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Cimi Silverberg on Muck Rack

Cimi Silverberg

Chicago
As seen in: Corporate Board Member
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Articles by Cimi Silverberg

Examining Exit Pay Practices

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By Tamar Garoon, Stephen Hom, Cimi Silverberg
| Corporate Board Member Verified
In the ever-evolving landscape of compensation plan design, severance pay practices sometimes get short shrift. Understandably, compensation committees tend to prioritize areas like short- and long-term incentive pay when scrutinizing pay practices for the employees they hope to recruit, retain and incentivize. Yet, establishing and maintaining a well-structured severance pay program also plays a crucial part in each of those areas.
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Succession And The C-Suite

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By Marco Pizzitola, Cimi Silverberg
| Corporate Board Member Verified
It’s no secret that leadership changeovers are where boards are most likely to have a critical, lasting impact on a company. While succession planning tends to focus on identifying and onboarding the new CEO, maintaining a stable, engaged and high-functioning team during the leadership handoff is just as crucial to a smooth, successful transfer of power. The surprise, unwanted exit of a key executive early in a new leader’s tenure can disrupt what is, by nature, a precarious situation.
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Succession And The C-Suite

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By Marco Pizzitola, Cimi Silverberg
| Corporate Board Member Verified
Yet, all too often, that’s exactly what happens, as senior executives passed over for the top job or simply unsettled by the change, leave to seek other opportunities. Offering retention grants to leader- ship team executives, or cash and equity awards with delayed vesting, is one way that boards look to limit post-succession turnover in the C-Suite.
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