The Executive Compensation Podcast

Meridian Compensation Partners

The Executive Compensation podcast from Meridian Compensation Partners is a vital resource for compensation committees, seasoned compensation professionals, or curious learners to explore all aspects of executive compensation. We dive into all kinds of topics around how to plan executive pay, bonus, and salaries. We talk to seasoned experts about corporate governance, investor relations, and more. Tune in for an in-depth exploration of executive compensation from every different angle.

  1. Sep 15

    How Incentive Plans Shape Executive Behavior

    Every incentive plan teaches. It teaches executives which outcomes matter, which tradeoffs are acceptable, and which behaviors the organization is prepared to reward again. In this episode of The Executive Compensation Podcast, Ryan Harvey, Virginia Rhodes, and Darren Moskovitz examine whether incentive plans can meaningfully influence executives who are already highly motivated, and where compensation design reaches its limits. The conversation explores how high-level company metrics translate into individual behavior, why a seemingly reasonable measure can produce unintended consequences, and when expectations such as collaboration, leadership, risk management, and cultural alignment belong outside the incentive plan. The hosts also discuss how boards can hold executives accountable for both what they accomplish and how they accomplish it. They examine the roles of performance management, succession planning, discretion, and recoupment provisions before turning to the challenge of setting long-term goals in an uncertain environment. The episode concludes with a series of difficult questions: Can a plan deliver strong financial results and still be the wrong plan? If management begins gaming the system, is the problem management, the metric, or both? In this episode, you will learn: Whether incentives can change the behavior of already motivated executivesHow one metric can unintentionally reward the wrong behaviorWhy not everything a company values belongs in an incentive planWhere compensation design ends and leadership accountability beginsHow boards can evaluate both what executives achieved and how they achieved itWhy potential adjustment principles should be discussed before market conditions changeHow to distinguish management gaming from a poorly designed metric A compensation plan can operate exactly as designed and still reinforce the wrong behavior. The committee’s responsibility is to understand both the payout it creates and the lesson it teaches. Timestamps 0:00 AI Payments Explained 1:12 How AI Moves Money Automatically 2:45 Real Use Cases for AI in Finance 4:10 AI Agents in Payments Systems 5:55 Risks of AI Handling Transactions 7:20 Automation vs Human Control in Finance 9:05 What Businesses Need to Know About AI Payments 11:30 The Future of AI in Financial Transactions

  2. Aug 18

    The Difference Between Activity and Value Creation

    Not all performance creates value, and not all motion deserves to be rewarded. In this episode of The Executive Compensation Podcast, Virginia Rhodes, Ryan Harvey, and Darren Moskovitz examine one of the most important distinctions in incentive design: the difference between activities that look productive and outcomes that actually create durable business value. The conversation explores why companies often default to measures that are easy to track, how activity-based goals can create the appearance of rigor, and when strategic milestones may still deserve a place in an incentive plan. The hosts also discuss leading versus lagging indicators, delayed outcomes, transformation periods, market practice, disclosure pressure, and the role of committee judgment when value cannot be measured neatly. For compensation committees, the challenge is not simply choosing measurable goals. It is determining whether the plan rewards what management completed or what the business actually gained. In this episode, you will learn: How to distinguish management activity from meaningful value creationWhy easily measured goals are not always the most important goalsWhen activity-based measures may still be appropriateHow boards should evaluate delayed or long-term outcomesWhy leading indicators may become more useful as data capabilities improveHow market practice should inform incentive design without controlling itWhat committees should ask before rewarding progress rather than results The strongest incentive plans do not reward movement for its own sake. They reward the outcomes that matter.

