No Option

Yesterday’s Wall Street Journal ‘s front page headline article reported that executives and their companies are under scrutiny for “unusual” option awards during merger negotiations. With the rebound of the markets, and the return of M&A activity, executives are benefiting from newly issued options and restricted stock awards. Of course, one has to be loco if they play games in the face of a merger, IPO, or other activity in the public markets. However, that aside, there has been plenty written about excessive pay to executives, but little noted about how seriously many have seen their restricted stock, options, fund participation and other long term incentive compensation evaporate over the past 18 months. The good news is that many smart companies have recognized the need to keep key professionals on the bench, and have issued new long term incentive awards. Employers should take note, because as the recovery builds steam, without some offensive moves on the compensation front, there will be little to keep an executive tied to the company.

Tony LoPinto is CEO of Equinox Partners, an executive search firm specializing in the real estate industry, and parent company of SelectLeaders. The views expressed in this article are the author’s own.
Job Opportunities
JOHN HARDY GROUP Controller / CFO Potential (ATLANTA) The controller/CFO potential will provide leadership and coordination of company financial planning, debt financing, and budget management functions; ensure company accounting procedures conform to generally accepted accounting principles; as well as direct and coordinate debt financing and debt service payments with external agencies; recommend benchmarks for measuring financial operational performance; work with external auditors for year-end financial statements and tax returns, among other duties. CB RICHARD ELLIS Senior Operations Manager (NEW YORK CITY) The senior operations manager will coordinate and maintain the due diligence, legal and the accounting process for all team deals; perform and/or delegate due diligence review of all documents; create purchase and sale contract schedules; assist senior management with team budgets, strategic planning, forecasts, and expenses; assist with various research projects; assist in managing the canvassing efforts, administrative staff and junior associates; act as a liaison for team with all other departments such as IT, human resources, accounting, market research, legal etc.; among other duties. SELECTLEADERS Head of Corporate Services (NEW YORK CITY) The head of corporate services will be responsible for conceptualizing and implementing a plan for expanding the corporate services business line and developing a strong “strategic” orientation to corporate services product offering; leading the business development and marketing efforts for the Corporate Services initiative; enhancing the corporate services business development programs, which call upon CEOs, COOs, CFOs, and corporate real estate executives of targeted clients to establish and enhance value added relationships and source new business; creating, in partnership with the company’s business development leadership and marketing resources, a comprehensive marketing strategy and implementing a plan which incorporates media relations, advertising, special events, and other activities that deepen the company’s penetration of the market; among other duties. PRUDENTIAL Director, Affordable Originations (NEWARK) The director will be responsible for acting as the central point of contact for borrowers, intermediaries, internal team members and third party vendors, the director will oversee and coordinate the efficiency and integrity of the transactions process including underwriting, due diligence, closing and servicing, in support of meeting aggressive production objectives for the region; as well as managing all aspects of the loan origination process, including presentations to senior management, debt structuring, pricing strategy, transaction negotiation and closing, and due diligence review; and developing and cultivating high quality relationships with new prospects, while maintaining and building enduring relationships with existing institutional clients. COSTAR GROUP Sales Executive–Commercial Property Information–Based/Uncapped Commission (PHILADELPHIA) The key responsibilities of the sales executive will be new sales into the commercial real estate industry and all related verticals; up-sells of new and complimentary products into existing customer base; retention of existing account base through extensive product training and client interaction; new and renewal contract negotiations with key decision makers; and management of sales pipeline and monthly sales forecast as well as activity tracking within CoStar’s proprietary CRM application; among other duties. BRANDYWINE REALTY TRUST Vice President/Director–Property Services (RADNOR, PA) The VP/director is responsible to lead the company’s energy management initiatives including energy use and cost monitoring, Energy Star, efficiency, purchasing, training and alternative energy opportunities; lead the company’s sustainability initiatives including the continued development and refinement of construction guidelines, LEED scorecards and reporting and marketing materials; among other duties. MACK-CALI REALTY CORP. Leasing Director (GREENBELT, MD) The leasing director will be responsible for marketing and negotiating commercial lease transactions within Mack-Cali commercial office real estate; as well as managing leasing related processes; among other duties. SELECTLEADERS Vice President Property Management–Distribution Facilities (ANNAPOLIS, MD) The VP will consult on leasing activities and processes new leases, renewals and amendments; assists as needed on new acquisition due diligence reviews, transitioning-in new acquisitions, construction projects, development of marketing materials, etc.; preparation of exhibits and other ad hoc reporting materials.; among numerous other duties.
Promotions No more than one submission per company will be considered per week. Submissions with multiple names will be capped at three for coverage in Executive Watch.

<!—->

OP2MIZE, LLC (NORTHBROOK, IL) Op2mize is promoting Daniel S.R. Dakhil to senior director, client services from manager, client services. HANOVER REAL ESTATE PARTNERS (GREENWICH, CT) Hanover Real Estate Partners is hiring Romano Orlando as CFO. Prior to Hanover, Orlando was the finance manager of Wittek Development, LLC, a real estate investment and development company. MAX SPANN’S REAL ESTATE & AUCTION CO. (CLINTON, NJ) Max Spann is hiring Glenn McDonald joined the firm as regional director of business development.
New Hires No more than one submission per company will be considered per week. Submissions with multiple names will be capped at three for coverage in Executive Watch.
TRINITY WALL STREET (NEW YORK CITY) Trinity Wall Street is hiring Stacy R. Brandom as chief financial officer and executive vice president. Prior to joining Trinity, Brandom was the chief financial officer and managing director for Citi Smith Barney. CB RICHARD ELLIS (NORFOLK, VA) CB Richard Ellis is hiring Mollie Sessoms Korte at itsHampton Roads retail brokerage team as senior associate. Previously, Korte worked for Commercial Real Estate Services. ENNISKNUPP (CHICAGO) EnnisKnupp is hiring Catherine Polleys as a principal andleader of the firm’s Global Real Estate Team. Polleys comes to EnnisKnupp from Pyramis Global Advisors, a unit of Fidelity Investments, where she was director of research. HUDSON REALTY CAPITAL LLC (NEW YORK CITY) Hudson Realty Capital is hiring Precilla Torres as a managing director. JONES LANG LASALLE (PHOENIX) Jones Lang LaSalle is hiring Dennis Desmond as a senior managing director. Previously, Desmond was an SVP at Transwestern Commercial Services.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.