POWER WORD PLAY (A Word, Term, or Concept an Executive Ought To Know): RESTRICTED STOCK

When you peruse the financial media and see articles on executives and their compensation, you will often see the term “restricted stock.” In the executive compensation context, restricted stock is a grant of stock that may vest immediately or over time and may or may not be tied to performance measures like year-end profitability. Restricted stock is… Read More POWER WORD PLAY (A Word, Term, or Concept an Executive Ought To Know): RESTRICTED STOCK

TO GIVE SEVERANCE PAYMENTS OR TO NOT GIVE SEVERANCE PAYMENTS, THAT IS THE QUESTION

Severance payments are pragmatic. Employers ought to consider allowing for severance payment and neutral letter-of-reference provisions in their separation agreements where there is no employee misconduct.  These provisions often generate goodwill from a departing employee, thereby reducing lawsuits, and the provisions can also be used to bind an employee to confidentiality, non-disparagement, and non-compete obligations. … Read More TO GIVE SEVERANCE PAYMENTS OR TO NOT GIVE SEVERANCE PAYMENTS, THAT IS THE QUESTION

OBAMA ADMINISTRATION EXPRESSES “FRUSTRATION AND OUTRIGHT SHOCK AT THE PAY PRACTICES OF WALL STREET.”

Briefing by White House Press Secretary Robert Gibbs, 2/23/10: “… Q    A question that I — on Wall Street bonuses.  The New York State Comptroller just released its report for 2009.  It says pay was up 17 percent over 2008.  The average taxable bonus on Wall Street rose to $123,850, and pay was probably even… Read More OBAMA ADMINISTRATION EXPRESSES “FRUSTRATION AND OUTRIGHT SHOCK AT THE PAY PRACTICES OF WALL STREET.”

POWER WORD PLAY (A Word, Term, or Concept an Executive Ought To Know): TAX GROSS-UP

A tax gross-up payment is made by an employer to an employee for any tax liability or penalty an employee incurs because of income, benefits, or perks the employee receives from the employer.  This reimbursement by the employer is to make the employee whole concerning the employee’s compensation by ensuring the employee nets the full benefit of… Read More POWER WORD PLAY (A Word, Term, or Concept an Executive Ought To Know): TAX GROSS-UP

OBSERVATIONS OF A HEADHUNTER: G. A. FINCH INTERVIEWS EXECUTIVE RECRUITER THOMAS HAZLETT

Copyright © 2010 by G. A. Finch. All rights reserved. Hazlett Associates  through its principal, Tom Hazlett, has provided search consulting services on a national basis to a number of Fortune 500 companies as well as smaller, privately held firms across a wide range of industries, with an emphasis on consumer products and business to business direct… Read More OBSERVATIONS OF A HEADHUNTER: G. A. FINCH INTERVIEWS EXECUTIVE RECRUITER THOMAS HAZLETT