If we were going to pick one principle, one concept, one word that best captures our job as executive compensation professionals, it would be alignment. The primary objective of all executive compensation programs should be to align the interests of management and owners. It should also motivate and reward excellent performance that advances the owners’ goals and objectives.
Despite alarmist headlines over the course of 2017 declaring a “retail apocalypse,” the industry produced a remarkable 43% total shareholder return (TSR) in fiscal 2018 and improved in other key growth measures. While we expect environmental challenges to persist in the retail industry, improved online sales growth coupled with the overall macroeconomic growth are causes for optimism in fiscal 2019.
Kate King and Chris Marques
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