Compensating Family Members

Frederick D Lipman

Chapter Chapter 5 in The Family Business Guide, 2010, pp 77-83 from Palgrave Macmillan

Abstract: Abstract Some family businesses take the opposite tack, underpaying family member employees—particularly new ones—to provide them with an incentive to work harder or to help them understand what it means to be poor. The owners sometimes justify undercompensating family employees on the ground that they will ultimately inherit the business and should thus be patient about obtaining the fruits of the business.

Keywords: Family Business; Compensation Level; Compensation Committee; Equity Incentive; Compensation Consultant (search for similar items in EconPapers)
Date: 2010
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-11180-6_6

Ordering information: This item can be ordered from
http://www.palgrave.com/9780230111806

DOI: 10.1057/9780230111806_6

Access Statistics for this chapter

More chapters in Palgrave Macmillan Books from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().