Archive for the ‘Deferred Compensation’ Category
As today’s Wall Street Journal article, “Fund’s Employees Face Uncertainty” indicates: “No major financial firm has survived a criminal indictment.” With the criminal indictment of SAC Capital Advisors, many of its current employees are confronted with a difficult decision. The choices are limited – stay or go.
The compensation package of Eugene Isenberg, former CEO and now chairman of Nabors Industries, Ltd., including a proposed $100 million termination payment, illustrates the far extreme of executive compensation. While institutional shareholders brought suit to challenge his compensation, wasn’t there due diligence before investments were made?