TY - JOUR T1 - Team-Based Incentive Compensation is Vital to Successful Operating Turnarounds JF - The Journal of Private Equity SP - 81 LP - 88 DO - 10.3905/JPE.2009.12.3.081 VL - 12 IS - 3 AU - David L Auchterlonie Y1 - 2009/05/31 UR - https://pm-research.com/content/12/3/81.abstract N2 - 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 ER -