These CEOs Wanted to Be Paid Like Musk. They Failed. – The Information
November 14, 2022
Elon Musk reaped the benefits of a high-risk, high-reward pay package. Other tech CEOs? Not so much. As the value of tech companies has plummeted, so have the prospects of big awards for hopeful CEOs. In this article, Farient’s Marc Hodak discusses the pay plans aimed at securing the fruits of rapid growth for tech executives – and why some of those who lost out still might win out if they last long enough.
About Marc Hodak
Partner, Farient Advisors, Dallas
Marc works closely with senior management, boards of directors, and investors, in both public and private companies to develop executive compensation programs that are shareholder-friendly, attractive to management, and responsive to the needs and concerns of boards.
He is a recognized thought leader in incentive plan design. His articles have been published in numerous magazines, including Forbes, NACD Directorship, Directors & Boards, and academic journals. He has been quoted in the national press, including the Wall Street Journal, Bloomberg, and Reuters.
He is a sought-after speaker at forums and conferences throughout the U.S. and Europe on executive compensation, corporate governance, and value management. Marc was named to the 2020 NACD Directorship 100, a list of the most influential people in corporate governance and the boardroom.
For the last 10 years, Marc has taught corporate governance as a professor at New York University’s Stern School and as visiting lecturer at the University of St. Gallen in Switzerland. Before joining Farient Advisors, Marc was the principal at Hodak Value Advisors and led value-based management implementation and related projects at Stern Stewart & Co. He earned his MBA in finance from the University of Pennsylvania Wharton School and a BS in aerospace engineering from the University of Maryland.