ADVISORY/Experts Available To Discuss Reform Efforts for Executive Compensation Plans.Business Editors ADVISORY... --(BUSINESS WIRE) TOPIC: The California Public Employees' Retirement System (CalPERS) is making an effort to reform executive compensation plans, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. an article by the Silicon Valley / San Jose San Jose, city, United States San Jose (sănəzā`, săn hōzā`), city (1990 pop. 782,248), seat of Santa Clara co., W central Calif.; founded 1777, inc. 1850. Business Journal. CalPERS will select 10 to 15 companies that demonstrate good and bad compensation practices and will evaluate executive compensation plans in relation to company performance. Some experts criticize executive compensation plans that include excessive pay and benefits to CEOs when the company's performance is lacking. EXPERTS: ExpertSource can offer several highly qualified experts to comment on this story: Chuck Pappalardo is managing director of Trilogy Venture Search, a retained executive recruiting firm headquartered in California's Silicon Valley. An 18-year veteran of the retained search industry, Chuck specializes in C-level searches and building executive management teams for venture, private equity, technology, life sciences, and professional services (job) professional services - A department of a supplier providing consultancy and programming manpower for the supplier's products. clients. Chuck is available to talk about economic conditions, specifically as they relate to hiring trends and hot employment opportunities, as well as such topical issues as corporate governance Corporate Governance The relationship between all the stakeholders in a company. This includes the shareholders, directors, and management of a company, as defined by the corporate charter, bylaws, formal policy, and rule of law. , character/ethics assessments, compensation/severance packages, etc. Chuck strongly supports CalPERS' plan, including the establishment of a more direct link between pay and performance. "There have been too many cases where executives have been rewarded for essentially driving their companies into bankruptcy. We need to dispel the notion of "tenure" among CEOs and create stricter accountability." He adds, "I believe the litmus test litmus test n. A test for chemical acidity or basicity using litmus paper. for determining if pay packages are aboveboard is whether or not the executives' financial interests are aligned with those of the shareholders, investors, and rank & file." PR: Renay Fanelli, 415-457-7180, renay@wire-to-wire.com Dr. W. Gerry Sanders is the J. Earl Garrett Fellow in Strategic Management at the Marriott School of Business and Brigham Young University Brigham Young University, at Provo, Utah; Latter-Day Saints; coeducational; opened as an academy in 1875 and became a university in 1903. It is noted for its law and business schools. . He is an expert in corporate governance (including executive compensation) and corporate growth strategies. He has studied the effects of alternative corporate governance mechanisms on firm strategy, investment, and performance. He has done extensive work on top management team incentives. Professor Sanders' recent work has examined the governance and growth of emerging businesses (e.g., Internet firms), and the use of market signals to facilitate shareholder appeasement appeasement Foreign policy of pacifying an aggrieved nation through negotiation in order to prevent war. The prime example is Britain's policy toward Fascist Italy and Nazi Germany in the 1930s. . 801-378-7607 Professor John Maron John Maron (Arabic: يوحنا مارون , d. 707) was the first Maronite Patriarch. He is revered as a saint by the Catholic Church, and celebrated on March 2. Abowd, of Cornell University Cornell University, mainly at Ithaca, N.Y.; with land-grant, state, and private support; coeducational; chartered 1865, opened 1868. It was named for Ezra Cornell, who donated $500,000 and a tract of land. With the help of state senator Andrew D. , School of Industrial and Labor Relations, is an expert on topics including the economics of compensation and organization, executive compensation and labor economics. 607-255-8024 ExpertSource cannot guarantee the immediate availability of these experts or their familiarity with this specific issue. ExpertSource provides academic and industry experts to the media at no charge. Journalists are encouraged to submit queries to ExpertSource when seeking experts on specific subjects. An online registration form is available at http://www.businesswire.com/. |
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