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Author: Peter Moser
Publisher:
ISBN:
Category : Covenants not to compete
Languages : en
Pages : 94
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Book Description
Author: Peter Moser
Publisher:
ISBN:
Category : Covenants not to compete
Languages : en
Pages : 94
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Book Description
Author: Frederick D. Lipman
Publisher: John Wiley & Sons
ISBN: 9780470283035
Category : Business & Economics
Languages : en
Pages : 336
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Book Description
Executive Compensation Best Practices demystifies the topic of executive compensation, with a hands-on guide providing comprehensive compensation guidance for all members of the board. Essential reading for board members, CEOs, and senior human resources leaders from companies of every size, this book is the most authoritative reference on executive compensation.
Author: Gary D. Blachman
Publisher: Aspatore Books
ISBN: 9780314280602
Category : Executives
Languages : en
Pages : 101
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Book Description
Written by practicing attorneys with nationwide experience in drafting and litigating employment and separation agreements, Executive Severance Agreements Line by Line is a comprehensive examination of the crucial components included in a severance agreement for an executive. It explains the reasoning behind the various clauses in the agreement and explores the rationale for using different agreements to help meet the specific needs of each client. This book also discusses the difficulty in enforcing certain provisions of the agreement and examines how to draft provisions to maximize the opportunity for enforcement. The authors offer advice on such topics as considering the potential restrictions imposed by IRC Section 409A, understanding the impact of federal statutes and regulations on separation provisions, addressing various states approaches to non-competes, determining the appropriate scope of non-solicitation and non-competition provisions, and analyzing the consideration offered in exchange for a release of claims. Executive Severance Agreements Line by Line is a valuable resource for anyone who has ever negotiated or drafted a severance agreement, as well as for any executive who is about to enter into such an agreement.
Author: Kareen E. Brown
Publisher:
ISBN:
Category :
Languages : en
Pages : 98
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Book Description
Examine whether the existence of severance agreements in an executive compensation package is consistent with providing insurance to the CEO for the reputation costs associated with termination, with the damage control hypothesis, or with the rent extraction hypothesis. Consistent with the insurance hypothesis, I find that severance agreements are more likely to be offered when firms are unprofitable, illiquid and operate in a risky environment. Next, I examine the association between CEO severance agreements and the extent of earnings management. I hypothesize that an ex ante severance plan reduces CEOs' incentives to manipulate earnings for two reasons: First, severance pay mitigates CEOs' job security concerns by providing compensation and benefits while the CEO is unemployed. Second, in the event that the CEO is caught manipulating earnings, the potential loss of severance pay in addition to the other forms of compensation, increases the cost to the CEO of earnings manipulation. I hypothesize that the reduced earnings manipulation effect of severance pay also reduces earnings management motivated by other forms of incentive pay. I detect a lesser magnitude of earnings management when severance packages are offered to CEOs of firms facing distress. I further find that the association between earnings management and incentive compensation is significantly lower for those firms with severance plans.
Author: United States
Publisher:
ISBN:
Category : Age discrimination in employment
Languages : en
Pages : 6
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Book Description
Author: Lucian A. Bebchuk
Publisher: Harvard University Press
ISBN: 9780674020634
Category : Business & Economics
Languages : en
Pages : 308
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Book Description
The company is under-performing, its share price is trailing, and the CEO gets...a multi-million-dollar raise. This story is familiar, for good reason: as this book clearly demonstrates, structural flaws in corporate governance have produced widespread distortions in executive pay. Pay without Performance presents a disconcerting portrait of managers' influence over their own pay--and of a governance system that must fundamentally change if firms are to be managed in the interest of shareholders. Lucian Bebchuk and Jesse Fried demonstrate that corporate boards have persistently failed to negotiate at arm's length with the executives they are meant to oversee. They give a richly detailed account of how pay practices--from option plans to retirement benefits--have decoupled compensation from performance and have camouflaged both the amount and performance-insensitivity of pay. Executives' unwonted influence over their compensation has hurt shareholders by increasing pay levels and, even more importantly, by leading to practices that dilute and distort managers' incentives. This book identifies basic problems with our current reliance on boards as guardians of shareholder interests. And the solution, the authors argue, is not merely to make these boards more independent of executives as recent reforms attempt to do. Rather, boards should also be made more dependent on shareholders by eliminating the arrangements that entrench directors and insulate them from their shareholders. A powerful critique of executive compensation and corporate governance, Pay without Performance points the way to restoring corporate integrity and improving corporate performance.
Author:
Publisher:
ISBN: 9781604423273
Category : Directors of corporations
Languages : en
Pages : 532
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Book Description
Author: John Kellam Associates
Publisher:
ISBN:
Category : Executives
Languages : en
Pages : 20
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Book Description
Author: Arthur F. Woodard
Publisher: Aspatore Books
ISBN: 9780314272102
Category : Law
Languages : en
Pages : 96
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Book Description
Written by a practicing attorney with more than thirty years experience in negotiating employments agreements, Executive Employment Agreements Line by Line is a comprehensive examination of an employment agreement for a senior executive. It explains the reasoning behind the various clauses in the agreement, noting those which are crucial for the employer and the executive, and those which are mere boilerplate. The book covers such key topics as at-will versus contractual employment; salary, bonus, and other compensation; severance for cause, good reason, and without cause; restrictive covenants; golden parachutes; and the impact of new Section 409A of the Internal Revenue Code of 1986 on employment agreements. This book also focuses on the changes likely to be made in the negotiating process as a result of heightened scrutiny of executive compensation by the government, its agencies, and shareholder advocacy groups, particularly the potential impact of the say on pay and clawback requirements of the newly-enacted Dodd-Frank Wall Street Reform and Consumer Protection Act. Executive Employment Agreements Line by Line is a valuable resource for anyone who has ever negotiated an employment agreement, as well as for any executive who is about to enter into such an agreement.
Author: New York (State). Department of Law
Publisher:
ISBN:
Category : Executives
Languages : en
Pages : 168
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Book Description
