: A Work Perk Too Far?
- 23 Jan 2017
- News
The CEO Who is Perking Up Peet’s Coffee
In a profile of Peet’s Coffee CEO David Burwick (MBA 1989), the East Bay Times details the company’s growth under his watch: Since 2013, annual sales have jumped from $395 million to almost $800 million, 70 new locations have been added, and the company began selling... View Details
The New Negotiation Over Job Benefits and Perks in post-Covid Hybrid Work
As organizations consider what a return to the office looks like, some employees say they would be willing to forgo traditional perks like health care and pay for access to office space. View Details
- 28 Aug 2013
- News
From Google to Campbell's Soup, more perks for employees
- 30 Nov 2022
- Research & Ideas
Recruiters: Highlight Your Company’s Diversity, Not Just Perks and Pay
Employers are dangling all sorts of sparkling lures to capture hot job candidates in the battle for top talent: Generous compensation. Stock options. Lofty titles. But Harvard Business School research suggests that many companies fail to promote a key draw for many... View Details
Keywords: by Sean Silverthorne
- 16 Mar 2013
- News
Looking for a Lesson in Google’s Perks
- 25 Aug 2023
- News
For Some Culture Executives, a Housing Perk Is Rolled Back
- 26 Jul 2021
- News
Communities Lure Remote Workers with Cash and Perks
- 10 Mar 2024
- News
The Biggest Perk of Gig Work Might Also Be Its Downfall
- June 2, 2022
- Article
How to Build a Life: The Perks of Being a Hot Mess
By: Arthur C. Brooks
Brooks, Arthur C. "How to Build a Life: The Perks of Being a Hot Mess." The Atlantic (June 2, 2022).
- August 2018 (Revised August 2019)
- Technical Note
A Note on Compensation
By: Ethan Bernstein and Michael Norris
This note provides an overview of the important terms, concepts, and frameworks that a manager should know about compensation—whether it be their own or that of an employee. Because compensation in practice is fraught with pitfalls, this note presents an overview of... View Details
Keywords: Compensation Design; Benefits; Perks; Variable Compensation; Compensation and Benefits; Executive Compensation; Stock Options; Profit Sharing; Job Design and Levels; Labor Unions; Wages; United States
Bernstein, Ethan, and Michael Norris. "A Note on Compensation." Harvard Business School Technical Note 419-020, August 2018. (Revised August 2019.)
- 21 Feb 2023
- Research & Ideas
Are Your Employees Passing Up Incentives? Try Promoting the Programs More
Motivating employees takes more than carrots and sticks—it hangs on making them aware of those incentives and deterrents, according to new research. Companies, governments, and institutions across the globe spend countless billions on incentive programs in hopes of... View Details
Keywords: by Scott Van Voorhis