In the aftermath of the failed Affordable Care Act (“Obamacare”) repeal and replace effort, the United States’ new administration announced its intent to shift focus to other high-priority issues. As noted in the latest press accounts, President Trump is anxious to tackle a comprehensive rewrite of the Tax Code. Read More
Current Pay Governance Viewpoints
John R. Ellerman
An Emerging Best Practice: Disclosing Prospective Executive Compensation in the Proxy Compensation Discussion & Analysis (CD&A)By John R. Ellerman and Lane T. Ringlee
In recent years, the SEC has developed extensive rules and regulations regarding the reporting of executive compensation in the company annual proxy. Such reporting includes the narrative discussion of CD&A executive compensation policies and practices as they pertain to the CEO and NEOs. Additionally, the SEC requires that companies provide numerous prescribed tables and schedules reporting the historical elements of executive pay for the most recently completed fiscal year as well as the past 2 fiscal years. Read More
Chris Brindisi, Jack Marsteller and John R. Ellerman
The rise in both the prevalence and prominence of long-term performance plans has been one of the most significant trends in executive compensation over the past 15 years. At the time of the dot-com market collapse (March 2000 to October 2002) and the demise of several prominent U.S. companies (e.g., the Enron scandal revealed in October 2001), long-term performance plans were only used by a relatively small portion of large U.S. public companies. Read More
Blaine Martin, Clement Ma and Ira T. Kay
In the Dodd-Frank Act legislation after the 2008 Financial Crisis, the inclusion of shareholder SOP voting was driven by bipartisan Congressional support to “control executive compensation…” at corporations. In 2009, a former SEC chief accountant said, “Executive compensation at this point in time has gotten woefully out of hand... The time to adopt 'say on pay' type legislation is certainly past due.” Politicians, regulators, and some institutional shareholders clearly thought that, “The impetus for passage of Dodd-Frank's say-on-pay requirement in 2011 focused on remedying ‘excessive’ CEO pay.” Read More
Team Member Highlight
- Bryce Gerboc Consultant | Pittsburgh
- View Articles by Bryce Gerboc
Bryce Gerboc is a Consultant in the Pittsburgh office of Pay Governance. His experience includes competitive assessments of executive and director compensation, compensation and performance peer group development, analysis related to annual and long-term incentive plan design, and pay-for-performance assessments. Bryce preforms work for publicly-traded and private companies in various industries.
Bryce graduated summa cum laude from the University of Pittsburgh with a B.A. in Finance, and a minor Economics.