McKesson CEO Exit Pay Under Attack
John Hammergren, CEO of McKesson narrowly avoided a $140 million cut to his $182.6 million severance pay package. He would have probably been able to get by just fine on the remaining $42 million, which includes more than $2.2 million for the provision of an office and secretary, but that would have been a big haircut for any CEO exit payout.
Forty-four percent of shareholders who voted at McKesson’s annual meeting last Wednesday supported a resolution calling for the company to prevent what is known as “accelerated vesting” of outstanding equity pay. Often, when a CEO or other executive is fired, the stock options and restricted stock that would vest slowly over time vest all at once, resulting in a pay windfall called a golden parachute.
Read more: Fortune
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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:
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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.
