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Why Exit Planning is Vital to Business Owners

Many CEOs focus on the present: how they can add value to their company today and in the future. So, why would a CEO want to focus on leaving the company? The topic of succession is difficult (and perhaps emotional), but it is an important one. Here are eight reasons that you need to look to the future. The first? The chances of selling an illiquid business are less than 5 percent.

 John M. Leonetti CEO Life , Selling A Business June 6 2011
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Compensation Negotiation: It’s Not Just About How Much You’ll Make

There are many things to consider when negotiating an employment agreement — and salary is just one of them. If you don’t consult an attorney, you may put yourself in a vulnerable position and leave money on the table. Here’s how to protect yourself.

 Jon Vegosen CEO Life May 27 2011

No Degree—And No Worries

Some of the most successful chief executives in the business world did not graduate from college. Though the reasons differ (some didn’t have the option to attend school while others dropped out to build their businesses) they all have excelled in the marketplace. Here’s a list of some of the top earners without a degree.

 Fayazuddin A. Shirazi CEO Life May 25 2011

Combining Captive Insurance Companies With Estate Planning

Business owners may find many benefits from establishing captive insurance companies (you have to have insurance anyway, right?) with their estate planning. Randy Fox explains the ins and outs of establishing such a company and the future benefits that it can bring you — for example, transferring wealth without making taxable gifts.

 Randy Fox CEO Life , Wealth Management May 24 2011
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Being There

Richard Friedman, Carpenter & Co. CEO, has two homes in Tortola, two homes in Aspen, and a plush pad on Martha’s Vineyard where presidents have vacationed. For Friedman, the trick to buying second homes is always following your heart — and never having to pack.

Michael Gelfand CEO Life , Travel May 20 2011

CEO Compensation Report 2011

Do companies really pay for performance? ChiefExecutive explores the questions that board compensation committees and shareholders are asking: how do you link short and long-term pay to performance while neither overpaying nor underpaying the CEO?

 Russ Banham Boards of Directors , CEO Life , Governance , Governance/Compliance May 17 2011
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Off the Grid Getaways

Want a vacation that takes you out of the country but stays in your comfort zone? These three otherworldly destinations deliver the goods with style.

 Michael Gelfand CEO Life , Travel March 11 2011
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The Silver-Spoon Dilemma

A number of high level CEOs have experienced public parenting woes. Often times the children of successful parents lack the same drive that got their parents to the top of the corporate ladder. So, when it comes to parenting, can success and wealth actually work against you?

 C.J. Prince CEO Life , Wealth Management March 3 2011
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The Shortest Distance Between Two Points

As a CEO it would be helpful to be in two places at once. Since that’s not possible, what’s the closest viable solution? CEO Carl Pick uses business aviation as his own personal time machine.

 Michael Gelfand CEO Life , Travel January 19 2011

Contemplating Life After Being CEO

The 4Rs of making a comeback

 Andrea Redmond And Patricia Crisafulli CEO Life , CEO Transitions July 8 2010