Pay for performance in corporate America has taken hold as public companies look to align long-term incentive compensation with performance by establishing financial goals and metrics that must be met before he or she “vests” in their long-term reward. This is typically in the form of stock or stock options. That's why I was surprised yesterday to read in the Wall Street Journal that the best-paid CEOs tend to run some of the worst-performing companies and vice versa—even when pay and performance are measured over the course of many years, according to a new study. The study was performed by the research institute MSCI, who studied the pay of some 800 CEOs at 429 large and midsize US companies during the decade ending in 2014. It also looked at the total shareholder return of the companies during the same period and found that the highest paid had the worst performance by a significant margin. It is impossible to fully analyze why this is the case, but I have a view that it lies in the fact that disclosures on performance, and therefore metrics assigned to long term incentives, may not be sufficiently aligned to performance results over long term periods. Whatever, the facts are the facts, and shareholders all too often are apparently getting a bum deal from the payroll department.

Job Listings

CBRE Director of Project Managements – Capital Improvements The Director of Project Management - Commercial Construction, will join CBRE's on-site at a Silicon Valley Fortune 500 tech client's Los Angeles & Orange County offices to lead a team 10, managing design, delivery, and customer satisfaction from concept to completion for all regional projects. (Sponsored Job) JLL VP, Market Operations Position will drive key initiatives for the Florida Market (Brokerage, Capital Markets, Property Management, Project and Development Services, Construction, and Retail). Position will partner with the Florida Market Director to develop annual priorities as well as long-term strategic plans for business line leadership. (Sponsored Job) SELECTLEADERS Senior Community Manager PACIFIC RETAIL General Manager Manager will maintain safety, cleanliness and integrity of all areas of all buildings, systems and equipment for all property users; prepare team to respond in emergency and crisis situations; and possess a thorough knowledge of area market including all competitive properties and area demographics. (Sponsored Job) CIM GROUP Senior Property Manager Role will be accountable for the overall management and operation of commercial office buildings; effectively administering policies that promote well-managed, well-maintained buildings; and achieve maximum return on investment-grade commercial real estate assets. (Sponsored Job) DENVER INTERNATIONAL AIRPORT Chief Building Engineer (Trades Supervisor) Position will provide expertise, leadership, and mentoring to a growing team of HVAC Mechanics and Stationary Engineer's engaged in the operation, maintenance, construction, and repair (HVAC) systems. ACADIA REALTY TRUST Financial Analyst, Acquisitions Analyst will evaluate potential acquisitions, redevelopments, and ground-up developments to be presented to senior management; build institutional quality financial models using Excel and Argus; and assist in the acquisition due diligence and closing process. AMERICAN RED CROSS Director, Real Estate Portfolio Planning Position will contribute to the annual planning for real estate capital projects and then manage the evaluation of and decision making for assigned projects. In addition, role will be responsible for real estate portfolio optimization across nearly 1600 sites and over 13 million square feet of office, industrial, and retail assets. Pay for performance in corporate America has taken hold as public companies look to align long-term incentive compensation with performance by establishing financial goals and metrics that must be met before he or she “vests” in their long-term reward. This is typically in the form of stock or stock options. That's why I was surprised yesterday to read in the Wall Street Journal that the best-paid CEOs tend to run some of the worst-performing companies and vice versa—even when pay and performance are measured over the course of many years, according to a new study. The study was performed by the research institute MSCI, who studied the pay of some 800 CEOs at 429 large and midsize US companies during the decade ending in 2014. It also looked at the total shareholder return of the companies during the same period and found that the highest paid had the worst performance by a significant margin. It is impossible to fully analyze why this is the case, but I have a view that it lies in the fact that disclosures on performance, and therefore metrics assigned to long term incentives, may not be sufficiently aligned to performance results over long term periods. Whatever, the facts are the facts, and shareholders all too often are apparently getting a bum deal from the payroll department.

Job Listings

CBRE Director of Project Managements – Capital Improvements The Director of Project Management - Commercial Construction, will join CBRE's on-site at a Silicon Valley Fortune 500 tech client's Los Angeles & Orange County offices to lead a team 10, managing design, delivery, and customer satisfaction from concept to completion for all regional projects. (Sponsored Job) JLL VP, Market Operations Position will drive key initiatives for the Florida Market (Brokerage, Capital Markets, Property Management, Project and Development Services, Construction, and Retail). Position will partner with the Florida Market Director to develop annual priorities as well as long-term strategic plans for business line leadership. (Sponsored Job) SELECTLEADERS Senior Community Manager PACIFIC RETAIL General Manager Manager will maintain safety, cleanliness and integrity of all areas of all buildings, systems and equipment for all property users; prepare team to respond in emergency and crisis situations; and possess a thorough knowledge of area market including all competitive properties and area demographics. (Sponsored Job) CIM GROUP Senior Property Manager Role will be accountable for the overall management and operation of commercial office buildings; effectively administering policies that promote well-managed, well-maintained buildings; and achieve maximum return on investment-grade commercial real estate assets. (Sponsored Job) DENVER INTERNATIONAL AIRPORT Chief Building Engineer (Trades Supervisor) Position will provide expertise, leadership, and mentoring to a growing team of HVAC Mechanics and Stationary Engineer's engaged in the operation, maintenance, construction, and repair (HVAC) systems. ACADIA REALTY TRUST Financial Analyst, Acquisitions Analyst will evaluate potential acquisitions, redevelopments, and ground-up developments to be presented to senior management; build institutional quality financial models using Excel and Argus; and assist in the acquisition due diligence and closing process. AMERICAN RED CROSS Director, Real Estate Portfolio Planning Position will contribute to the annual planning for real estate capital projects and then manage the evaluation of and decision making for assigned projects. In addition, role will be responsible for real estate portfolio optimization across nearly 1600 sites and over 13 million square feet of office, industrial, and retail assets.