​Last Thursday, on February 1, 2018, CEOWorld magazine published an article I wrote on “How to Renegotiate Your CEO Employment Contract When You Have Achieved Success.”

This article was designed for CEOs and other C-Suite, VPs or other senior executives who have achieved a level of success and seek a greater share of the benefits his or her leadership has brought to the company, as well as a refresh of the level of incentives as he or she takes the company to the next level.

My article discusses why the Board would agree to sweeten the package for the CEO (or other senior executive), including these reasons:

• Fear of losing a successful executive,
• Costs of recruiting a replacement,
• Disruption to a successful team,
• Uncertainty of how a successor would work out,
• Loss of momentum as the company goes through a new transition, and
• Loss of promise of where the CEO might take the company if allowed to build on his or her success.

The article then suggests key items to seek in negotiations, and offers suggestions on negotiation strategy to improve chances for a successful outcome.

Among the strategies suggested are to plan and develop a back-up to enhance your bargaining position and also for possible use if negotiations don’t succeed, and finally use of an “ace in the hole” to achieve success.

To see my full CEOWorld magazine. article, go to LINK: http://ceoworld.biz/2018/02/01/how-to-renegotiate-your-ceo-employment-contract-when-you-have-achieved-success/
or my website at https://www.executiveemploymentattorney.com/articles-section/how-to-renegotiate-your-ceo-employment-contract-when-you-have-achieved-success/

With more than 12.4+ million page views, CEOWORLD magazine is the world’s leading business magazine written strictly for CEOs, CFOs, CIOs, senior management executives, business leaders, and high net worth individuals worldwide.

It is my hope that this article will be helpful to CEOs and other senior executives who have achieved a level of success on the job and deserve and would like to seek a share of the benefits their success has conferred to owners and shareholders and refresh of incentives as they seek to take the company to the next level. If you or any colleague of yours has a need for advice in this area, please do reach out to me, executive employment lawyer, Robert Adelson, Esq., at radelson@engelschultz.com.
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On October 26, 2017, CEOWorld magazine published an article I wrote on  “Interim CEO and Turnaround CEO Employment Agreements: Terms and Compensation.”
This article was designed for executives, who have been offered, are seeking or are now considering taking Interim CEO or Turnaround CEO positions.

The Interim CEO may be one of the following:

• company insider from the Board or current executive suit or a current consultant to the Company, as Interim CEO, chosen in part for familiarity with the company and essentially to be a placeholder until the new CEO can take up his or her duties

• executive outside the company recruited to fill that role, someone with a name in the field to maintain the position of the company in the eyes of analysts and investors until the search for a new CEO is completed and the replacement installed

• an executive hired or recruited not just as a placeholder but as a true Turnaround CEO, who is being brought in to “right the ship” when a company is in turmoil, unprofitable or otherwise not performing to the desired level.

This article discusses the different roles each would play as Interim CEO or Turnaround CEO and the different terms each should seek in employment, compensation, severance, equity, disclosure and indemnification from the company that needs their services.

To see my full CEOWorld magazine article, go to LINK:  http://ceoworld.biz/2017/10/26/interim-ceo-and-turnaround-ceo-employment-agreements-terms-and-compensation/
or my website https://www.executiveemploymentattorney.com/interim-ceo-and-turnaround-ceo-employment-agreements-terms-and-compensation/

​With more than 12.4+ million page views, CEOWORLD magazine is the world’s leading business magazine written strictly for CEOs, CFOs, CIOs, senior management executives, business leaders, and high net worth individuals worldwide.

It is my hope that this article will be helpful to senior executives who are navigating the shoals of noncompete, nonsolicitation agreements and going into a new position or change of control.  If you or any colleague of yours has a need in this area, please do reach out to me at radelson@engelschultz.com or 617-875-8665.

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