April 2020
Teaching Note
HBS Case Collection

Executive Compensation at Talent Partners

By: Richard S. Ruback, Royce G. Yudkoff and Ahron Rosenfeld

Format:Print
| Language:English
| Pages:9

Abstract

Teaching Note for HBS Case No. 211-073. Talent Partners, a payroll service firm focused on actors in commercials, hired Paul Muratore to be its CEO in 2002. His compensation package included a fixed salary and a bundle of Stock Appreciation Rights (SAR) that would expire at the end of a five-year period. If Talent Partners reached its target EBITDA growth, the SAR would double Muratore’s total compensation.

Keywords

Executive Compensation; Stock Options; Compensation and Benefits

Citation

Ruback, Richard S., Royce G. Yudkoff, and Ahron Rosenfeld. "Executive Compensation at Talent Partners." Harvard Business School Teaching Note 220-081, April 2020.