But problems sprouted almost immediately, including an expensive lawsuit and high executive turnover.
But a new academic study, to be presented at the annual meeting of the Academy of Management starting on Aug. 5 in Washington, indicates that companies that reprice options actually show higher levels of executive turnover later.
Indeed, the higher payout and chief executive turnover may explain why executives sometimes lampoon activists - not out of concern for long-term value, but instead to entrench themselves and enjoy the quiet life.
In this turbulent year of all years, executive turnover at the top of the nation's retailers has been particularly high.
Meanwhile, TLC was flailing amid several years of executive turnover.
Operating performance, payout to investors, and chief executive turnover all rise.
Ms. Moore's performing role now is to bring stability to a premier company that has seen tumult in recent years, with questions raised by former trustees about the company's financial health, and a high turnover of executive directors.
Mr. Strong's aggressive and tenacious personality often led to rifts with co-workers and high turnover in the executive ranks.
Merrill hopes that Mr. McCann's return will allay concerns about the high rate of turnover in the executive suite since Mr. O'Neal beat out three rivals for the president's job in 2001.
The troubled Basildon academy endured two years of poor GCSE results, high staff turnover and strikes over job cuts – despite employing an executive principal as well as two principals.
