If you are a C-Suite Executive you likely did not have time to read The State of America Vacation 2016 report issued by Project Time Off. The report, based upon interviews of employees from... Read More
Severance, Part 2: “Good Reason” An Important Weapon for the Executive Compensation Attorney
If you followed the recent, much-publicized battle over the management succession at Viacom, you might have noticed that even before the battle was decided, several top executives protected themselves and their families by reserving their right to resign under the so-called “Good... Read More
Executive Severance Arrangements – Three Things Every Top Executive Should Know
You have the educational background and the work experience that allowed you to land your current position as President, Vice President, COO, CFO or other senior executive. You gave up personal days, sick days and even family vacations to put in long... Read More
Executive Compensation Based on Performance
The issue of pegging executive compensation to some metric of performance is continuously debated by CEOs, board members and shareholders alike. While a 2016 survey on CEO compensation[1]... Read More
CEO Employment Offers – Some Critical Do’s and Don’ts
By the time you received the employment offer you dreamed of -- the one at the top -- you had already completed your education and worked your way up the proverbial corporate ladder. You put in overtime, took ownership of new responsibilities... Read More
Should You Run from the “A” Word?
Evaluating the Impact of Arbitration Clauses in Executive Employment Agreements
Al Franken’s Arbitration Fairness Act of 2015 is making progress under the radar. He has recently managed to double the number of co-sponsors from 12 to 24 as it percolates in the... Read More
Severance Pay: The First Key to an Executive’s Contract
I wish I had a dime -- ok, a dollar -- for every time an executive client of our firm, confronting her involuntary termination (i.e., being fired without cause) has said to me, “when I took the job, the last thing I... Read More
“Cause” for Concern? — Executive Compensation and Severance
In negotiating any senior executive’s employment agreement, particular attention must be paid to the section which defines “Cause” for termination. This section sets forth the specific, agreed-on circumstances in which the employer has legitimate grounds for terminating the executive with “Cause.” A... Read More
College and University Presidents: Worth Every Penny
In response to the question George Birnbaum posed in his recent article, “Executive Compensation for College and University Presidents: Are They Really Overpaid?,” I would like to add my resounding no, and direct your attention to further support for our... Read More
Executive Compensation for College and University Presidents: Are They Really Overpaid?
The latest received wisdom in this country is that College and University Presidents are overpaid -- sometimes shamefully, even grotesquely overpaid. They are also supposed to get ridiculous “perks” like housing (What college campus doesn’t have a President’s house where he or... Read More