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Creating Phantom Equity Incentives for Key Employees, Both Family and Non-Family

In: The Family Business Guide

Author

Listed:
  • Frederick D Lipman

Abstract

A number of family business owners have no family successorin-waiting and no family member who is willing and qualified to run the business.2 These businesses should find ways of creating incentives that will attract and retain key employees who are not family members to become the future leaders of their business. These incentives should preferably be long-term to best align the interests of the key employees with the interests of the owner. Unfortunately, according to one academic study, many family businesses that are not professionally managed provide only short-term incentives to their employees.3

Suggested Citation

  • Frederick D Lipman, 2010. "Creating Phantom Equity Incentives for Key Employees, Both Family and Non-Family," Palgrave Macmillan Books, in: The Family Business Guide, chapter 0, pages 85-93, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-11180-6_7
    DOI: 10.1057/9780230111806_7
    as

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