References in periodicals archive

We have been involved with several transactions where the CIC protections were large enough that the target boards were able to renegotiate part of the employment agreements with their own executives, especially relating to severance or 280G tax gross up. In one instance, the reductions that the executives accepted were large enough to raise the buyer's offer price.

Executive pay issues at "merger time": it is precisely the balance between "indifference to a merger" and inappropriate motivation to do a deal at a lower premium that compensation committees need to get right

(10) There is a possibility that the plan could cause a federal tax benefit through the reduction of the section 78 gross up upon payment of a dividend from the CFC.

Disclosure of confidential transactions: August 8, 2003

These practices include golden parachutes, multiyear guaranteed contracts, overgenerous severance arrangements, golden coffins, poison pills, staggered boards, and gross ups.

Closing the trust gap on executive pay: these five fundamental principles point the way to the corrective actions that need to be taken