Culture Making is now archived. Enjoy five years of reflections on culture worth celebrating.
For more about the book and Andy Crouch, please visit andy-crouch.com.

Andy:

The holding period [for equity-based compensation] should be the longer of age 65 or two years after retirement. That will ensure that key executives make decisions that truly are in the long-term best interests of the company (as opposed to decisions aimed at a shorter period — after which an executive could depart, taking all his marbles with him). Note that holding-through-retirement also addresses the major concern about top executives’ unnecessary risk-taking.

Holding equity compensation through retirement is perhaps the single most important — and fundamental — fix to getting executive compensation back on track because it also addresses all the past outstanding excessive option and restricted stock grants. And, by requiring chief executives to keep their skin in the game for the long term, it will go a long way to restoring public trust in our companies and our market, which is so important to restoring stability to the markets.