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When Leadership Matters – A Review of Hotel Board Performance (阅读文章)
LaSalle Hotel Properties wins top spot in the 13th HVS Executive Search US board performance study
2011 年 12 月 16 日 根据Juliette M. Boone与Keith Kefgen
This edition of the HVS Executive Search review of gaming CEOs compares 2010 compensation in relation to stock performance, EBITDA growth and market capitalization over a three year period.
2011 年 10 月 30 日 根据Keith Kefgen
The Boss Takes a Pay Cut, Partially (阅读文章)
The latest HVS Pay-for-Performance index indicates that CEOs negotiated smaller salaries or declined salary increases in favor of more bonus pay.
2011 年 8 月 30 日 根据Keith Kefgen与Andrew R Hazelton
Hotel Industry Boards Improving Under Shareholder Pressure (阅读文章)
Starwood Hotels & Resorts wins top spot in the 12th HVS Executive Search US board performance study.
2010 年 12 月 1 日 根据Keith Kefgen
Recovery or Double Dip? (阅读文章)
Did CEO pay follow the dramatic fall of the US economy in 2009? HVS Executive Search presents this and other findings in our annual CEO survey of the US hotel industry.
2010 年 8 月 20 日 根据Keith Kefgen
Keith Kefgen, CEO HVS Executive Search, questions recent suggestions to increase taxes on the highest spending consumers. Will such a revenue stream really help balance the massive US budget deficit?
2010 年 5 月 6 日 根据Keith Kefgen
HVS Executive Search, in their 12th annual study, evaluates the Best Gaming Boards of 2009. Conclusions are based on analysis of 35 public gaming companies.
2010 年 1 月 27 日 根据Keith Kefgen与Juliette M. Boone
HVS Executive Search Reviews the U.S. Gaming Industry Leadership (阅读文章)
The HVS Executive Search Annual Gaming Industry Survey evaluates the stock performance, EBITDA growth and market capitalization of public gaming companies in the U.S. and compares it with CEO pay.
2009 年 11 月 24 日 根据Keith Kefgen
Board Directors Sitting on the Hot Seat (阅读文章)
As the SEC, White House and Congress continue to define board and CEO performance standards, we find that some companies are doing an excellent job. Host Hotels & Resorts lead the 11th HVS Executive Search board performance study of U.S. hotels.
2009 年 10 月 8 日 根据Keith Kefgen
CEO Pay - The Hot Potato (阅读文章)
HVS Executive Search names Jeffery H. Boyd President & Chief Executive Officer of priceline.com as the hotel industry’s top-performing chief executive officer of 2008 in its 16th Annual CEO Survey.
2009 年 9 月 18 日 根据Keith Kefgen
Say on Pay: Real Bark or a Whimper? (阅读文章)
HVS Executive Search looks at the Say on Pay bill recently passed in the United States - a real reform or just good politics?
2009 年 8 月 19 日 根据Juliette M. Boone与Keith Kefgen
Executive Pay -The How and The What (阅读文章)
Shareholders are demanding transparency and they are going to get it. With the right balance of metrics, managerial behavior can be directed in the appropriate way
2009 年 8 月 4 日 根据Keith Kefgen
CEO pay continues to be a highly scrutinized topic, especially in today's economic environment. We argue that when compensation programming is done correctly, a CEO's pay should be based on performance relative to his or her peers.
2009 年 3 月 11 日 根据Becca Ickowicz与Keith Kefgen
Is Your CEO Worth His or Her Salary? (阅读文章)
This year we analyzed CEO compensation for 53 public restaurant firms. Based on our pay-for-performance model, the top performer was Joel A. Schwartz of Benihana Inc.
2009 年 2 月 10 日 根据Daniel J Cline与Keith Kefgen
The Economist Speaks and No One Should Listen (阅读文章)
Should Congress Limit CEO Pay? The following article responds to the recent NY Times article written by economist Robert Frank.
2009 年 1 月 14 日 根据Keith Kefgen
Top Retail CEOs in a Market Finding its Bottom (阅读文章)
This year we analyzed CEO compensation for 108 public retail firms. Based on our pay-for-performance model, the top performer was Michael Jeffries of Abercrombie & Fitch.
