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Analyzing Change

DOI: 10.1177/0886368718824212

Keywords: golden parachute,executive compensation,M&A,mergers,gross-up,change-in-control

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Abstract:

Since the enactment of Say on Pay in January 2011, companies are required to disclose the amounts payable to named executive officers as a results of an acquisition. There have been 1,524 U.S. public takeovers from 2011 to 2017, which have disclosed golden parachute payments to executives. The author describes payments made by sector, payment types, triggering events and the propensity of voters to accept, or reject, golden parachute payments based some of the more concerning pay practices

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