Interim CEO and Turnaround CEO Employment Agreements: Terms and Compensation

Two weeks ago, on October 26, 2017, CEOWorld magazine published an article I wrote on  “Interim CEO and Turnaround CEO Employment Agreements: Terms and Compensation.

This article was designed for executives, who have been offered, are seeking or are now considering taking Interim CEO or Turnaround CEO positions.

The Interim CEO may be one of the following:

  • company insider from the Board or current executive suit or a current consultant to the Company, as Interim CEO, chosen in part for familiarity with the company and essentially to be a placeholder until the new CEO can take up his or her duties
  • executive outside the company recruited to fill that role, someone with a name in the field to maintain the position of the company in the eyes of analysts and investors until the search for a new CEO is completed and the replacement installed
  • an executive hired or recruited not just as a placeholder but as a true Turnaround CEO, who is being brought in to “right the ship” when a company is in turmoil, unprofitable or otherwise not performing to the desired level.

This article discusses the different roles each would play as Interim CEO or Turnaround CEO and the different terms each should seek in employment, compensation, severance,  equity, disclosure and indemnification from the company that needs their services.

To see my full CEOWorld magazine. article, go to LINK:  http://ceoworld.biz/2017/10/26/interim-ceo-and-turnaround-ceo-employment-agreements-terms-and-compensation/

or my website https://www.executiveemploymentattorney.com/interim-ceo-and-turnaround-ceo-employment-agreements-terms-and-compensation/

With more than 12.4+ million page views, CEOWORLD magazine is the world’s leading business magazine written strictly for CEOs, CFOs, CIOs, senior management executives, business leaders, and high net worth individuals worldwide.

Tweeting My New CEOWorld Article on Interim and Turnaround CEOs…

If you tweet and would like to Tweet my article, here is my three (3) tweets to retweet or to use in your own tweet –

It is my hope that this article will be helpful to senior executives who are navigating the shoals of noncompete, nonsolicitation agreements and going into a new position or change of control.  If you or any colleague of yours has a need in this area, please do reach out to me at radelson@engelschultz.com or 617-875-8665.

 

 

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Getting the Benefits of Equity Compensation from Family Businesses through Phantom Stock

Last Wednesday, on September 6, 2017, CEOWorld magazine published an article I wrote on “Getting the Benefits of Equity Compensation from Family Businesses through Phantom Stock.

This article was designed for CEOs, C-suite executives and other senior executives who currently work in a family business or are offered a position in a family business and receive now or are offered NO equity compensation because most family businesses do not issue equity to non-family members.
Continue reading “Getting the Benefits of Equity Compensation from Family Businesses through Phantom Stock”

Negotiating Key Terms in Your Next Executive Job Offer

One week ago, on March 27, 2017, CEOWorld magazine published an article I wrote on  “Negotiating Key Terms in Your Next Executive Job Offer.” 

When you receive, a job offer letter, how do you evaluate it? Do you accept the terms “as is” or do you negotiate? You do a great job negotiating deals for your company but do you always do as well when representing yourself?

This article explores the situations in which you negotiate the employment job offer, the terms you should focus on and their ramifications, and how an executive employment attorney can help you.
Continue reading “Negotiating Key Terms in Your Next Executive Job Offer”