33 episodes

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.

Executive Compensation Podcast: Conversations on Executive Pay & Compensation Committee Governance Meridian Compensation Partners

    • Business
    • 5.0 • 45 Ratings

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.

    What Board Members Need To Know About Annual Incentive Plans

    What Board Members Need To Know About Annual Incentive Plans

    On today’s episode, we’re joined by George Paulin and Gerard Leider, both partners at Meridian Compensation Partners, LLC. George and Gerard discuss executive compensation and annual incentive plan design.



    Key Takeaways:



    (02:33) Typical annual incentive plans use financial metrics tied to business goals and strategy.

    (04:13) The most common financial metrics are profits, returns or cash flow.

    (08:23) Companies are moving away from formulaic threshold-to-maximum goal ranges.

    (11:18) Macroeconomics creates uncertainty in annual planning and goal setting.

    (15:16) Realistic goal setting is crucial, especially in down years.

    (19:59) Find the balance between performance risk and leverage in payout curves.

    (20:42) Set motivational yet achievable goals.



    Resources Mentioned:




    George Paulin -
    https://www.linkedin.com/in/george-paulin-2b9b5111/

    Gerard Leider -
    https://www.linkedin.com/in/gerard-leider-7348501/

    Meridian Compensation Partners, LLC -
    https://www.meridiancp.com/







    This episode is brought to you by Meridian Compensation Partners, LLC. Learn more by visiting MeridianCP.com.

     







    #Compensation #Wages #SPAC #Equity #ExecutiveCompensation #Clawback

    • 21 min
    Evaluating Executive Pay Through an Activist Lens

    Evaluating Executive Pay Through an Activist Lens

    On today’s episode, we’re joined by Meridian Compensation Partners, LLC’s Christina Medland, Managing Partner, and Mike Rourke, Lead Consultant. Christina and Mike discuss executive compensation through an activist investor lens.



    Key Takeaways:



    (01:23) Activist investors view compensation alignment as a barometer of the pay-for-performance relationship. 

    (06:48) Activists flag supplemental benefits, tax gross-ups, discretionary adjustments and aspirational peer groups as concerning.

    (08:11) Activists want strong links between realized pay and performance.

    (13:21) Activists compare incentive targets and resulting payouts to close business comparators. 

    (20:17) Be transparent in CD&As using graphics and tables. Provide business context supporting pay outcomes.

    (21:30) With diverging investor policies, committees must do what’s right for their business first when setting pay.

    (23:15) Underperforming companies with sound business strategies and timing transparency retain more shareholder support.




    Christina Medland - https://www.linkedin.com/in/christina-medland-09450b17/?originalSubdomain=ca
    Mike Rourke - https://www.linkedin.com/in/mike-rourke-1668371a/







    This episode is brought to you by Meridian Compensation Partners, LLC. Learn more by visiting MeridianCP.com.

     



    #Compensation #Wages #SPAC #Equity #ExecutiveCompensation #Clawback

    • 24 min
    Executive Compensation Actions You Should Be Taking Now To Prepare for a Merger

    Executive Compensation Actions You Should Be Taking Now To Prepare for a Merger

    On today's episode, we’re joined by Meridian Compensation Partners, LLC’s Robert Romanchek, Partner, and Mike Withey, Lead Consultant. Robert and Mike discuss executive compensation strategies for mergers and acquisitions.



    Key Takeaways:



    (02:21) Prepare executive compensation programs in advance for future mergers and acquisitions transactions.

    (04:20) Use double trigger vesting for equity awards, except when the buyer won't assume awards.

    (08:29) Cover annual incentives and have prorated payout provisions.

    (13:16) Ensure severance arrangements address parachute payment tax issues.

    (15:15) Use special retention awards selectively for critical talent.

    (17:31) Distinguish between pre-close and post-close retention strategies.

    (23:45) Understand key concepts of 280G excise tax rules.





    Robert Romanchek - https://www.linkedin.com/in/robert-romanchek-36a4bb1a/

    Mike Withey -
    https://www.linkedin.com/in/mike-withey-81829217a/





    This episode is brought to you by Meridian Compensation Partners, LLC. Learn more by visiting MeridianCP.com.

