CEO Wealth Dropped 20% Last Year — Here’s Who Lost the Most—Agenda
January 27, 2023
With market turmoil over the past year depressing equity values and impacting equity-based CEO pay, boards may consider revisiting compensation plans with an eye on retaining chief executives. Not surprising, shareholders who have also seen a decline in the value of their shares may be inclined to object to any pay raises. In this article from Agenda, which cites the recent Farient Brief “Tracking CEO Wealth—Who’s Up, Who’s Down,” Farient’s Marc Hodak discusses the state of CEO pay going into the 2023 proxy season and why efforts to retain CEOs with revamped pay packages could run up against investor resistance.
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.