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The main question is whether these incentive effects are large.
"The legislative intent was for these incentive vehicles not to be taxed ever, at all," she said.
Shell would not have access to these incentive programmes without the support and approval from the representative state and local jurisdictions".
These incentive plans, they add, can extend deep into the engineering ranks, unlike the situation in most other industries where retention packages, or "golden handcuffs," are typically offered to a handful of top executives.
"What makes a lot of investors anxious is, not only is it changing, but it could allow for gaming of these incentive programs," said Michael McCauley, corporate governance officer at the Florida State Board of Administration, the investment manager for the state's pension plan.
Note that these incentive constraints that we have described here clearly limit the scope of the planner's intervention.
Similar(36)
These incentives are long overdue.
But these incentives are misdirected.
Monetary policy cannot affect these incentives.
These incentives have to be powerful.
Still, these incentives have not been enough.
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