Public corporations across all industries are reacting to the government’s scrutiny of banking compensation practices and a revenue crunch caused by the economic crisis by calling on lawyers to restructure executive bonuses and salaries and employee stock-options plans.
Lawyers say the government’s executive compensation rules for companies receiving bailout funding, the economic downturn and stepped-up pressure from corporate governance watchdog organizations such as RiskMetrics Group are prompting companies to alter a variety of compensation plans.
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