April 4, 2013
Supplementary Director “Golden Leashes”
– Broc Romanek, CompensationStandards.com
In this podcast, Sylvia Groves of Governance Studio describes the efforts by a hedge fund to reward directors on a dissident slate by paying them a share of future returns in addition to traditional director compensation – and these directors would be paid more than the other directors! (here’s a note that Sylvia wrote about this) – including:
– What is happening at Jana Partners?
– Why do you think it’s problematic?
– What is the fix?