But he acknowledged that moving to performance-based pay would be hard for some to accept.
One big change in recent decades has been a rise in performance-based pay.
"If New York City did it, it would get the eyes of the country focused on performance-based pay."
In general, when corporate executives get performance-based pay, like stock options, they don't have to pay tax right away.
Since 1999 I have tried to set an example for performance-based pay for elected officials.
He introduced benchmarking, performance-based pay and a sell-solutions-not-widgets marketing approach.
If that's not performance-based pay, what is?
Mr. Mack, then, has little choice but to set the tone for performance-based pay at the top.
Not covered are the firm's 161 partners, brokers and salesmen working on commission, or professionals who receive performance-based pay.
At issue is a company proposal of performance-based pay, a change in health benefits and mandated overtime, all of which the union opposes.
