Tag Archives: executive contracts

Crass Executive Spending Puts Leading Veterans Charity under a Cloud

As obvious as it seems, abusing an expense account with lavish personal spending is one of the most common ways a CEO can get into trouble. Being an executive comes with reasonable perks that are necessary and helpful to doing the job. But some people get carried away and forget that these funds are not for their personal use and enjoyment. Continue reading

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What’s the Best Way to Take People With You to a New Company?

I’ve devoted a couple of blogs (here and here) to what things executives should and should not take with them when they change employers. Simply playing that part right can help avoid litigation with former employers. Where it gets really … Continue reading

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Mandatory Retirement Age Policies Not so Mandatory

Two recent high-profile executive retirements, both citing the companies’ mandatory retirement age policies, raise the question “how can mandatory retirement age policies be legal?” The truth is, most of them aren’t. Neither IBM CEO Sam Palmisano nor Freddie Mac Chairman … Continue reading

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Changing Jobs? Here’s What Not to Take With You

In my last blog, I discussed what executives should take with them when they’re leaving their company. In this blog, we’ll go over something just as important: what they shouldn’t take with them. The short answer is, besides the employment … Continue reading

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Executives Should Proceed With Caution When Changing Jobs

One of the biggest, and most likely, legal headaches highly placed executives can give themselves involves their actions just before and just after leaving one company and joining another. An executive’s actions during this time are critical to avoid getting … Continue reading

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If there’s a change of control, an executive needs options in writing

Change of control agreements, or golden parachutes as they are more commonly known, can be a lifesaver for an executive whose employer is purchased by another company, but these agreements also are rife with pitfalls. The most common problem is … Continue reading

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NFL mediation not what you may be thinking

The NFL owners and players union head back into mediation tomorrow (Tuesday March 1), less than 72 hours before the collective bargaining agreement expires. Drastic measures could follow. Mediation is a good first step, and it’s swell that the mediator said there … Continue reading

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Executive disputes may head to arbitration, not to court

You don’t take an executive position expecting it will end in a legal fight, but if it does, you need to know where you’ve agreed the fight will take place. Many executive contracts contain arbitration agreements, and others have clauses that determine … Continue reading

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