European Ce Os Should Be Careful What They Wish For
Europe's managers should consider two crucial issues that follow from their desire for higher pay and stock options ("Eager Europeans press their noses to the glass," Special Report, Apr. 19). If U.S. managers make more than Europeans, it's because Americans work more. Will European managers be willing to give up evenings, weekends, and vacations the way U.S. managers regularly do? Or will the Europeans want to have their cake and eat it, too?
As for options, Europeans should be careful what they wish for. Options are not going to do them any good unless the Europeans have the tools and flexibility (such as rationalizing fixed costs) to unlock the value of the options.