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  • November 1999 (Revised June 2001)
  • Case

Seitel, Inc.

By: David F. Hawkins
The company's accounting for its seismic data library is questioned. Teaching Purpose: Inventory accounting. View Details
Keywords: Stock Shares; Financial Statements; Business Earnings; Financial Reporting; Stock Options; Mathematical Methods; Accounting Industry
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  • March 1999 (Revised October 2009)
  • Background Note

Deferred Compensation

By: Henry B. Reiling and Mark Pollard
Briefly discusses two of the major tax doctrines--constructive receipt and economic benefits--which govern the structure of deferred compensation contracts. Some business context is provided and some implications are noted. View Details
Keywords: Stock Options; Taxation; Compensation and Benefits; Business and Government Relations; Public Administration Industry
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  • 14 Apr 2003
  • Research & Ideas

Andy Grove on the Confident Leader

are quite different. You have to align their incentives, which means heavily weight the compensation of the management team to stock options, so that what makes them rich makes the shareholders rich. AG: The unstated supposition is that... View Details
Keywords: by Walter Kiechel; Technology
  • 08 Jul 2002
  • What Do You Think?

Have We Carried the Concept of Alignment Too Far?

desires) ... Why should it be any different for the high-flyers? If they are truly good, is it really necessary to pay them more than they can ever hope to spend?" As Stever Robbins says, "Alignment is still a great idea. We've not seen alignment with recent... View Details
Keywords: by James Heskett
  • February 2009 (Revised March 2013)
  • Supplement

Messer Griesheim (B)

By: Josh Lerner, Ann-Kristin Achleitner, Eva Lutz and Kerry Herman
In 2001, Allianz Capital Partners and Godlman Sachs acquired a majority stake in Messer Greisheim, a European industrial gas concern held by Hoeschst. The dealmakers faced several challenges, including delicate corporate governance issues due to partial family... View Details
Keywords: Mergers and Acquisitions; Private Equity; Stock Options; Stock Shares; Corporate Governance; Governance Controls; Family Ownership; Problems and Challenges; Energy Industry; Europe
Related
  • 20 Jan 2003
  • Research & Ideas

Fixing Corporate Governance: A Roundtable Discussion at Harvard Business School

the issue of top-management compensation? Brian Hall: As you all know, stock options were intended to give executives incentives to get share prices to rise, which in theory would create value for... View Details
Keywords: by Garry Emmons
  • Article

Vertical Merger, Collusion, and Disruptive Buyers

By: Volker Nocke and Lucy White
In a repeated game setting of a vertically related industry, we study the collusive effects of vertical mergers. We show that any vertical merger facilitates upstream collusion, no matter how large (in terms of capacity or size of product portfolio) the integrated... View Details
Keywords: Stock Options; Disruptive Innovation; Five Forces Framework; United States
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  • 02 Sep 2010
  • What Do You Think?

How Transparent Should Boards Be?

however, attached conditions to this course of action, typically involving some kind of financial penalty. For example, Walter Blass suggested "a negotiated skipping of his bonus, or stock options... View Details
Keywords: by Jim Heskett
  • 11 Mar 2001
  • Research & Ideas

Group Therapy

undertake coordinated action despite the fact that they are often composed of very diverse units; and the role families play in these organizations. Court systems, contract law, stock markets, accounting standards, and other elements that... View Details
Keywords: by Peter Jacobs
  • November 1994 (Revised November 1994)
  • Case

MW Petroleum Corporation (A)

By: Timothy A. Luehrman, Peter Tufano and Barbara Wall
Amoco Corp. is negotiating to sell a wholly-owned subsidiary, MW Petroleum, to Apache Corp. MW owns large reserves of oil and gas comprising many properties at different stages of engineering, development, and production. The proposed acquisition is a large one for... View Details
Keywords: Acquisition; Business Subsidiaries; Mining; Cash Flow; Stock Options; Financing and Loans; Price; Negotiation; Production; Valuation; Mining Industry
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  • 08 Oct 2010
  • What Do You Think?

Will Transparency in CEO Compensation Have Unintended Consequences?

can report from experience that differences in philosophy concerning compensation, say between Europe and the U.S., pose real issues. Not only do European CEOs and board members regard U.S. levels of CEO compensation as bordering on insanely generous, they are wary of... View Details
Keywords: by Jim Heskett
  • 06 Feb 2006
  • What Do You Think?

Should CEOs of Public Companies Offer Earnings Guidance?

is advocating disclosure of CEO pay packages, including the value of large stock option grants which many might conclude produce similar pressures for short-term performance? What do you think? View Details
Keywords: by James Heskett; Financial Services
  • 27 Oct 2009
  • First Look

First Look: October 27

in preferred equity from the United States government via the Troubled Assets Relief Program (TARP). Yet, the stock had continued to slide in early 2009. In late February, the company announced that it would convert as much as $50 billion... View Details
Keywords: Martha Lagace
  • 14 Sep 2007
  • Research & Ideas

How to Profit from Scarcity

Second, VW factories "fully loaded" the New Beetles with options to maximize the unit margin that VW and the dealers extracted on each vehicle. Third, VW incented its dealers to stock up on... View Details
Keywords: by John Quelch; Consumer Products; Advertising
  • 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
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  • 28 Nov 2012
  • What Do You Think?

Should Pay-for-Performance Compensation be Replaced?

compensation at least since proponents of agency theory 25 years ago began advocating the use of stock options in compensation packages. Its use is a source of praise in the evaluation of governance by... View Details
Keywords: by James Heskett
  • 12 Jul 2011
  • First Look

First Look: July 12

harmonization strategies. The analysis and framework in this paper can help broaden the understanding of accounting's globalization. Download the paper: http://papers.ssrn.com/sol3/papers.cfm?abstract_id=1875682   Cases & Course MaterialsElizabeth Jacobs:... View Details
Keywords: Carmen Nobel
  • 21 Sep 2009
  • Research & Ideas

Excessive Executive Pay: What’s the Solution?

want the right to go after that money? This doesn't mean you don't trust your top executives. It's just good sound governance, good sound executive pay practice. It's not personal. Expensing options created a level playing field. Before,... View Details
Keywords: by Roger Thompson
  • 15 Jul 2008
  • First Look

First Look: July 15, 2008

replication technique behind the Black-Scholes/Merton options model. The simulations focus on a single stock and a risk-free discount bond, which are used to replicate a contingent payoff. The underlying... View Details
Keywords: Martha Lagace
  • 09 Feb 2009
  • Research & Ideas

Uncompromising Leadership in Tough Times

extended vacations, a sabbatical, leaves of absence, or a shorter work week. – Ask everyone to share the pain by taking a pay cut. Senior management should take a larger one. Hewlett Packard used this approach several times in its early history. – Shorten work weeks... View Details
Keywords: by Martha Lagace

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