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Ep5. Stock Comp, AI Cold War, Valuations for LLM | BG2 with Bill Gurley, Brad Gerstner, & Bob Mylod
BG2Pod with Brad Gerstner and Bill Gurley
Common Practices in Compensation Committees
Compensation committees often focus on common practices in the industry rather than shareholder alignment when designing compensation programs. They tend to rely on compensation consultants and peer benchmarks to shape their programs, which can lead to a 'follow the leader' approach. Despite having a fiduciary responsibility to shareholders, there is often resistance to customizing programs to benefit shareholders. The best companies display courage by developing unique compensation structures that are financially sound, as exemplified by Netflix's innovative approach of allowing employees to choose between options and cash. It is essential for companies to lead and create programs that are tailored to their specific needs and not just follow industry norms.
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