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| Topic: |
Business
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| Number of pages / Number of words: |
9 / 2432 |
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If hurdle rates were to increase, the present value of project inflows would be decreased, and the company's growth would be reduced. Marriott also considered using the hurdle rates to determine incentive compensation. Managers would be more sensitive to Marriott's financial strategy and capital market conditions, if the compensation plan could reflect hurdle rates...
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Managers would be more sensitive to Marriott's financial strategy and capital market conditions, if the compensation plan could reflect hurdle rates.
In April 1988, Dan Cohrs, the company's vice president of project finance, was preparing his annual recommendations for the hurdle rates at each of the firm's three divisions...
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