• Bankruptcy Aspects of Executive Compensation Programs
  • August 14, 2009 | Author: James E. Bailey
  • Law Firm: Butler, Snow, O'Mara, Stevens & Cannada, PLLC - Memphis Office
  • A record total 14,319 businesses filed bankruptcy in the first quarter of 2009. This figure is the highest of any quarter in the last 15 years. The number of businesses that continue to struggle in the current economic climate but have not filed bankruptcy undoubtedly exceeds even this record statistic. Managing a business experiencing the stresses of today's economy presents unique issues for management. This article addresses one such issue - implementation of or changes to executive compensation programs.