No Smoke Or Mirrors At Union Carbide

Senior writer John Byrne expressed some good ideas about designing incentive compensation programs for executives ("Smoke, mirrors, and the boss's paycheck," Management, Oct. 13). However, a more thorough reading of the material that he was sent explaining Union Carbide Corp.'s earnings-per-share compensation program, along with the report on executive compensation in our proxy statement, ought to have made it clear to him that we have just such a program.

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