Executive Compensation for Private & Family Businesses (sic)

Fred WhittleseyEffective Equity: The Equity Compensation Blog, Pay and Performance: The Compensation Blog

  Wikipedia says that: The Latin adverb sic (“thus”; “just as”; in full: sic erat scriptum, “thus was it written”) inserted after a quoted word or passage, indicates that the quoted matter has been transcribed exactly as found in the source text, complete with any erroneous or archaic spelling, surprising assertion, faulty reasoning, or other matter that might otherwise be taken as an error of transcription. I … Read More

Compensation Integrity: What the Heck is Going On?

Fred WhittleseyCompensation Expert Witness Blog, Conscious Compensation: The Impact Compensation Blog, Pay and Performance: The Compensation Blog

Fred Whittlesey Compensation Venture Group, SPC An update on this continuing theme. Disney will pay $38 million in back wages after feds allege wage and hour violations Wouldn’t it be better to have competent compensation professionals who have the “spine” to stand up to senior management and ensure compliance?  It shouldn’t take a judge to know the right thing to do. Conscious … Read More

Are We Paying CEOs All Wrong?

Fred WhittleseyEffective Equity: The Equity Compensation Blog, Pay and Performance: The Compensation Blog

  Last week’s article in Bloomberg Business Week “We’re Paying CEOs All Wrong” extended my work in Behavioral Economics and Equity Compensation to executive pay and then upward to CEO pay. I am flattered that the first two paragraphs of the article discussed my ideas although I thought it unnecessary to highlight that I have done this for “more than three decades” … Read More

How much is turnover costing your company?

Fred WhittleseyConscious Compensation: The Impact Compensation Blog, Pay and Performance: The Compensation Blog

  Fred Whittlesey Compensation Venture Group, SPC   Since the 1980s there has been an empirically validated methodology for calculating employee turnover cost. The concept of human resource accounting, created by Eric Flamholtz, Professor at UCLA Anderson business school, includes detailed approaches for determining these costs. I had the honor, as an MBA student, of working with Dr. Flamholtz on … Read More

Microsoft battles decision on “joint employer” status

Fred WhittleseyCompensation Expert Witness Blog, Conscious Compensation: The Impact Compensation Blog, Pay and Performance: The Compensation Blog

  Back in March 2015 I blogged about Microsoft’s new policy of requiring its US suppliers to provide their employees with 15 days of paid time off. I took issue with this approach to changing compensation practices in the name of “corporate social responsibility” as I don’t agree that a company should be telling its suppliers how to compensate their employees. … Read More

Conscious Compensation® Principles: Not transaction-dependent or exit dependent

Fred WhittleseyConscious Compensation: The Impact Compensation Blog, Pay and Performance: The Compensation Blog

  One of the sources of extremely high pay to CEOs and other executives has been the compensation resulting from a “change in control” – when the company is acquired by another company, and several layers of cash and equity compensation are paid out at the time of the transaction. These payments may result merely from the transaction occurring (a … Read More

Leading the List of Cool Executive Perks…

Fred WhittleseyConscious Compensation: The Impact Compensation Blog, Pay and Performance: The Compensation Blog

  A story published by AP today, based on its direct investigations, tells the story of a water district executive in California who received a $1.4 million loan, in connection with his hiring, to purchase a home.  Years later he left that employer, but has yet to repay the loan. And still has the home.  And another one in Pebble Beach. … Read More

The Hot Tub Will Be The First To Go

Fred WhittleseyPay and Performance: The Compensation Blog

  I’ve been advising clients and the startups that I mentor that the current wave of “cool stuff” being offered to employees and candidates in this booming employment environment is about to end. I’ve used “the hot tub will be the first to go” as the metaphor, and now comes data that while the hot tub and the ping-pong tables … Read More

The Gender Pay Gap Solution

Fred WhittleseyConscious Compensation: The Impact Compensation Blog, Pay and Performance: The Compensation Blog

01-April-2015 There has been a proliferation of stories in the media about the so-called “gender pay gap” – a label for the observation that a given sample of male workers receives more annual salary and wages than a given sample of female workers. This has gone beyond the business media and become a pop culture topic. Here’s a recap of … Read More