Question
In 2018, Shell Oil Co. announced that the pay of the CEO was going to be contingent on reduction in greenhouse gas (GHG) emissions at
In 2018, Shell Oil Co. announced that the pay of the CEO was going to be contingent on reduction in greenhouse gas (GHG) emissions at the company. The Board spelled out how much of an annual bonus the CEO would receive for certain pre-determined levels of GHG reduction. What does this imply about the objectives of the Board, what impact will this have on the CEO's actions, and what problem is this helping to solve at the firm?
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Macroeconomics
Authors: David C. Colander
10th edition
1259663043, 1259663048, 978-1259663048
