terry donovan
Corporate Governance Study: Lodging Boards 2020
Keith Kefgen | December 9, 2020
By: Keith Kefgen, New York | Terry Donovan, New York The hotel/travel industry has been particularly hard hit by COVID. Many of the industry’s venerable brands have had to do the unthinkable, furlough or layoff significant percentages of their workforce. Many executives and even board directors have taken pay cuts during this health crisis. We wonder how this pandemic will impact corporate governance and the tough decisions facing public hotel/travel companies. We have been studying governance practices in the industry for nearly two decades and we have seen huge strides in the quality of board practices. Our study this year examined ...
Hotel CEO Pay For Performance Study 2020
Keith Kefgen | September 28, 2020
By Keith Kefgen, Terry Donovan What a difference 6 months makes. 2020 began with hotel companies coming off one of the strongest years in history and feeling optimistic the good times would continue. Since then, the industry has had widespread closures, massive layoffs, and CEO’s taking significant pay cuts while grappling with a global pandemic. While we will explore the ramifications of this crisis in this article’s conclusion, much of this study is focused on 2019 compensation data. What we have found over the twenty-plus years of studying CEO pay, that boards are still challenged with linking CEO pay to company performance. In f...
Putting ‘Job-Hopping’ in Proper Perspective
Terry Donovan | June 14, 2018
By Terry Donovan Executive search clients consistently voice concerns about candidates who appear to be "job-hopping"– i.e., frequently move to new opportunities after relatively short stints. These concerns are reasonable and can be justified in many circumstances, although other times, movement early in an individual's career can be both beneficial and rational. For instance, one AETHOS placement talked about how he sought different companies and experiences in the beginning years of his career to make himself more well-rounded and adaptable in the future. Aiming to understand better these different views on job-hopping, an anal...
