The McKinsey Quarterly

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McKinsey Quarterly is the business journal of McKinsey & Company.

irrational side change management article, change management strategy, Compensation

April 2009 

The irrational side of change management

Most change programs fail, but the odds of success can be greatly improved by taking into account these counterintuitive insights about how employees interpret their environment and choose to act.

Recent Thinking
  • corporate governance article, Sarbanes-Oxley, directors, investors, CEO chairman split, Compensation

    May 2004 

    A new era in corporate governance

    Directors and investors are demanding reform. Companies had better prepare for it.

  • stock options article, investors, stock prices, equity markets, stocks, options, Compensation

    February 2003 

    Getting what you pay for with stock options

    Companies now have an opportunity to rethink their use of stock options so that they serve shareholders as well as executives.

  • financial incentives for employees article, pay for performance strategy, Compensation

    November 2002 

    Has pay for performance had its day?

    The way to get your employees to focus on both the present and the future is to adjust your culture and to weaken your financial incentives.

  • compensation model article, investor returns, Compensation

    August 2000 

    Stock options aren’t enough

    Compensation plans linking the pay of managers to the share values of their companies can reward or penalize them for events they don’t control. A new model is needed.

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