Utilities must trim the fat from excessive stock options, stock grants and executive pay.
Richard Stavros is Fortnightly's Executive Editor.
This month’s cover story (“Baby Boom Blues” and “HR Roundtable: Bridging the Talent Gap”) focuses on how utilities intend to find the talent they’ll need over the next few years to replace all those retiring baby boomers. And part of that puzzle naturally involves executive pay: how to attract the best and brightest without going overboard on rewards for performance.
Yet beyond the impending workforce crisis, the task just now warrants an urgency all of its own. As many will already know who regularly read the Wall Street Journal and the Financial Times, recent weeks have seen scandals develop involving both the timing of stock options (Monster.com, United Health) and shareholder criticism of excessive executive compensation (Home Depot, Exxon Mobil).