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Companies pay millions to retain runner-up CEO candidates · 1 source tracked

Companies are increasingly offering substantial retention bonuses to high-performing executives who narrowly miss out on CEO positions, aiming to prevent their departure. A recent report from FW Cook analyzed 100 large U.S. companies and found that nearly a third of those that changed CEOs between 2016 and 2020 awarded such grants to unsuccessful contenders. These bonuses, often in the form of stock grants and significant annual compensation, are intended to retain institutional knowledge and relationships, with external CEO hires being more likely to trigger these payouts. AI

IMPACT Focuses on executive retention strategies and corporate finance, with a minor mention of Anthropic's CEO culture focus.

RANK_REASON Article discusses a trend in executive compensation and corporate culture, not a specific event.

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AI-generated summary · Google Gemini · from 1 sources. How we write summaries →

Companies pay millions to retain runner-up CEO candidates · 1 source tracked

COVERAGE [1]

  1. Fortune TIER_1 English(EN) · Claire Zillman ·

    You’ve lost the CEO succession race. Here’s your multi-million dollar bonus

    Also: All the news and watercooler chat from Fortune.