Document Type

Report

Key Takeaways

•New CEOs hired into turnaround situations tend to demand more pay in general, and a higher proportion of performance-based pay. • Higher pay premiums for CEOs in turnaround situations yield cost cutting and strategic focusing strategies which bring greater success. • Pay premiums are most effective for CEOs with more industry experience, but more prestigious CEOs engage in appropriate strategies more often regardless of pay.

Publication Date

2015

Disciplines

Business

Copyright

© 2015, University of South Carolina

Included in

Business Commons

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