Pay for performance trend impacts many GCs

Cynthia Lee Dow, executive search consultant for Russell Reynolds Associates, says the pay for performance trend is one that is here to stay, especially for top executives.

Pay for performance – where shareholders and others link at least part of top executives’ compensation with the company’s performance – has been having an impact on many general counsel at Fortune 500 companies.

There are multiple ways the trend involves GCs. They are often among the highest paid officials in a company, oversee an increasingly large budget and staff for compliance and legal affairs, and their responsibilities are increasingly important for the company’s bottom line.

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Ed Silverstein

Ed Silverstein is a veteran writer and editor for magazines, websites and newspapers. A graduate of Harvard's Kennedy School of Government, he has won several...

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