Michael Kramer talks about his time as CFO of a clothing manufacturer, where he ran into the problems caused by an incentive system based on EBITDA.
Wardrobe Malfunction [1] | Source: The Big Fat Finance Blog [2].
Links:
[1] http://bigfatfinanceblog.com/2009/03/19/wardrobe-malfunction/
[2] http://bigfatfinanceblog.com