Current Pay Governance Viewpoints
John R. Ellerman
Section 409A was added to the Internal Revenue Code (IRC or “Code”) as part of the American Jobs Creation Act legislated in 2004. Essentially, Section 409A sets forth certain requirements for the effective deferral of compensation under nonqualified deferred compensation arrangements. Much of the impetus for Section 409A was the ability of certain executives to accelerate the payment of their supplemental retirement arrangements and deferred compensation at Enron immediately prior to the company’s demise. Read More
Continue Paying Executives for Performance: A Rebuttal to the HBR Article “Stop Paying Executives for Performance”By Ira T. Kay and Lane T. Ringlee
The Harvard Business Review [HBR] recently published an article, “Stop Paying Executives for Performance,” by Professor Dan Cable and Associate Professor Freek Vermeulen of the London Business School. The authors present arguments and analysis that incentives do not motivate executives to improve corporate performance. In fact, they argue that incentives might damage performance. Read More
Team Member Highlight
- Julia Kennedy Consultant | Kansas City
- View Articles by Julia Kennedy
Julia Kennedy is a consultant in the Kansas City office of Pay Governance. Julia has experience in various aspects of executive compensation, including peer group development and validation, research and analysis of compensation practices and trends, competitive pay assessments for executives and non-employee directors, pay-for-performance assessments, and short- and long-term incentive plan design. She also has extensive experience conducting equity incentive valuations for accounting purposes. Julia has worked with clients in a variety of industries including energy, financial services, manufacturing, retail, and technology.
Prior to joining Pay Governance, Julia had seven years of consulting experience in the executive compensation and retirement practices at Towers Watson and Mercer.
Julia graduated from Southern Methodist University with degrees in Mathematics and Operations Research and received her M.B.A. with a concentration in financial services from the University of Dallas.