Martin Rosenbaum, a member of Maslon's Business and Securities Team, offered commentary in an article titled "Execs Alter Ways to Get 'Green,'" published in the May 16, 2009, edition of the Minneapolis Star Tribune
. The article recognizes the moderate approach taken by several of Minnesota's CEOs when it comes to executive pay. It also addresses the trend, during the current economic times, of Minnesota CEOs turning down bonuses or taking stock-based pay instead.
Rosenbaum states, ". . . we're not Wall Street, with all that short-term compensation, much of it based on smoke-and-mirrors. I'm seeing less cash compensation and more equity compensation that vests over time. I've seen boards asking CEOs to take bonuses in restricted stock that vest over time. . . ."
To view the full article, go to: Execs Alter Ways to Get 'Green'