@article {Auchterlonie81, author = {David L Auchterlonie}, title = {Team-Based Incentive Compensation is Vital to Successful Operating Turnarounds}, volume = {12}, number = {3}, pages = {81--88}, year = {2009}, doi = {10.3905/JPE.2009.12.3.081}, publisher = {Institutional Investor Journals Umbrella}, abstract = {In recent months, greedy executives have given pay-based bonuses a bad rap. That{\textquoteright}s unfortunate, because incentive compensation is a vital, essential, and frequently overlooked tool when it comes to turning around a poorly performing company. This is especially true when the focus is on employee incentive compensation. If substantial improvement is to be made to a struggling company{\textquoteright}s EBITDA, a seismic change in the entire corporate culture must take place, starting at the grassroots level where employees work. A turnaround plan that incorporates team-based performance and results-based incentive bonuses for managers and employees can create amazing results in a financially challenged company.TOPICS: Private equity, manager selection, financial crises and financial market history, technical analysis}, issn = {1096-5572}, URL = {https://jpe.pm-research.com/content/12/3/81}, eprint = {https://jpe.pm-research.com/content/12/3/81.full.pdf}, journal = {The Journal of Private Equity (Retired)} }