CEO Marissa Mayer gets an impressive $157.9 million even if Yahoo is sold off. So she wins no matter what happens to the Internet company. But a few CEOs get even more. Mayer is one of five CEOs in the Standard & Poor’s 500, including Stephen Wynn of casino operatorWynn Resorts, David Simon of real-estate investment trust Simon Property Group, David Zaslav of media company Discovery Communications and Terry Lundgren of department store operator Macy’s, that get the largest potential payouts if their companies are taken over, according to a USA Today analysis of data from S&P Capital IQ.
Yahoo was in big trouble when Ms. Mayer arrived, Forbes observes. Growth had stalled, and its market was being chopped up by Google and Facebook. Its very relevancy was questionable as people no longer needed news consolidation sites—which had ended AOL, for example—and search with its ad placements had long gone to Google. Active Internet users were already clearly mobile social media fans, and Yahoo simply did not compete in that space.
How do CEOs manage such a lucrative end deal? Investors typically focus much more on what CEOs are paid than on golden parachutes. These arrangements—paid to most CEOs to disappear after their companies are bought out and new management brought in—are very common. Last fiscal year, 444 CEOs of S&P 500 companies had change-of-control severance payments in place, according to S&P Capital IQ. On average, the arrangements were worth $33.4 million for the CEOs.
These payments could become much more important to investors as merger and acquisition activity heats up and more companies could find themselves being bought in 2016, USA Today said.
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1:00 - 5:00 pm
Over 70% of Executives Surveyed Agree: Many Strategic Planning Efforts Lack Systematic Approach Tips for Enhancing Your Strategic Planning Process
Executives expressed frustration with their current strategic planning process. Issues include:
Steve Rutan and Denise Harrison have put together an afternoon workshop that will provide the tools you need to address these concerns. They have worked with hundreds of executives to develop a systematic approach that will enable your team to make better decisions during strategic planning. Steve and Denise will walk you through exercises for prioritizing your lists and steps that will reset and reinvigorate your process. This will be a hands-on workshop that will enable you to think about your business as you use the tools that are being presented. If you are ready for a Strategic Planning tune-up, select this workshop in your registration form. The additional fee of $695 will be added to your total.
2:00 - 5:00 pm
Female leaders face the same issues all leaders do, but they often face additional challenges too. In this peer session, we will facilitate a discussion of best practices and how to overcome common barriers to help women leaders be more effective within and outside their organizations.
Limited space available.
10:30 - 5:00 pm
General’s Retreat at Hermitage Golf Course
Sponsored by UBS
General’s Retreat, built in 1986 with architect Gary Roger Baird, has been voted the “Best Golf Course in Nashville” and is a “must play” when visiting the Nashville, Tennessee area. With the beautiful setting along the Cumberland River, golfers of all capabilities will thoroughly enjoy the golf, scenery and hospitality.
The golf outing fee includes transportation to and from the hotel, greens/cart fees, use of practice facilities, and boxed lunch. The bus will leave the hotel at 10:30 am for a noon shotgun start and return to the hotel after the cocktail reception following the completion of the round.
