Partner Susan Schroeder discusses the increasingly common trend for CEOs to step into the executive chairman position after leaving their CEO position. At companies such as Abbott Laboratories, this meant that the executive chairman received compensation akin to the CEO. Schroeder notes that the average pay for executive chairmen has climbed over the last five years and advises companies to fix a termination date when they name an executive chairman.
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May 17, 2024
Best Practices for Board Compensation
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The newly updated results from our renowned and comprehensive Private Company Board Compensation survey, featuring data from more than 1,500 private and family-owned firms,…
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Knowing When and How to Modify Your Long-Term Incentives
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Effective, tailored incentive plans are critical to motivating employees and ensuring alignment with shareholder interests. High-performing organizations design long-term programs that complement the company's…
