Compensation Risks in a Down Economy – A Discussion
“Our whole practice is built around the quality of the decisions that come out of a compensation committee. This year, there are fewer dollars to go around, there is less patience within the firm amongst the partners, there is real fear about how bad it’s going to get. You can’t afford to be making okay decisions. Your decisions have to be top-notch.” Altman Weil principals Jim Cotterman and Tom Clay sat down last week for a discussion of how the economic downturn can exacerbate bad comp decisions and put firms at risk of losing key partners
This discussion is a companion piece to a new article authored by Jim Cotterman, Compensation Risk Assessment.