release

  

Definitions (2)

1. Environmental: Discharging, disposing, dumping, emitting, emptying, escaping, injecting, leaching, leaking, pouring, pumping, or spilling of one or more hazardous substances into the environment.

2. Legal: (1) Discharge of a property from a claim, lien, or mortgage. (2) Formal document that effects a conveyance. (3) Giving up of a claim, interest, or right. (4) Liberation of a person from custody, demand, restraint, or obligation. (5) Written statement that an obligation or requirement has been satisfied.

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Setting Managerial Compensation

In setting compensation, we like to hold out the promise of large carrots, but make sure their delivery is tied directly to results in the area that a manager controls. When capital invested in an operation is significant, we also both charge managers a high rate for incremental capital they employ and credit them at an equally high rate for capital they release.

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