2008 年 12 月 4 日 根据Brad S. Ellman与Keith Kefgen
Published in Casino Journal in November, 2008
2008 年 11 月 1 日 根据Keith Kefgen
Positive trends in governance continue and shareholders will be the ultimate beneficiaries.
2008 年 10 月 18 日 根据Howard Krieger与Keith Kefgen
Top Hotel Board Performers in a Turbulent Time (阅读文章)
As the SEC continues to emphasize the value of corporate governance, company boards have come under greater scrutiny in recent years. Based on our evaluation methodology, Morgans Hotel Group was the top performing board in 2007.
2008 年 8 月 26 日 根据Keith Kefgen与Becca Ickowicz
Top Hotel Industry Performers in a Turbulent Time (阅读文章)
CEO compensation in the hotel industry continues to be an important issue in the midst of an economic downturn. Based on our pay-for-performance model, Jon E. Bortz of LaSalle Hotel Properties was underpaid by 111.9% or $2.1 million in 2007.
2008 年 7 月 10 日 根据Keith Kefgen与Becca Ickowicz
A few years ago there was no such thing as a lead director on a public board. But when the CEO and the Chairman were the same person conflicts were clearly visible. This has been improving and in 2006, 25 of 41 Chairman were not the CEO.
2008 年 4 月 28 日 根据Keith Kefgen
Best Practice Due Diligence -- a 20|20 Skills™ Case Study (文件下载)
HVS Executive Search is a model for organizations wanting to implement best practices for recruitment. Read how 20|20 Skills™ assessment bolstered Executive Search's candidate due diligence and sharpened its competitive edge in the war for talent.
2008 年 4 月 15 日 根据Jim Houran与Keith Kefgen
Bonuses way up, stock options way down in HVS’s 2007 Gaming Industry CEO Survey.
2007 年 12 月 19 日 根据Howard Krieger与Keith Kefgen
2007 Hotel Edition of CEO/CFO Compensation Study (阅读文章)
HVS Executive Search addresses trends in total compensation for the Hotel CEO/CFO. Although the report is geared towards board directors and compensation committees, anyone interested in compensation trends will be well served.
2007 年 10 月 19 日 根据Keith Kefgen
The 2007 Hotel Industry Board Survey (阅读文章)
In our annual survey of board performance we analyzed the public documents of forty-one public lodging companies.
2007 年 7 月 13 日 根据Keith Kefgen与Jay Rehman
The 2007 Hotel Industry CEO Survey (阅读文章)
Based on our pay-for-performance model, Bill McCarten was underpaid by 120.9% in 2006. The model takes into consideration three primary criteria, EBITDA/FFO growth, market capitalization and stock appreciation and compares that to total...
2007 年 6 月 8 日 根据Keith Kefgen与Jay Rehman
The Golden Parachute and the Tax Man (阅读文章)
IRS statute (280G) was enacted to control excessive payment to executives in the event of a Change In Control.
2007 年 4 月 17 日 根据Keith Kefgen
Backdating and Spring Loading Stock Options - The Dark Side (阅读文章)
The IRS has decided that employees who cashed in on backdated options may have increased tax liability and face significant financial penalties.
2007 年 4 月 3 日 根据Keith Kefgen
The 2006 Hotel Industry Board Survey (阅读文章)
In our annual survey of board performance we analyzed the public documents of forty-four public lodging companies.
2007 年 3 月 28 日 根据Keith Kefgen
The 2006 Hotel Industry CEO Survey (阅读文章)
Based on our pay-for-performance model, Steve Bollenbach was underpaid by 120% in 2005.
2007 年 2 月 26 日 根据Keith Kefgen
Money and Employee Motivation (文件下载)
The most effective motivator for employees is a monetary incentive used with non-financial reinforcements. We review nuances of incentives and make basic recommendations that can form the basis of best practice compensation and incentive policies. ...
2007 年 1 月 11 日 根据Jim Houran与Keith Kefgen
Rising Incentives - 2005 Gaming Industry CEO Survey (文件下载)
This year’s top performing CEO was James Perry of Trump Entertainment Resorts with an HVS Value Index of 185.3.
