The human factor

Wheatcroft, Patience
July 2003
Management Today;Jul2003, p25
Trade Publication
The article author is of the view that while being the best-paid executive is appreciable, what is not equally appreciable is to benefit mostly from failures. The author illustrates the point with an event involving pharmaceutical company GlaxoSmithKline PLC (GSK). Even though investors of GSK had tried to spell out the implications, the pharmaceuticals company was failing to read the signals. Investors in both the U.S. and Europe are still willing to reward executive success, although the scale of the generosity will be more closely scrutinized.


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