|
|
Article: Alignment strikes out: this screwball notion never stood a chance--at least not with Yankees manager Joe Torre.(QUIDDITIES)
- Article from:
- Directors & Boards
- Article date:
- January 1, 2008
- Author:
CopyrightCOPYRIGHT 2008 Directors and Boards. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
IN OCTOBER, the New York Yankees offered manager Joe Torre a contract for 2008, providing for a base salary of $5 million (vs. $7 million the previous year) plus "incentives" of $1 million a pop should the Yankees win the American League Division Series, the AL Championship Series, and the World Series.
Concluding that he had been insulted and did not need financial "incentives" to motivate him to perform his duties, Torre rejected the offer.
This situation from the sports world resonates in the corporate governance realm. It demonstrates some of the ways in which the popular dogma of "alignment" stands on brittle glass.
Alignment proponents ...