2006 年 12 月 5 日 根据Keith Kefgen与Howard Krieger
2006 Lodging Property and Corporate report
2006 年 10 月 11 日 根据Keith Kefgen
Canadian Lodging Outlook July 2006 (文件下载)
The Art & Science Of Hospitality
2006 年 9 月 11 日 根据Keith Kefgen
The Art & Science of Hospitality (阅读文章)
To be successful, today’s hospitality executive must be a service fanatic, marketing guru, Wall Street analyst, real estate appraiser and a first-rate coach.
2006 年 7 月 27 日 根据Keith Kefgen
HVS Executive Search Presents 13th Annual Lodging Leadership Award To Stephen Bollenbach (阅读文章)
HVS Executive Search, has honored Stephen Bollenbach, chief executive officer of Hilton Hotels Corporation.
2006 年 6 月 7 日 根据Keith Kefgen
HVS Executive Search has honored Four Seasons Hotels and Resorts.
2006 年 6 月 7 日 根据Keith Kefgen
2005 Gaming Board of Directors Survey (文件下载)
GTECH Holdings Corporation is our top performing board for the second consecutive year in our 2005 Gaming Board of Directors Survey.
2006 年 3 月 3 日 根据Stephen Goebel与Keith Kefgen
HVS International’s 2004 Gaming Industry CEO Survey (文件下载)
The year’s top-performing CEO was Ferenc Szony of Sands Regent whose HVS Value Index rating of 190.9 indicates that he was underpaid by 90.9 percent.
2005 年 12 月 20 日 根据Keith Kefgen与Stephen Goebel
The 2004 Hotel Industry CEO Survey (阅读文章)
Based on our pay-for-performance model, Hasu P. Shah was underpaid by 121% in 2004. The model takes into consideration three primary criteria, EBITDA/FFO growth, market capitalization and stock appreciation, and compares that to total compensation.
2005 年 8 月 17 日 根据Keith Kefgen
Lead Directors for Independent Boards (阅读文章)
The need to show clear Board of Director Independence has sparked a trend to appointing Independent Lead Directors. Stephen Goebel looks the trends effect on Gaming companies.
2005 年 8 月 3 日 根据Keith Kefgen
Timing of Stock Options Comes Under Close Scrutiny As Executives Cash In (阅读文章)
We still deem equity pay to be an important part of compensation administration; we just think it is time to end the compensation free-for-all.
2005 年 3 月 3 日 根据Keith Kefgen
Boards Under the Microscope (文件下载)
Our annual study takes a look at the good and bad trends in corporate governance among publicly traded companies in the gaming industry.
2005 年 2 月 23 日 根据Keith Kefgen与Stephen Goebel
Hotel Executive Compensation, Bonuses Rise Despite Economic Challenges (阅读文章)
We believe more lodging companies will focus on executive pay-for-performance initiatives as they try to attract and retain the best talent in the industry.
2004 年 12 月 9 日 根据Keith Kefgen
The Riverboat gaming industry has matured and can no longer be considered a secondary market. Have salaries for Riverboat executives grown to match the market? Stephen Goebel compares them to executive salaries in Las Vegas.
2004 年 12 月 9 日 根据Keith Kefgen
Revisiting the Link Between Governance & Performance (阅读文章)
By comparing a company’s stock appreciation, growth in earnings and EBITDA to our HVS Governance Index, Keith Kefgen concludes only a minor connection between the two.
2004 年 11 月 9 日 根据Keith Kefgen
Our annual study analyzes CEO performance by comparing financial results relative to total compensation. Using our proprietary pay-for-performance model, each CEO was compared to his or her industry peers.
2004 年 11 月 2 日 根据Keith Kefgen与Stephen Goebel
Board Scrutiny a Fact of Public Life (阅读文章)
In our seventh annual survey of board performance we analyzed the public documents of thirty-seven public lodging companies.
2004 年 9 月 29 日 根据Keith Kefgen
Gaming's Service Professionals (阅读文章)
Fine restaurants, and luxury hotel accommodations have become profit centers for Casino Resorts. Has this trend had an impact on compensation for those positions? Stephen Goebel takes a look.
2004 年 9 月 27 日 根据Keith Kefgen
If executives need to borrow money, they should look to a bank, not their own company.
2004 年 8 月 28 日 根据Keith Kefgen
Linking Director Pay to Company Performance (阅读文章)
Many factors must be considered when linking director pay to company performance.
