Executive compensation best practices:
Gespeichert in:
| 1. Verfasser: | |
|---|---|
| Format: | Buch |
| Sprache: | English |
| Veröffentlicht: |
Hoboken, NJ
Wiley
2008
|
| Schlagworte: | |
| Online-Zugang: | Table of contents only Publisher description Contributor biographical information Inhaltsverzeichnis |
| Beschreibung: | XVII, 318 S. |
| ISBN: | 9780470223796 |
Internformat
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Datensatz im Suchindex
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|---|---|
| adam_text | Contents
Preface
Acknowledgments
CHAPTER 1
CHAPTER 2
CHAPTER 3
XI xvii
Introduction l
Should the CEO be Rewarded or Punished for
Events Beyond the CEO s Control? l
Warren E. Buffett on Executive Compensation 3
CEO Compensation Theories 4
CEO Forced Exit Packages 6
Private Equity Compensation 8
Entertainment and Sports Celebrities 8
Benefits of Good Corporate Governance 9
Motivating Executive Performance 13
Tying Performance to the Strategic Plan 15
Unintended Consequences 16
Firm Expansion and CEO Pay 19
Equity-Based Compensation 20
A New Role for CEOs 21
Satisfying Investor Expectations 22
Minimum Equity Ownership Requirements 23
Peer Groups and Benchmarking 25
Adjusting the Peer Group 28
Peer Groups for Different Levels of Executives 30
Benchmarking 31
Lake Wobegon Effect 33
Benchmarking with Medians 34
chapter 4 Competing With Private Equity Funds
35
VII
VI I I
CONTENTS
CHAPTER 5
CHAPTER 6
CHAPTER 7
CHAPTER 8
CHAPTER 9
CHAPTER 10
Explaining Executive Compensation
to Shareholders 43
Introduction 43
Reconstructing Executive Compensation
Disclosure for Shareholders 50
Compensation Committee Ordinary Operations 57
SEC Action Against Tyson Foods 62
Earnings on Deferred Compensation 64
Practical Steps for Compensation Committees 65
Compensation Committees of
Non-Profit Organizations 67
Negotiating Executive Employment and
Severance Agreements 71
Negotiating with New CEO Candidates 71
Negotiating with Existing CEOs 76
Best Practices Applicable to New and Existing CEOs 77
Council of Institutional Investors 78
Gross-Up Clauses 89
Retirement Arrangements 94
The Grasso Case 95
Section 409A of the Internal Revenue Code 96
Other Best Practices in Negotiating Employment or
Severance Agreements 96
Compensation Committee Structure and Process 99
Creating Incentives for Good Corporate Governance 108
Disney Litigation 110
Equity Incentive Choices 113
Overview of Equity Incentives for Key Employees 113
Dilution 114
Stock Option versus Stock Appreciation Rights 114
Restricted Stock versus SARs or Phantom
Appreciation Plans 120
Phantom Plans 121
ISOs versus Non-ISOs 122
The Advantage of ISOs 124
Non-ISOs with Tax Reimbursement 125
The Tax Benefit to the Company 127
Option Granting Practices 129
Option Granting Practices 135
The Council of Institutional Investors 142
Equity Retention Practices 143
CONTENTS
IX
CHAPTER 11
CHAPTER 12
CHAPTER 13
Director Compensation 145
Retainer and Differential Pay 147
Minimum Equity Requirements 148
Director Compensation Procedure and Process 149
Shareholder Approval 151
Perquisites, Repricing and Exchange Programs,
Change in Control, and Severance Payments 151
Disgorgement 152
Negotiating for the Executive 153
CEO Turnover 154
New Candidates for CEO or Other Executive Positions 154
Employment Agreements with Private Equity
Buyers of CEO s Business 161
Executive Compensation and Section 409A of
the Internal Revenue Code 163
Background 166
Plans That Do Not Provide for the Deferral
of Compensation 168
Nonqualified Deferred Compensation Plan - Plans
that Provide for Deferred Compensation 172
Special Rule Applicable to Specified Employees 173
Change-in-Control Events 174
Change in the Ownership of a Corporation 175
Change in the Effective Control of a Corporation 176
Change in Ownership of a Substantial Portion
of a Corporation s Assets 177
Structuring the Payments upon an Event
Payment Trigger 178
Specified Time or Fixed Schedule 179
Equity-Based Compensation 179
Section 409A Compliance 181
appendix A Compensation Committee Charter 183
appendix B Corporate and Securities Update:
SEC Adopts Sweeping Overhaul of its Executive
Compensation Disclosure Requirements
(September 2006 and revised December 2006) 189
appendix C Employment Agreement
appendix D Public Company Equity Incentive Plan
213
233
CONTENTS
APPENDIX E
APPENDIX F
Index
Search Terms Typically Required to be
Researched by Public Company in Option
Backdating Investigations by the Securities and
Exchange Commission 285
What an Employee Should Know About
His or Her Stock Options
289
309
|
| adam_txt |
Contents
Preface
Acknowledgments
CHAPTER 1
CHAPTER 2
CHAPTER 3
XI xvii
Introduction l
Should the CEO be Rewarded or Punished for
Events Beyond the CEO's Control? l
Warren E. Buffett on Executive Compensation 3
CEO Compensation Theories 4
CEO Forced Exit Packages 6
Private Equity Compensation 8
Entertainment and Sports Celebrities 8
