USA Today created another amazing twist of CEO pay realities. In an article released on Oct. 21 gives us one more example of magazines and newspapers distorting truths to sell in a more competitive online news environment. Here is a link to the article: http://www.usatoday.com/story/money/business/2013/10/21/ceo-pay-soars-stock/3003155/ This time around, the paper took CEO shares held over a… Read more »
Were you able to tune in to our Managing Director, Josh Henke, speak on the Generation Gap in Houston's workforce? Here's the link to KUHF/NPR's Houston Matters broadcast from October 1, 2013.
It’s official. The SEC has followed through with pay disparity disclosures. This is one of those rules that bureaucrats picked up from the media and turned it into a law, without any real thought as to the cost of calculating this number versus the value it provides investors. In short, disclosing the CEO’s pay to… Read more »
Join us for a joint presentation with Vinson & Elkins entitled: "Executive Compensation Compliance and Trends in the Energy Industry: Insights from both Consultants and Attorneys". It is here in Houston on October 1, but is also available via webcast. Click here for more info. Hope to see you there!
"A rule requiring public companies to disclose how much their chief executives are paid compared to average workers will be issued 'in the near future,' according to the chairwoman of the Securities and Exchange Commission (SEC). The rule was ordered under the Dodd-Frank Act in 2010, but has yet to be issued by the SEC…. Read more »
For years we have been watching the trends in long-term incentives. As we had predicted, more and more companies are decreasing the use of stock options as a long-term incentive vehicle. Longnecker & Associates has written books on the subject, one of which is entitled “The Power of Restricted Stock” has a new edition out… Read more »
Here is an important update on the status of the Dodd-Frank Act that we obtained from the National Association of Corporate Directors (NACD). This is an amazing organization whose primary mission is to "Advance Exemplary Board Leadership," and they do it well. Dodd-Frank was put in place over three years ago, and there were several… Read more »
55. That is the number of publicly traded companies which have failed the Say-on-Pay vote as of July 23, 2013. That is two less than the total of 2012 and 18 more than in 2011. It has been three years since the Dodd-Frank Act initiated this provision of a shareholder vote, which is non-binding…for now… Read more »
Longnecker & Associates performed an analysis of the 720 highest-paid local executives who work for publicly traded companies in Houston for the Houston Chronicle. Check out the full article, including quotes from L&A's own Josh Henke and Jon Covington, entitled, "It's Good to be an Executive on Payday" here.
In any company, the relationship among the management team, compensation committee and outside advisers can be complex. This dynamic interplay of parties often comes to a crescendo in the executive incentive plan design process. When a company implements an executive incentive plan design, best practices often involve four categories of involved parties: senior management (which usually… Read more »