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September 30, 2023

Footnotes: Healthcare Quagmire for IRS, Internship Value, Promoted CFO Pay Gap | 09.11.12

Health Law Means IRS Quagmire, Former Commissioner Says [BBW]

Worthless Internships A more realistic look at the [Northwestern Mutual] survey […] might lead one to the conclusion that internships are pretty terrible. Students work at internships in order to look more attractive to potential employers. Then the work they do in those internships doesn’t have much to do with want they want in their careers. [WM]

These Shopping-Oriented Pyramid Schemes Lure in Ladies, Then Steal Their Friends, Cash, and Confidence [Jezebel]

Barclays to shrink controversial tax unit [FT]

The Search for a Baldness Cure [WSJ]

The Inside/Outside Pay Gap Compensation consultants and executive recruiters say internally promoted CFOs commonly get a much smaller pay package initially than outsiders hired for the same post, often landing them in the bottom 25% among their peers. Conversely, a finance chief poached from another company might be awarded a signing bonus and a cash-and-stock package potentially worth millions, as “make whole” compensation for the unvested stock awards he left behind at his former employer. “You don’t have to pay [promoted executives] as much” as external hires, says Steven Hall, founder and managing director of compensation consulting firm Steven Hall & Partners LLC, and companies often don’t have to pay internal candidates “anywhere near” what their predecessor earned. [CFOJ]

Most Popular Office Chair: Herman Miller Aeron [LH]

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