Banker Pay Theory Upended by Harvard Expert in Swedish Study
Photographer: Chris Ratcliffe/Bloomberg
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A Swedish bank may be about to change perceptions of how bonuses affect performance.
Dennis Campbell, a Harvard Business School professor, has been studying how companies design compensation strategies. His work led him to the biggest bank in Sweden, Svenska Handelsbanken AB, which he says uses a model that raises serious questions about how well bonuses drive results.