Benefits of Good Corporate Governance 9
Motivating Executive Performance 13
Tying Performance to the Strategic Plan 15
Unintended Consequences 16
Firm Expansion and CEO Pay 19
Equity-Based Compensation 20
A New Role for CEOs 21
Satisfying Investor Expectations 22
Minimum Equity Ownership Requirements 23
Peer Groups and Benchmarking 25
Adjusting the Peer Group 28
Peer Groups for Different Levels of Executives 30
Benchmarking 31
Lake Wobegon Effect 33
Benchmarking with Medians 34
chapter 4 Competing With Private Equity Funds
35
VII
VI I I
CONTENTS
CHAPTER 5
CHAPTER 6
CHAPTER 7
CHAPTER 8
CHAPTER 9
CHAPTER 10
Explaining Executive Compensation
to Shareholders 43
Introduction 43
Reconstructing Executive Compensation
Disclosure for Shareholders 50
Compensation Committee Ordinary Operations 57
SEC Action Against Tyson Foods 62
Earnings on Deferred Compensation 64
Practical Steps for Compensation Committees 65
Compensation Committees of
Non-Profit Organizations 67
Negotiating Executive Employment and
Severance Agreements 71
Negotiating with New CEO Candidates 71
Negotiating with Existing CEOs 76
Best Practices Applicable to New and Existing CEOs 77
Council of Institutional Investors 78
Gross-Up Clauses 89
Retirement Arrangements 94
The Grasso Case 95
Section 409A of the Internal Revenue Code 96
Other Best Practices in Negotiating Employment or
Severance Agreements 96
Compensation Committee Structure and Process 99
Creating Incentives for Good Corporate Governance 108
Disney Litigation 110
Equity Incentive Choices 113
Overview of Equity Incentives for Key Employees 113
Dilution 114
Stock Option versus Stock Appreciation Rights 114
Restricted Stock versus SARs or Phantom
Appreciation Plans 120
Phantom Plans 121
ISOs versus Non-ISOs 122
The Advantage of ISOs 124
Non-ISOs with Tax Reimbursement 125
The Tax Benefit to the Company 127
Option Granting Practices 129
Option Granting Practices 135
The Council of Institutional Investors 142
Equity Retention Practices 143
CONTENTS
IX
CHAPTER 11
CHAPTER 12
CHAPTER 13
Director Compensation 145
Retainer and Differential Pay 147
Minimum Equity Requirements 148
Director Compensation Procedure and Process 149
Shareholder Approval 151
Perquisites, Repricing and Exchange Programs,
Change in Control, and Severance Payments 151
Disgorgement 152
Negotiating for the Executive 153
CEO Turnover 154
New Candidates for CEO or Other Executive Positions 154
Employment Agreements with Private Equity
Buyers of CEO's Business 161
Executive Compensation and Section 409A of
the Internal Revenue Code 163
Background 166
Plans That Do Not Provide for the Deferral
of Compensation 168
Nonqualified Deferred Compensation Plan - Plans
that Provide for Deferred Compensation 172
Special Rule Applicable to Specified Employees 173
Change-in-Control Events 174
Change in the Ownership of a Corporation 175
Change in the Effective Control of a Corporation 176
Change in Ownership of a Substantial Portion
of a Corporation's Assets 177
Structuring the Payments upon an Event
Payment Trigger 178
Specified Time or Fixed Schedule 179
Equity-Based Compensation 179
Section 409A Compliance 181
appendix A Compensation Committee Charter 183
appendix B Corporate and Securities Update:
SEC Adopts Sweeping Overhaul of its Executive
Compensation Disclosure Requirements
(September 2006 and revised December 2006) 189
appendix C Employment Agreement
appendix D Public Company Equity Incentive Plan
213
233
CONTENTS
APPENDIX E
APPENDIX F
Index
Search Terms Typically Required to be
Researched by Public Company in Option
Backdating Investigations by the Securities and
Exchange Commission 285
What an Employee Should Know About
His or Her Stock Options
289
309 |
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| spellingShingle | Lipman, Frederick D. Executive compensation best practices Cadres (personnel) - Salaires ram Salaires - Gestion ram Executives Salaries, etc Compensation management Führungskraft (DE-588)4071497-4 gnd Gehalt (DE-588)4019729-3 gnd |
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| title | Executive compensation best practices |
| title_auth | Executive compensation best practices |
| title_exact_search | Executive compensation best practices |
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| title_full | Executive compensation best practices Frederick D. Lipman, Steven E. Hall |
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| title_short | Executive compensation best practices |
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| topic | Cadres (personnel) - Salaires ram Salaires - Gestion ram Executives Salaries, etc Compensation management Führungskraft (DE-588)4071497-4 gnd Gehalt (DE-588)4019729-3 gnd |
| topic_facet | Cadres (personnel) - Salaires Salaires - Gestion Executives Salaries, etc Compensation management Führungskraft Gehalt |
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