Catch-up on Comp
The Wall Street Journal's CEO Compensation survey was announced yesterday, and it was reported that the median value of salaries, bonuses, and long-term awards for the CEOs of 350 major companies "surged" 11%. For the prior year, CEO pay was flat year over year. The pay bump reflects the economic recovery and a catch-up on pay that one would expect after a long dry spell. This parallels our observation generally in the market. We are observing that companies are beginning to ratchet up compensation, as they are concerned that as the markets recover and their top talent is more exposed to new "opportunities," they may be lured away. For employers today, the best offense is a strong defensive compensation strategy.
Tony LoPinto is the Global Sector Leader of Korn/Ferry International's Real Estate Practice and founder of SelectLeaders. The views expressed in this article are the author’s own.
Job OpportunitiesPALMER CAPITAL, INC.
Capital Markets Partner
(SACRAMENTO) The partner will be responsible for underwriting, marketing, structuring debt and equity, and the management of client relationships; among other duties.
COLE REAL ESTATE INVESTMENTS
Project Manager
(PHOENIX) The manager will be responsible for the coordination and execution of maintenance operations, capital expenditure and tenant improvement projects; cost estimating and lease review development relating to landlord work and tenant improvements; and prepare concise bidding direction to solicit vendor proposals with well defined, comparable work scopes; among other duties.
JONES LANG LASALLE
Asset Manager
(BALTIMORE) The manager will have direct responsibility for several properties, primarily office; develop and implement annual asset level strategic plans, including hold/sell analysis; work with property managers to develop annual operating and capital budgets consistent with strategic plan; and provide day-to-day oversight of property management companies; among other duties.
NEWMARK KNIGHT FRANK
Client Relations Manager
(NEW YORK CITY) The manager will manages a business's geographically dispersed real estate portfolio; space usage, recommendation of strategies to redeploy underutilized assets, and recommendation of strategies to take advantage of unique market conditions; actively participate in annual business unit planning process; and assist business unit lead with the development of the return on investment (ROI) model required to expand or open a new facility; among other duties.
COLLIERS INTERNATIONAL
General Manager/Operations Manager
(VANCOUVER, BRITISH COLUMBIA) The manager will be responsible for day to day operating requirements associated with a regional shopping centre; and oversee, purchasing, budgeting, operations, tenant relations and marketing and will execute on all operational requirements; among other duties.
CITY OF RICHMOND
Director of Planning and Development Review
(RICHMOND, VA) The director will be responsible for directing and executing a comprehensive municipal planning program, including amending the master plan, and is responsible for overseeing planning, development review, zoning, building permits and inspections, and property maintenance code enforcement activities; among other duties.
THE WENTWOOD COS.
Compliance Manager
(AUSTIN, TX) The manager will alert management to current regulatory rules and regulations; provide technical support and training to property operations staff; monitor any issues that involve rule violations; and develop compliance policies and procedures; among other duties.
VERIZON
Director, Real Estate Strategy and Support
(BASKING RIDGE, NJ) The director is responsible for program management and implementation of transformational strategies that will drive sustainable cost reductions across the real estate organization—worldwide; among other duties.
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.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 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.