We hope you are staying cool and enjoying vacations with your families. The start of school is around the corner and just like the kids, we too are gearing up for the busy fall season.
In this edition of the L-Blast we have some great articles to share with you all. Our first piece is an L&A original article on incentive plans and the changes we are seeing that are shifting corporate strategies towards shareholder returns. In this article we share with you the most prevalent practices for your benefit.
In addition, we have two research articles you will find helpful. The first piece from Bloomberg provides more insight on the topic of incentive practices for executive pay in the Oil & Gas sector and how it is now being tied to investor returns. The second article also talks about compensation in the Energy industry and now that we have seen the first disclosures of the controversial CEO pay ratio, you may be surprised to know that this sector has the smallest gap in pay between median employee and chief executive. Read on to find out why and get a more detailed breakdown of pay in the Energy industry.
Last but not least, we are proud to announce L&A has made HBJ’s Fast 100 List! Thanks to all of you who have made this possible. We appreciate each and every one of you. Don’t forget to check out our motivation corner, where we share a few words of wisdom.
As always, let us know if there is a particular subject you’d like to learn more about.
Brent Longnecker and the L&A Team
Chairman and CEO
Longnecker & Associates
Incentive Plan Changes Are Coming
Over the past eighteen months, discussions on incentive compensation structures have been taking on a different element at a rapid clip in boardrooms across the country – as a result of investor pressures in the energy industry, annual incentive and long-term incentive performance metrics are getting the full health physical treatment.
Forget Tech, Big Oil is Doling Out America’s Fattest Paychecks
Move over Wall Street titans and Silicon Valley giants. When it comes to paychecks, Big Oil now looks like the best bet for U.S. workers.
Spurred partly by the shale boom, the median pay for energy workers last year was $123,000, according to data newly mandated by the U.S. That topped all sectors, including utilities, tech and health care.
L&A Makes HBJ’s Fast 100 List
The Houston Business Journal recently revealed its Fast 100 List, recognizing private companies in the Houston area with the fastest revenue growth. We are grateful to our team and our clients who have contributed to L&A’s success, making it possible to be on this list. See the complete list by clicking below.
New L&A Website Coming Soon!
In an effort to provide a better user experience we will be rolling out a newly designed website very soon, so stay tuned!
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