2002 Compensation Report www.Compstudy.com Highlights Technology Company Compensation Trends.Business/Technology Editors BOSTON--(BUSINESS WIRE)--Feb. 25, 2002 Study Gauges Salary and Equity Holdings in Emerging, Privately Held Technology Companies J. Robert Scott, a leading retainer-based executive search firm; the law firm of Hale and Dorr LLP LLP - Lower Layer Protocol ; and Ernst & Young have released data for Compstudy.com, their renown industry annual compensation study of privately held, emerging technology companies. The study is an invaluable tool in helping businesses and executives understand today's ever-changing compensation trends for senior executives within private technology companies in the software, communications, Internet, and IT services market segments. The proprietary study of executive equity and cash compensation provides authoritative pay data for nine top management jobs, examining the evolution of executive pay as companies advance from start-ups to fully developed private companies. Compstudy.com's results provide essential information for businesses and investors to stay abreast of current trends in senior executive compensation and trends in organizational structures. "The Compstudy.com results are noteworthy because this study specifically addresses trends in private, venture-backed companies - information previously not readily available," explains J. Robert Scott Vice President Aaron Lapat. "The size and quality of the sample generates unmatched data about emerging private technology companies." "When you combine the empirical data with the expertise and practical experience of J. Robert Scott, Hale and Dorr, and Ernst & Young, the result is a very comprehensive picture of what is actually happening in today's technology market," further explains Linda Sherman, senior partner, Hale and Dorr. Knowledge Is Essential In Compensation Packaging "Being aware of changing compensation trends allows businesses to understand the executive talent pool and to better align their compensation strategies and programs with current market conditions," comments Tom Shea, partner, Ernst & Young. "The compensation study includes significant data on cash compensation, equity holdings, base salaries and bonuses. In the past, reliable equity and cash compensation figures have only been available for public technology companies. Compstudy.com provides much-needed statistics on the changing dynamics for senior executives within private technology companies." Hundreds of Privately Held Companies privately held company A firm whose shares are held within a relatively small circle of owners and are not traded publicly. Participate One hundred seventy-eight privately held companies throughout the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. took part in the survey which delved into the compensation and bonus equity packages of nine key executive positions, including Chief Executive Officer, President/Chief Operating Officer, Chief Financial Officer, Head of Business Development, Head of Engineering, Head of Sales, Head of Marketing, Chief Technology Officer and Head of Human Resources The fancy word for "people." The human resources department within an organization, years ago known as the "personnel department," manages the administrative aspects of the employees. . J. Robert Scott J. Robert Scott is a retainer-based executive search firm and wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Fidelity Investments Fidelity Investments is a group of privately held companies in the financial services industry. It is made up by two independent but closely cooperating companies, Fidelity Management and Research Corporation (FMR Co. . The firm specializes in recruiting senior level executives for a wide array of national companies in the technology, financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. , biomedical bi·o·med·i·cal adj. 1. Of or relating to biomedicine. 2. Of, relating to, or involving biological, medical, and physical sciences. and biopharmaceutical fields. J. Robert Scott is headquartered in Boston, Massachusetts “Boston” redirects here. For other uses, see Boston (disambiguation). Boston is the capital and most populous city of Massachusetts.[3] The largest city in New England, Boston is considered the unofficial economic and cultural center of the entire New . For more information please visit our Web site at www.j-robert-scott.com. Hale and Dorr LLP Hale and Dorr is nationally and internationally recognized for its expertise in venture capital, initial public offerings, intellectual property and securities and intellectual property litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. . As a leading technology law firm, we represent clients in a wide variety of sectors including telecommunications, software, electronics, life sciences and medical devices. The firm's full-service practice also includes tax, commercial, labor and employment, real estate, environmental, government and regulatory affairs Regulatory Affairs (RA), also called Government Affairs, is a profession within regulated industries, such as pharmaceuticals, medical devices, energy, and banking. Regulatory Affairs professionals usually have responsibility for the following general areas: The Town of Boston is an interior town of the county and one of the county's "Southtowns. , Princeton, Reston, Waltham and Washington and joint venture offices in London, Munich and Oxford. For more information please visit our website at www.haledorr.com. Ernst & Young Ernst & Young, a global leader in professional services (job) professional services - A department of a supplier providing consultancy and programming manpower for the supplier's products. , understands the business issues that are important to senior executives. With extensive business knowledge and hands-on industry experience, the global Ernst & Young organization can implement a broad array of solutions to help companies capture growth, improve financial performance and manage risk-anywhere in the world. Its 84,000 people serve as trusted business advisers in more than 130 countries, offering audit, tax, corporate finance and transaction services across all industries to many of today's leading global corporations as well as emerging growth companies. In addition, legal services legal services n. the work performed by a lawyer for a client. are available in various parts of the world where permitted. A collection of Ernst & Young's views on a variety of business issues can be found at www.ey.com/thoughtcenter. Ernst & Young refers to all members of the global Ernst & Young organization, including the U.S. firm of Ernst & Young LLP. |
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