Interesting regarding incentivization:

>Where measures of job performance are inadequate ...erformance pay can backfire

>Companies have turned increasingly to this kind of deferred compensation, particularly for senior executives.

I think this can only help and not only for CxOs but also premier athletes who on occasion are known to have terrible seasons.

and Contracts:

>[...] And sometimes, he concluded, it is more efficient for companies to simply merge [rather than rely on contracts] because a single owner would make better overall decisions.

Definitely interesting ideas which have not completely caught on in industry or government regulation.