Compensation Issues in the Recovery — Setting CEO and Senior Management Compensation

Most businesses have lost revenue during the pandemic, whether the business has shut down completely or not. While compensation plans and incentives were likely approved before the rise of COVID-19, it may be necessary to adjust economic forecasts and incentive plans. Many CEOs and board members have announced the suspension or reduction of their salaries, but that isn’t where the bulk of compensation lies. How do you adjust incentives in the wake of an “act of God”?

Tuesday, June 2, 2020

2 p.m. EDT 

60 minutes

Speakers: 
Speaker Name: 
Jon Weinstein
Speaker Title: 
Managing Partner, Pay Governance’s Philadelphia Office
Speaker Bio: 

Jon Weinstein is a Managing Partner in Pay Governance’s Philadelphia Office and a member of the Firm’s Leadership Committee. Jon has more than 25 years of experience in advising Compensation Committees and senior management teams at Fortune 500 and other multinational organizations in the development of effective, creative and pragmatic executive incentive pay systems and arrangements. 

Jon has been involved in a wide range of projects to align companies’ executive reward programs with their business strategies and has a particular focus on corporate governance and long-term incentive plan design.  Jon has been a guest speaker on compensation issues to governance, industry, academic, and human resources groups, and has lectured at Cornell University, the McCombs Business School of the University of Texas, and the Wharton School of the University of Pennsylvania.

Before joining Pay Governance, Jon was the Executive Compensation Business Leader for Towers Watson’s East Division (now Willis Towers Watson).  Prior to the Towers-Watson merger, Jon served on Towers Perrin’s Audit Committee of the Board of Directors for several years.  Prior to joining Towers, Jon served as Chief of Staff for Philadelphia City Councilman W. Thacher Longstreth.

Jon graduated from the University of Pennsylvania summa cum laude with honors in his major and was also elected Phi Beta Kappa.  Jon received an MBA from the Wharton School of the University of Pennsylvania, where he made Director’s list.  Jon is a father of two who lives in Philadelphia where he serves as an Emeritus Board member of the Pennsylvania Ballet.

Speaker Photo: 
Speaker Name: 
David Shaw
Speaker Title: 
Publishing Director, Directors & Boards
Speaker Bio: 

David Shaw is the publishing director of Directors & Boards and its sister publication, Family Business. With more than 30 years of experience in business-to-business and consumer media markets, he has served as an editor, publisher, publishing director, group publisher and group vice president of a variety of publications, trade shows, conferences and websites.

Prior to founding GRID Media, David served as senior vice president for Phillips Business Information Inc., where he oversaw nearly 100 discrete media properties, and helped build the business from $35 million to more than $100 million in annual revenues. He is a frequent author and speaker on issues related to business-to-business media, multi-generational family businesses and private and public company governance. He is married, with two grown children, one serving in the Navy and the other in law school.

Speaker Photo: 
Benefits: 
  • Completely FREE to attend 
  • All participants receive a copy of the webinar materials after the event.
  • All particpants will receive the Directors & Boards newsletter featuring real-time news, analysis and thought leadership on corporate governance  -- all delivered right to your inbox every Monday morning. You may, of course, opt out at any time.
  • Opportunity for questions and feedback
  • Unbiased third-party director education
  • 60 minutes -- maximum value for time

 

Sponsor: 
Pay Governance

Most businesses have lost revenue during the pandemic, whether the business has shut down completely or not. While compensation plans and incentives were likely approved before the rise of COVID-19, it may be necessary to adjust economic forecasts and incentive plans. Many CEOs and board members have announced the suspension or reduction of their salaries, but that isn’t where the bulk of compensation lies. How do you adjust incentives in the wake of an “act of God”?

In this webinar will explore:

  • How deeply business interruption/revenue losses will affect pay structures and for how long.
  • Alternative incentives in order to keep cash on hand.
  • How to adjust compensation accordingly while retaining the best talent.

Speakers

Jon Weinstein

Managing Partner, Pay Governance’s Philadelphia Office

Jon Weinstein is a Managing Partner in Pay Governance’s Philadelphia Office and a member of the Firm’s Leadership Committee. Jon has more than 25 years of experience in advising Compensation Committees and senior management teams at Fortune 500 and other multinational organizations in the development of effective, creative and pragmatic executive incentive pay systems and arrangements. 

Jon has been involved in a wide range of projects to align companies’ executive reward programs with their business strategies and has a particular focus on corporate governance and long-term incentive plan design.  Jon has been a guest speaker on compensation issues to governance, industry, academic, and human resources groups, and has lectured at Cornell University, the McCombs Business School of the University of Texas, and the Wharton School of the University of Pennsylvania.

Before joining Pay Governance, Jon was the Executive Compensation Business Leader for Towers Watson’s East Division (now Willis Towers Watson).  Prior to the Towers-Watson merger, Jon served on Towers Perrin’s Audit Committee of the Board of Directors for several years.  Prior to joining Towers, Jon served as Chief of Staff for Philadelphia City Councilman W. Thacher Longstreth.

Jon graduated from the University of Pennsylvania summa cum laude with honors in his major and was also elected Phi Beta Kappa.  Jon received an MBA from the Wharton School of the University of Pennsylvania, where he made Director’s list.  Jon is a father of two who lives in Philadelphia where he serves as an Emeritus Board member of the Pennsylvania Ballet.

David Shaw

Publishing Director, Directors & Boards

David Shaw is the publishing director of Directors & Boards and its sister publication, Family Business. With more than 30 years of experience in business-to-business and consumer media markets, he has served as an editor, publisher, publishing director, group publisher and group vice president of a variety of publications, trade shows, conferences and websites.

Prior to founding GRID Media, David served as senior vice president for Phillips Business Information Inc., where he oversaw nearly 100 discrete media properties, and helped build the business from $35 million to more than $100 million in annual revenues. He is a frequent author and speaker on issues related to business-to-business media, multi-generational family businesses and private and public company governance. He is married, with two grown children, one serving in the Navy and the other in law school.


Benefits

  • Completely FREE to attend 
  • All participants receive a copy of the webinar materials after the event.
  • All particpants will receive the Directors & Boards newsletter featuring real-time news, analysis and thought leadership on corporate governance  -- all delivered right to your inbox every Monday morning. You may, of course, opt out at any time.
  • Opportunity for questions and feedback
  • Unbiased third-party director education
  • 60 minutes -- maximum value for time

 


Sponsor

Pay Governance