CIC cash severance is still higher than severance paid outside a change-in-control, according to FW Cook’s 2023 practices survey . The report is a comprehensive review of market severance practices for CEOs and CFOs (who often represent the rest of the C-Suite in terms of severance treatment). Why it matters: Executive compensation shareholder proposals went up 108% this year, largely driven by severance proposals (see this Gibson-Dunn report for details). The proposals typically require shareholder approval of any severance over 2.99x base and bonus. By the numbers : The survey is extensive and reports on five-year trends from 2016 to…
