O'Byrne, Stephen F. - In: Journal of Applied Corporate Finance 26 (2014) 1, pp. 29-38
type="main" <p>During the 19th century and the first half of the 20th, the compensation of non-founder managers of U.S. public companies was guided by partnership concepts. Andrew Carnegie made his senior staff coowners by selling them stock at book value. And Alfred Sloan gave the senior staff of...</p>