     





    #Compensation #Wages #SPAC #Equity #ExecutiveCompensation #Clawback

    • 32 min
    Rewarding Oversight: Exploring Board Member Compensation

    Rewarding Oversight: Exploring Board Member Compensation

    On today’s episode, we’re joined by Ron Rosenthal⁠, Lead Consultant of
    Meridian Compensation Partners, LLC⁠ and ⁠Michael Powers, Partner of Meridian Compensation Partners, LLC.



    Michael and Ryan discuss the nuanced approaches and considerations involved in compensating board members and transitioning CEOs.



    Key Takeaways:



    (01:10) An overview of the three major components of director compensation: retainers, equity awards and committee pay.

    (05:34) Equity grants are the majority of a director's total annual compensation.

    (07:55) Exploring the trend of moving away from stock options due to misalignment with a director's fiduciary role.

    (08:13) Discussing a lack of incentive or performance-based compensation for directors.

    (12:11) Governance considerations around directors approving their own pay packages.

    (15:26) Why the recent Tesla lawsuit settlement related to director pay.

    (18:01) Exploring compensation for board leadership roles like Chair, Lead Director and Executive Chair.

    Resources Mentioned:



    Michael Powers - https://www.linkedin.com/in/michael-powers-6606546/

    Ron Rosenthal - https://www.linkedin.com/in/ron-rosenthal-a48ab5ab/
    Meridian Compensation Partners, LLC -
    https://www.linkedin.com/company/meridian-compensation-partners-llc/

    S&P 500 Director Pay Trend Report -







    This episode is brought to you by Meridian Compensation Partners, LLC. Learn more by visiting MeridianCP.com.

     







    #Compensation #Wages #SPAC #Equity #ExecutiveCompensation #Clawback

    • 22 min
    Evaluating Total Shareholder Return as a Long-Term Incentive Metric

    Evaluating Total Shareholder Return as a Long-Term Incentive Metric

    On today’s episode, we’re joined by James Kzirian and Chris Havey, both Partners at Meridian Compensation Partners, LLC.



    James and Chris discuss total shareholder return (TSR) as a long-term incentive metric, when to use it and some challenges associated with it.



    We focus on:



    - What exactly is TSR and what does it measure?

    - How frequently TSR is used and which industries use it most.

    - The reasons why a company would consider using TSR.

    - Common challenges with TSR.

    - Using TSR as an absolute metric.

    - Key trends around TSR and its use in long-term incentive plans.


    James Kzirian - https://www.linkedin.com/in/james-jim-kzirian-86132a2/

    Chris Havey - https://www.linkedin.com/in/chris-havey-12a5118/

    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 #Equity #ExecutiveCompensation #Clawback

    • 21 min
    Potential Unforeseen Influence of the New Clawback Rules on Compensation Design

    Potential Unforeseen Influence of the New Clawback Rules on Compensation Design

    On today’s episode, we’re joined by Matthew Isakson and Patrick Powers, both Partners at Meridian Compensation Partners, LLC.

    They’re here to talk about the recently finalized SEC clawback rules, which companies must comply with by the end of this year.



    We cover:



    - The broader impact of the SEC clawback rules.

    - High-level principles to consider when designing incentive arrangements and compensation structures.

    - Will the new SEC rules impact compensation and incentive design?

    - Some potential unforeseen impacts of the rules.

    - How the rules could change the metrics that companies focus on.

    - Challenges around calculating share-based clawback.

    - Will there be a movement toward more deferred settlement in compensation structures and incentives?



    Matthew Isakson⁠ - https://www.linkedin.com/in/matthew-isakson-71702513/
    Patrick Powers⁠ - https://www.linkedin.com/in/patrick-powers-678b8694/
    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 #Equity #ExecutiveCompensation #Clawback

    • 22 min

Customer Reviews

5.0 out of 5
45 Ratings

45 Ratings

hearnia ,

Terrific podcast! Entertaining, helpful, informative and highly relevant!

Invaluable compensation-related advice from industry leaders. A must-listen for senior management or outside directors.

Jake Jorgovan ,

Very informative

The consultants brought on this show are top notch and clear experts in the field.

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