Martin Rosenbaum, member of Maslon's Business and Securities Team, is quoted in a Saint Paul Pioneer Press
article titled "For Target's CEO, bonuses are back." The article, published on April 8, 2010, reports on indications in the Twin Cities that bonuses "could be staging a comeback-at least in the executive suite."
Marty commented, "It's too early to say if there's a broad trend toward more or bigger bonuses for executives since it is likely that CEOs are currently benefiting based on a 'under-promise and over-deliver' principle." He continued, "For 2008, the year started out with high expectations, which were dashed by the end of the year. In 2009, compensation committees were careful to set realistic goals and [performance] targets to give executives a real incentive to turn things around, and many were able to meet or exceed more modest expectations."
Marty has over 25 years experience advising public and privately held companies on securities and corporate matters. He regularly advises public companies of all sizes regarding preparation of public reports and proxy statements, public disclosures, insider trading, securities regulatory compliance, corporate governance matters, executive compensation and stock plan issues. Marty was named a "Leading Individual" in Minnesota in Corporate/M&A by Chambers USA in 2007, 2008 and 2009, and is also the founder of OnSecurities
, a unique legal blog addressing securities, governance and compensation issues currently facing public companies.
To view the full article, go to: http://www.twincities.com/
and search "For Target's CEO, bonuses are back."