A PwC and London School of Economics (LSE) study titled 'Making executive pay work-psychology of incentives' has revealed that Indian executives are less likely to settle for a pay cut in their ideal jobs compared to global peers. 28 percent of the global senior executives were willing to settle for less compared to 24 percent Indian executives. 1,106 participants including 83 from India participated in the study which was conducted across 43 countries. According to the findings, a simpler plan based on long holding periods for stock may be a better way of aligning executives and shareholders than complex performance metrics.
Source: The Economic Times