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This book proposes a revised theory of agency, drawing on ideas from behavioural economics and built on more robust assumptions about human behaviour than the standard principal-agent model. The book proposes new design principles for executive pay, but also explains the difficulties in changing current executive pay practices.
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Alexander Pepper is Professor of Management Practice in the Department of Management at the London School of Economics and Political Science, UK. He was previously a partner at Pricewaterhousecoopers, where he held various senior management roles, including Global Leader of the Human Resource Services consulting practice from 2002-2006.
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