Archive for March 4th, 2010
Pay czar Kenneth Feinberg disputed claims that limiting executive pay will push companies’ top talent to firms that have no restrictions on compensation, telling CNBC he’s seen no hard evidence of this phenomenon.
Similarly, he said that regulating pay has had no negative effect on states’ tax revenues, calling both arguments a form of “spin.”
When motivating employees, does pay matter? Of course it does. People expect to be paid for their work. But how important is pay to achieving organizational greatness? It turns out, not as important as you might think.