When corporate boards use bad incentives for management's pay, disaster often ensues. Incentives based on singular metrics such as revenue growth, EBITDA, ROE, or earning per share are easily manipulated and gamed. Fortunately, there is a better way: EVA momentum.
Let's look at World Wrestling Entertainment (NYSE: WWE ) and three of its peers to see how effectively they create value. Here are the trailing four quarters' worth of EVA momentum figures for each company over the past three years, and rankings by percentile versus the Russell 3000 for the past 12 months' EVA momentum...More?
source: the motley fool
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May 13, 2011
Is World Wrestling Entertainment's Management Creating Value?
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