PT - JOURNAL ARTICLE AU - David L Auchterlonie TI - Team-Based Incentive Compensation is Vital to Successful Operating Turnarounds AID - 10.3905/JPE.2009.12.3.081 DP - 2009 May 31 TA - The Journal of Private Equity PG - 81--88 VI - 12 IP - 3 4099 - https://pm-research.com/content/12/3/81.short 4100 - https://pm-research.com/content/12/3/81.full AB - In recent months, greedy executives have given pay-based bonuses a bad rap. That’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’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