...Eric W. Chan; John H. Evans, III; Duanping Hong ABSTRACT We investigate the consequences for non-promoted executives (NPEs) in CEO tournaments. We find that NPEs' total incentives decrease following the end of a tournament based on evidence of their reduced future promotion prospects and limited...

...Eddy Cardinaels; Clara Xiaoling Chen; Huaxiang Yin ABSTRACT Many companies administer wage policies based on tournaments or have different salaries attached to various promotion-based ranks within the company. Employees, however, do not always receive information about pay-level differences...