Charles Signorino Joins MONY as VP-Compensation.Business & Insurance Editors NEW YORK--(BUSINESS WIRE)--May 22, 2001 MONY MONY Mutual of New York (Insurance - Syracuse, NY) Life Insurance Company (MONY), the primary insurance subsidiary of The MONY Group Inc. (NYSE NYSE See: New York Stock Exchange :MNY MNY Microsoft Money (file extension) MNY Manhattan New York ), announced today that Charles Signorino, 44, has joined the company as vice president-compensation. Signorino, who has more than 20 years of experience, will be responsible for the design and execution of all MONY compensation programs, including salaries, cash initiatives and equity grants. "I'm extremely pleased that Charlie has joined MONY as vice president-compensation," said Kim Windrow wind·row n. 1. A row, as of leaves or snow, heaped up by the wind. 2. A long row of cut hay or grain left to dry in a field before being bundled. tr.v. , vice president, 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. . "Over the course of his career, Charlie has demonstrated the ability to work with corporate boards and all levels of management to design and implement global incentive, base salary, job evaluation Job evaluation is the process of systematically determining a relative value of jobs in an organisation. In all cases the idea is to evaluate the job, not the person doing it. Job Ranking is the most simple form. and team-based reward systems. This experience, coupled with his knowledge of the industry, will make him a key asset for MONY and its financial professionals." Most recently, Signorino was director of global compensation at Covance, Inc. In this role, he was an in-house consultant for base salary programs, variable cash incentives, sales compensation plans, equity programs and executive compensation arrangements. He also served as compensation advisor to due diligence Research; analysis; your homework. This term has caught on in all industries, because it sounds so "wired." Who would want to do analysis or research when they can do due diligence. See wired. and divestiture teams. Prior to this role, Signorino was a compensation consultant for AT&T Capital Corporation, where he was a resource for the analysis, design, communication, and reporting of cash and equity variable compensation programs. In this capacity, he developed and administered change-in-control programs for equity and cash plans, playing a key role when the company went private in 1996, and then was subsequently sold to Newcourt Credit Group. Signorino has also held compensation positions at Continental Corporation and Merrill Lynch International. Signorino received a bachelor's degree in English from Brooklyn College in 1978. He is currently a member of the Advisory Board on Executive Compensation for World at Work and the National Association of Stock Plan Professionals. About The MONY Group The MONY Group Inc. (NYSE:MNY), with $55 billion in assets under management Assets Under Management (AUM) is a term used by financial services companies in the mutual fund and money management or investment management business to gauge how much money they are managing. and administration, provides life insurance, annuities, mutual funds, brokerage, asset management, business & estate planning Estate Planning The overall planning of a person's wealth, including the preparation of a will and the planning of taxes after the individual's death. Notes: Contrary to popular belief, estate planning involves much more than preparing a will, and it is not only for the , trust and investment banking products and services to individual and institutional clients through several member companies. The MONY Group focuses primarily on offering customized financial solutions through multiple distribution channels, including a career agency sales force, brokerage general agencies, financial advisors, brokers, and other complementary channels. The MONY Group's (www.mony.com) member companies include The Advest Group, Inc., MONY Life Insurance Company, Matrix Capital Markets Group, Inc., Enterprise Capital Management, Inc., U.S. Financial Life Insurance Company, MONY Securities Corporation and Trusted Securities Advisors Corp. |
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