"Joel Stern, chief executive of management-consulting firm Stern Stewart & Co. Stern teaches theory and policy of modern finance at Columbia and is the developer of the 'economic value added' measure of performance, which seeks to filter out extraneous variables when evaluating business results.
A better solution, he says, is a 'bonus bank,' in which an employer deposits an award and pays out a third of the bank balance each year that performance goals are met, starting with the first year."
Definitely an improvement!
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