CEO Supply Crunch Pushes Executive Pay Higher
Author: Ari Nathanson
Associate Editor
Buyouts Magazine
Date: November 6, 2006
Wanted: Skilled CEO with entrepreneurial flare and successful track record to take promising company to next level. Knowledge of LBO ownership model a must. Management talent is a hot commodity in today’s buyout arena, and general partners are willing to pay the price for it. “CEO compensation is definitely on the rise because you’ve got a shortage of talent,” says Joe Griesedieck, vice chairman and head of the CEO practice of Korn/Ferry International, a Los Angeles-headquartered executive search firm. “Fifty million to 60 million baby-boomers are getting ready to retire and only 30 million to 40 million are stepping up to take their places.” General partners often replace the incumbent CEOs of their acquisition targets with one they’ve already hand-pick for the occasion. And amidst the fevered pace at which LBOs are being consummated today, and the high multiples that accompany them, it’s no surprise that top-tier CEOs—or “human capital” as some pointedly term them—are in high demand.
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WORK COMES LOOKING FOR TOP MARKETERS
Author(s): DAVIS BUSHNELL, GLOBE CORRESPONDENT
Date: September 10, 2006
Page: G18 Section: Boston Works
Jeff Galin was minding his own business earlier this year when he began to be seriously scouted for several senior sales positions at other high-technology companies. ''I wasn't looking for another job, but I ended up choosing a small, profitable company in an emerging market,'' said Galin, 40, who joined Littleton-based Perillon Software on Aug. 1 as executive vice president of worldwide sales.
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