  3. Jul 21

    Translating Strategy Into 3 Measurable Outcomes

    A strategy can sound disciplined until the board has to decide what it will actually measure. In this episode of The Executive Compensation Podcast, Ryan Harvey, Darren Moskovitz, and Virginia Rhodes break down one of the hardest parts of incentive design: turning broad business strategy into a focused set of measurable outcomes. The challenge is not just choosing metrics. It is deciding what matters most, what should be left out, and how much complexity a plan can carry before it starts to lose clarity. The conversation explores why companies often overload scorecards, how boards can distinguish true strategic outcomes from management activity, and why fewer measures can sometimes create a stronger, more defensible plan. Ryan, Darren, and Virginia also connect the discussion to Meridian’s Client Alert on SEC disclosure reviews and the growing pressure for companies to explain which metrics are truly material. For compensation committees, this episode is about more than measurement. It is about judgment, tradeoffs, and building incentive plans that management, boards, and shareholders can actually understand. In this episode, you will learn: How boards translate strategy into measurable outcomesWhy too many metrics can weaken incentive designHow to tell the difference between a strategic outcome and a management activityWhy simplification can make a plan more defensibleHow disclosure expectations affect metric selectionWhat committees should question before approving a scorecard  The best incentive plans are not the ones that measure the most, they are the ones that measure what matters.

  4. Jun 23

    Is Your Incentive Plan Actually Tied to Strategy?

    What happens when an incentive plan looks polished on paper but has quietly drifted away from the business strategy it was supposed to support? In this episode of The Executive Compensation Podcast, Ryan Harvey, Virginia Rhodes, and Darren Moskovitz unpack how compensation committees can tell whether an incentive plan is truly reinforcing long-term value creation or simply rewarding motion, tradition, or internal comfort. The conversation explores the tension between shareholder value, executive behavior, financial metrics, strategic carve-outs, discretion, peer alignment, and transformation. Ryan, Virginia, and Darren discuss why incentive design should be tested against business strategy, why more metrics do not always create more clarity, and why the most defensible plans are often the ones that balance simplicity with judgment. In this episode, you will learn: How compensation committees can test whether incentive plans still support strategyWhy strategic outcomes and strategic behaviors are not always the same thingWhen non-financial or strategic metrics make sense inside an incentive planHow often committees should revisit incentive plan designWhy peer alignment should inform decisions without replacing business strategyHow disclosure changes may affect plan design, discretion, and long-term incentives Good governance is not about having the most complex plan. It is about having one that management, shareholders, and the board can understand and defend over time. Subscribe for new episodes from Meridian Compensation Partners. Visit https://meridiancp.com to learn how Meridian works with boards on executive compensation decisions they can stand behind.

  5. 11/25/2025

    A Fresh Look at Stock Ownership Guidelines

    On today’s episode, we’re joined by Jeff Keckley and Ron Rosenthal, both Partners at Meridian Compensation Partners, LLC. Jeff and Ron break down the purpose of stock ownership guidelines, how they support alignment with shareholders and why companies should revisit these policies as their compensation programs evolve. They outline how guidelines are typically structured, what counts as ownership, how external stakeholders evaluate them and the growing use of holding requirements as a complement or alternative to traditional ownership timelines. Key Takeaways: 00:00 Introduction. 02:02 Ownership guidelines encourage executives to think and act like owners. 04:17 Tiered ownership levels help clarify expectations across the leadership team. 07:11 Pay mix influences how quickly executives can reach ownership requirements. 11:16 Ownership guidelines focus on vested value while holding power focuses on unvested awards. 13:07 Participation decisions reflect the company’s culture and overall pay philosophy. 15:58 Companies make judgment calls on which share types to count toward ownership. 24:30 Holding requirements help executives build and maintain ownership over time. 28:01 Periodic reviews keep guidelines aligned with market practice and business needs. Resources Mentioned: Jeff Keckley https://www.linkedin.com/in/jeffkeckley/ Ron Rosenthal https://www.linkedin.com/in/ron-rosenthal-a48ab5ab/ Meridian Compensation Partners, LLC https://www.linkedin.com/company/meridian-compensation-partners-llc/ This episode is brought to you by Meridian Compensation Partners, LLC. Learn more by visiting MeridianCP.com.   #Compensation #Wages #SPAC

    A Fresh Look at Stock Ownership Guidelines

About

The Executive Compensation podcast from Meridian Compensation Partners is a vital resource for compensation committees, seasoned compensation professionals, or curious learners to explore all aspects of executive compensation. We dive into all kinds of topics around how to plan executive pay, bonus, and salaries. We talk to seasoned experts about corporate governance, investor relations, and more. Tune in for an in-depth exploration of executive compensation from every different angle.

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