It's nothing short of ironic that on Halloween, the Wall Street Journal published a headline about how frighteningly high executive pay has become. The story focused on an 81-year-old executive whose transition from CEO to merely chairman triggered a clause in his compensation package that resulted in a $100 million payout.
No wonder people want to occupy Wall Street; the pocket change alone could be incredible.
We need a new name for the compensation paid to key talent in a business. "Executive benefits" is often equated with C-Suite perks in public companies, not with the incentives used in American businesses to encourage top performers to perform to their highest potential. In tax parlance, a common phrase for key players is a "highly compensated employee" (HCE). This too has a pejorative ring to it.
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
