Surveys - Employment Agreements and Severance
2015.Apr.02 CEO Severance Protections Promote Long-term View (academic study). The paper titled CEO Contractual Protection and Managerial Short-Termism begins with the following information about its scope and findings:
See further discussion in this Harvard Governance Blog.
2013.May.2 How Private Equity Investors affect CEO Contracts (academic study).
Two economics professors are about to publish the attached study about how CEO employment agreements change when their employers convert from public to private ownership. They focused on 20 companies that sold to the largest private equity firms, e.g. Blackstone, Carlyle, and Kohlberg. The general finding - that most CEO employment agreements underwent a major redesign – is not surprising. More interesting are the findings about particular changes that resulted, notably:
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