Balancing management and investor needs in executive pay
- Trends in Executive Change-in-Control Severance Agreements. Kalfen, Donald; Powers, Michael; Rodda, Daniel // NACD Directorship;Jul/Aug2012, Vol. 38 Issue 4, p70
The article discusses changes in the executive change-in-control (CIC) severance arrangements of public companies in response to increasing pressure from activist shareholders, proxy advisory firms and corporate governance experts. A 2011 to 2012 study conducted by Meridian showed the prevalence...
- Formal executive severance programs on the rise. // Corporate Board;Sep/Oct99, Vol. 20 Issue 118, p27
Reports on the rise in formal executive severance programs in the United States, according to a survey by Hewitt Associates. Added security and protection for executives; Calculation of severance pay.
- Severance packages for mid-level executives rise steeply. Leonard, Bill // HRMagazine;Oct96, Vol. 41 Issue 10, p8
Reports on the increase in severance pay for mid-level executives during the first six months of 1996, according to a report by Drake Beam Morin Inc. of New York. Average severance pay for mid-level executives for the period; Average tenure of executives for 1995 and 1996.
- Sweetening the deal. // PC Week;03/24/97, Vol. 14 Issue 12, p136
Focuses on the rise of severance pay for midlevel executives from 1994 through 1996. Two factors attributed to the increase.
- Bye-bye boss. // Long Island Business News (7/1993 to 5/2009);07/30/99, Vol. 46 Issue 31, p1B
Presents information on the strategies of companies in providing severance payments to executives.
- Fair and square. Poe, Randall; Courter, Carol Lee // Across the Board;Mar1995, Vol. 32 Issue 3, p5
States that fired executives are generally satisfied with their severance pay. Findings from a Lee Hecht Harrison survey of outplaced managers in the United States; Average severance pay.
- Ordinary Shares and Managers. Strausz, Roland // Journal of Economics;Jan2006, Vol. 87 Issue 1, p1
We argue that ordinary shares undermine any inherent commitment of its holders to resist renegotiating away ex post inefficiencies. Yet, in a dynamic adverse selection problem, such ex post inefficiencies are optimal from an ex ante point of view. We show that shareholders may use a manager in...
- Severance pay formalized for execs, poll says. // Employee Benefit News;Sep99, Vol. 13 Issue 10, p78
Presents the findings of a poll conducted by Hewitt Associates about executive severance programs in the United States. Response of companies with formalized executive severance packages when no change in control is involved; Comments from Robert Romanchek, an executive compensation consultant...
- Getting tough on fat cat failures. Mordue, Christopher // Employers Law;Jul/Aug2003, p8
Focuses on the limitations in the proposals of the British government in its attempt to express its desire to link executive pay-offs to work performance in order to end the practice of payment for failure as of July 2003. Terms of the Private Member's Bill proposed by Member of Parliament...