The Origin of the Executive Compensation Industry.
The HR Capitalist
MARCH 10, 2020
General Motors had hired Patton to do a study of executive compensation, and he did so by surveying 37 major companies. Management tool special note of this development, and demand for Patton's help on executive pay packages went through the roof. It's fair to say that this development at McKinsey created a whole segment/industry (executive compensation) that has a lot of implications for where we find ourselves today - regardless of your belief system.