SVNACD Program 1/19/2012; 7:30-8:00 a.m. Continental Breakfast; 8:00-9:30 a.m. Palo Alto, CA
The stock market still has not recovered from the meltdown of 2008, and many companies have had severe reductions in their workforces, but CEO compensation of major U.S. companies rose 36.5 percent last year. Why is there this disconnect between stock market performance and mass layoffs and CEO compensation? What should boards of directors be doing to better align CEO compensation with company performance? Join our panel of experts who will lead an interactive discussion of these issues which are a major cause of the Occupy Wall Street movement across the country.
Wendy Davis is a partner at Cooley LLP in the compensation and benefits group in the Palo Alto office. She specializes in equity and executive compensation and has extensive experience in establishing and maintaining equity compensation plans, cash bonus plans, deferred compensation arrangements and change of control agreements. Davis regularly negotiates executive retention, employment and severance agreements and assists with the compensation, benefits and executive-related issues arising in mergers and acquisitions.
With almost 20 years of compensation consulting experience, Sue Gellen is a principal of Compensia, a consulting firm that provides counsel to boards, compensation committees and senior management on issues concerning executive and board pay, reward strategy and corporate governance as it relates to compensation plans.
Thomas J. Toy is currently on the boards of directors of UTStarcom (NASDAQ: UTSI, currently chairman of the board), Hanwha SolarOne (NASDAQ: HSOL) and several private companies. His past companies also include SunPower (NASDAQ: SPWR, former co-lead investor), Catalina Marketing (NYSE: POS), LifeCell (NASDAQ: LIFC, then acquired by Kinetic Concepts), White Electronic Designs (NASDAQ: WEDC, then acquired by Microsemi), SyStemix (NASDAQ: STMX, then acquired by Novartis) and CafePress.
Moderator: Kim Le is the founder of A2Q2, a professional services firm specializing in business process optimization, internal controls, Sarbanes-Oxley compliance and M&A integration. She has more than 16 years experience in accounting and consulting. Le spent eight years in public accounting with Arthur Andersen until its demise in 2002. In 2010 the National Council of the Asian American Business Association selected her as the Asian Business Woman of the Year. In 2009 the California Public Utility Commission recognized her with the Women in Business Excellence Award. Le graduated from Arizona State University, summa cum laude.
This program, like all SVNACD programs, is subject to the Chatham House Rule.
Click through to view the video: Executive Comp: Every CEO is above average! SVNACD 1-19-12 Program from WMS media Inc. on Vimeo.