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David Rubinsky Quoted in The Wall Street Journal on CEO Severance Packages
08.12.15
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Executive Compensation and Employee Benefits Partner David Rubinsky was quoted in a
Wall Street Journal article, “Companies Pull Back on CEO ‘Failure Parachutes’,” discussing the move by an increasing number of companies to reduce severance pay for CEO’s terminated “without cause.” David commented that businesses typically agree to guarantee severance pay when recruiting new leaders, as new executives want protection for taking on the risky role. The article highlighted the changes that certain corporate boards are making in order to avoid severance pay practices that may be viewed as problematic by investors.
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