The Executive Compensation podcast from Meridian Compensation Partners is a vital resource for compensation committees, seasoned compensation professionals, or curious learners to explore all aspects of executive compensation. In this debut episode, Jon Szabo and Jim Kirian discuss differences between traditional IPOs and SPAC mergers and how they affect compensation strategies.
Both IPOs and SPACs have the same outcome: a company moves from privately held to publicly traded. These transactions are executed differently, but both still require a compensation strategy that minimizes the risk of turnover, compares favorably to similar organizations, and achieves strategic alignment between investors and senior executives.
Jon and Jim also address how companies should prepare a public compensation structure. Companies should establish market reference groups, transaction peer groups, and aggregate data from multiple sources (e.g. compensation research from HR consulting firms) to create a program that is competitive and incentivizes executives to stay.
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