J.C. Penney: Tough Choices for Allen Questrom

Susanna  Gallani; Gregory  Sabin; Katherine  Cui

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Case | HBS Case Collection | December 2017

J.C. Penney: Tough Choices for Allen Questrom

by Susanna Gallani, Gregory Sabin and Katherine Cui

Language: English

Format: Print

15 pages

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Citation:

Gallani, Susanna, Gregory Sabin, and Katherine Cui. "J.C. Penney: Tough Choices for Allen Questrom." Harvard Business School Case 118-041, December 2017.

About the Author

Susanna Gallani

Assistant Professor of Business Administration

Accounting and Management

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Working Paper | HBS Working Paper Series | 2019

Are ISS Recommendations Informative? Evidence from Assessments of Compensation Practices

Ana Albuquerque, Mary Ellen Carter and Susanna Gallani

Using detailed information on Institutional Shareholder Services (ISS) assessments of firms’ compensation practices, we examine whether these assessments identify poor compensation practices as measured by subsequent performance. While prior research provides consistent evidence of an association between shareholder voting outcomes and ISS recommendations, the evidence is mixed over whether their recommendations convey information about poor compensation policies. We find that ISS “Against” recommendations are associated with worse future accounting performance, consistent with ISS being able to detect suboptimal compensation packages. However, workload compression has an effect, as we find that the relation between assessments and future performance is stronger during off-season (for firms with non-December fiscal year end).

Keywords: Proxy Advisors; CEO compensation; Say-on-Pay; Institutional Shareholder voting; Executive Compensation; Performance;

Citation:
Albuquerque, Ana, Mary Ellen Carter, and Susanna Gallani. "Are ISS Recommendations Informative? Evidence from Assessments of Compensation Practices." Harvard Business School Working Paper, No. 19-085, February 2019. (Please contact the authors to request paper file.) View Details

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Working Paper | HBS Working Paper Series | 2019

Mission, Mission on the Wall—Do You Have a Purpose After All?

Aishwarrya Deore, Susanna Gallani and Ranjani Krishnan

Keywords: misreporting; mission statements; participative budgeting; organizational identification; systems of management controls;

Citation:
Deore, Aishwarrya, Susanna Gallani, and Ranjani Krishnan. "Mission, Mission on the Wall—Do You Have a Purpose After All?" Harvard Business School Working Paper, No. 19-084, February 2019. (Please contact the authors to request paper file.) View Details

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Technical Note | HBS Case Collection | January 2019

U.S. Commercial Health Insurance Industry

Susanna Gallani, Mary Witkowski and Harry B. Wolberg

Citation:
Gallani, Susanna, Mary Witkowski, and Harry B. Wolberg. "U.S. Commercial Health Insurance Industry." Harvard Business School Technical Note 119-064, January 2019. View Details

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J.C. Penney: Tough Choices for Allen Questrom

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