Marty Rosenbaum, a member of Maslon's Business and Securities Team, is quoted in an article titled "Boston Scientific to help with loss on exec's home," published in the March 3, 2010, edition of the Saint Paul Pioneer Press
. The article reported that Boston Scientific's top executive will be relocating his residence from Minnesota to Massachusetts and that the company has agreed to pay up to one-third of the executive's anticipated loss - not to exceed $1 million - on the sale of his Minnesota home.
Marty commented, "If the company can get an executive to relocate rather than having to recruit from the outside, the company saves a lot of recruiting and transition costs." Noting that Boston Scientific is covering one-third of the loss up to a limit-rather than the full amount, he added, "Boston Scientific is certainly less generous than many companies."
Marty Rosenbaum 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 he is the President of the Twin Cities Chapter of the National Association of Stock Plan Professionals.
To view the article, go to: http://www.twincities.com/
and search for "Boston Scientific to help with loss on exec's home."