The study shows that how well a company does affects how much its executives get paid, not just now but in the future too. This means that good performance today can lead to higher pay later on. It's not just about how well the company is doing right now, but also about how well it's expected to do in the future. This has big implications for how companies decide how much to pay their top executives. Monitoring pay based only on current performance might not be the best approach.