Activism in Energy Sector Extends to Pay
NFPCCmp;A's own Brent Longnecker & Todd Henke were interviewed by Kristin Gibben, a columnist for Agenda Week, for her article entitled, "Activism in Energy Sector Extends to Pay." With the energy sector booming, we are seeing more companies granting larger long-term incentives to help retain talent in a hyper-competitive market. We are seeing more of these grants are in the form of restricted stock or performance based awards. These long-term incentive vehicles are negatively viewed by shareholder advising institutions, such as Institituional Shareholder Services ("ISS"), which are recommending a vote against executive pay for some of the companies with these type of awards, and some shareholders are listening.
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