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Paying for Long-Term Performance

the aftermath of the financial crisis, regulators, firms, and investors
are seeking to put in place executive pay arrangements that avoid rewarding
executives for short-term gains that do not reflect long-term performance.
This Article seeks to contribute to these efforts by analyzing how pay
arrangements can and should best be tied to long-term performance.
Our analysis focuses on equity-based compensation, the most important
component of executive pay arrangements.