Everyone has a view on executive pay. We hear about “what worked at my last company,” or “what everyone else is doing,” or “what the proxy advisors want.” Meanwhile, we have several decades of empirical research across thousands of firms to tell us how compensation practices actually drive shareholder returns, often with surprising results.
In this program Marc Hodak, noted advisor to boards and investors, will provide insight to the following questions:
- What is the best way to award bonuses? (And why most firms award them in the least value-added way.)
- How should companies award equity? (And why performance-based programs are either the best or the worst way of doing so, depending on their design.)
- Why do companies so often end up with “underwater” executives that they want to keep? (And what they should do to keep them.)
- Why aren’t you getting these answers from your compensation consultant? (Clue: It’s not entirely their fault.)
This is not the usual talk on trends and regulations. You will come away with practical tips for improving whatever incentive compensation program you are currently using.
TIME: 12:00 to 1:30 pm Central Time
12 - 12:30pm - Mingling & Lunch at the 17th floor Crescent Club overlooking Downtown Dallas
12:30 - 1:30 - Program
This is a joint event with: NACD North Texas and UT Dallas IECG
MARC HODAK is the founder of Hodak Value Advisors. In his 20+ years as a consultant, Marc has advised over 100 firms around the world, public and private, in diverse industries such as telecommunications, transportation, aerospace, manufacturing, and consumer services. He has been an adjunct professor of corporate governance at NYU’s Stern School of Business since 2004, and is recognized by the largest institutional investors in the world as a thought leader on how to evaluate compensation governance.
Before founding HVA, Marc was a senior project manager at Stern Stewart & Co. where he led value-based management implementations and related projects, as well as their effort to create alternate delivery of intellectual capital to clients. The latter included development of interactive training on value-based management principles and applications used in 17 countries around the world. Prior to becoming a consultant, Marc was a Chairman’s Award winning manager of a $100 million per year business unit at Conrail. His strategies for more customer-focused network operations, terminal placement and expansion, equipment technology, and logistics information systems, profitably grew market share in a mature automotive industry by over 20 percentage points in two years.
Marc is an accomplished author and blogger who has published in both academic journals and popular magazines on topics such as corporate governance, executive compensation, and managerial incentives. He has also spoken at conferences throughout the world on managing for shareholder value and has taught seminars on finance and compensation issues at Wharton and MIT. Besides teaching at NYU, Marc is also a regular visiting lecturer at the University of St. Gallen in Switzerland.
Marc holds an MBA degree in Finance from the Wharton School and a B.S. degree in Aerospace Engineering from the University of Maryland. He also passed the Bar exam in Patent Law.