Katayun Jaffari, Diane Thompson, and Anne Greene co-authored an article published in The Legal Intelligencer that examines the considerations companies must bear in mind when addressing executive compensation amid the COVID-19 pandemic. They note that while there is no one-size-fits-all approach for handling executive compensation, companies should understand the legal ramifications for any modification of executive compensation programs to account for the current climate. The article discusses reductions in executive pay, reductions in bonuses, requirements related to CARES Act loans, and considerations for companies doing well.
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