End annual Pay Pantomime - some open questions

Richard Buxton's contribution to the Executive Pay debate is more than welcome. It partly supports the reform I have been proposing for many years. But while the CEO of Old Mutual Global Investors demands the end to convoluted Long-term Incentive Plans (LTIPs) he seems to be quite enthusiastic about long-term Equity Awards. To my mind this would only mean that excesses are easily shifted to the latter. It also is not clear why Equity Awards are necessarily a better - or even necessary - tool to align executive compensation with the interests of shareholders and the wider constituency or companies. Designing Equity Awards could be as tricky as designing effective LTIPs. Readers may remember that ProGov supports the end of all discriminatory compensation schemes and perks and the simple combination of salary and a percentage bonus that is awarded on an equal basis to the whole workforce. (15-May-2017)
End the annual executive pay pantomime (Paywall)