More CEOs receiving ‘golden hellos’ upon company arrival

Seventy U.S. CEOs have received a signing bonus to come aboard in 2013

What entices a CEO to a new job? Why, the same thing that often entices you or me to a new job: money. And U.S. companies are shelling out the cash in droves to entice top CEOs, even putting money up-front more than ever before.

A study from governance-advisory firm GMI Ratings Inc. shows that more companies are recruiting CEOs through “golden hellos,” or multimillion-dollar signing bonuses that the new CEOs receive without working a day. Seventy different U.S. companies have given out these bonuses in 2013, up from just 41 in 2012.

Assistant Editor

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Zach Warren

Zach Warren is Assistant Editor of InsideCounsel magazine, where he oversees online content submissions and administers InsideCounsel's enewsletters. Zach specializes in new media and multimedia...

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