Partner Eric Hosken was recently quoted in AdvisorHub’s article that spoke about the substantial difference between CEO and median employee compensation increases among the nation’s largest brokerages. He explained that one of the reasons for the substantial CEO increases is because targets were set too low. Compensation Committees in 2020 did not expect for the market to turnaround the way that it did in 2021. Eric Hosken also mentioned that the tight labor market for wealth management CEOs, who have a proven track record, probably influenced the decision making of the Compensation Committee.