2004 年 7 月 29 日 根据Keith Kefgen
The 2003 Hotel Industry CEO Survey (阅读文章)
Based on our pay-for-performance model, Jonathan Tisch was underpaid by nearly $1.56 million in 2003. The model takes into consideration EBITDA growth, market capitalization and stock appreciation, and compares that to total compensation.
2004 年 7 月 26 日 根据Keith Kefgen
By setting term limits, companies are promoting healthy governance and mitigating power abuses
2004 年 7 月 20 日 根据Keith Kefgen
Nominating/Governance Committee (阅读文章)
The role of the nominating/governance committee is critical in establishing good governance.
2004 年 6 月 22 日 根据Keith Kefgen
The Financial Accounting Standards Board is proposing a change in the way companies must account for stock options awarded to employees. Will this affect the industry and what are the alternatives?
2004 年 6 月 2 日 根据Keith Kefgen
Casino Executives Still Out-Earn Hotel Colleagues As Gap Widens Further (阅读文章)
We recently updated the HCE Hospitality Compensation Exchange© survey and found that on average, casino executives received cash compensation that was nearly double that of hotel executives.
2004 年 5 月 28 日 根据Keith Kefgen
Casino Executive Compensation by the $Millions
2004 年 5 月 24 日 根据Keith Kefgen
The Non-Executive Chairman Comes of Age (阅读文章)
The role of the non-executive chairman is often misconstrued. It is vital for companies to delineate the responsibilities of the chairman so as to avoid confusion and promote healthy governance.
2004 年 5 月 11 日 根据Keith Kefgen
Good Corporate Governance Means Good Business (阅读文章)
A great deal can be learnt from how businesses prosper by exercising corporate governance 'best practices' within their organizations. More companies must start leveraging governance requirements as a means to improve their business.
2004 年 4 月 24 日 根据Keith Kefgen
Walking the Walk - Corporate Ethics (阅读文章)
A guide for assessing your company's ethics program, or starting one.
2004 年 4 月 19 日 根据Keith Kefgen
Stock Buy-Backs Can Be Influenced by Compensation (阅读文章)
Stock buy-backs are often influenced by executive compensation issues. Directors need to review buy-back strategies to ensure proper rationale.
2004 年 4 月 1 日 根据Keith Kefgen
Corporate Governance Roundtable - 2004 Business Plan (阅读文章)
The Corporate Governance Roundtable is set forth to provide a focused and unique outlook and implementation plan on best practice governance in the hospitality industry
2004 年 3 月 11 日 根据Keith Kefgen
Building a Better Bonus Plan (阅读文章)
An answer to one of our "most frequently asked questions", and de-mystification of the construction of a working bonus program.
2004 年 3 月 4 日 根据Keith Kefgen
Ladies and Gentlemen; Our Chairman, and CEO (阅读文章)
Recommends separation of the roles of CEO, and Chairman of the Board. Compares the gaming industry in this regard to the S&P 500.
2004 年 2 月 24 日 根据Keith Kefgen与Stephen Goebel
Release of the 2003 Board of Director Compensation Report© (阅读文章)
"During our January 2004 discussion, attendees stressed the increased time and responsibility of being a public director. Pay will have to increase to attract high quality candidates." Corporate Governance Roundtable Director - Keith Kefgen
2004 年 2 月 17 日 根据Keith Kefgen
How Competent are your Directors? (阅读文章)
Best practice measures are now being developed and implemented by enlightened companies in order to regain investor confidence. It is time for the Director evaluation and nomination processes to enter the twenty-first century.
2004 年 2 月 11 日 根据Keith Kefgen
You get into a Blackjack game hoping to win every hand. Some people would argue that winning is not up to you, it is in the cards. I like to think that in today’s business environment, you create your own luck.
2004 年 1 月 15 日 根据Keith Kefgen
Sarbanes-Oxley and Beyond - Board Performance 2003 (阅读文章)
For the typical investor, corporate governance has always been cloaked in mystery and backroom intrigue. However, recent corporate scandals have prompted the SEC to launch new corporate reporting legislation, including the Sarbanes-Oxley Act....
2004 年 1 月 8 日 根据Keith Kefgen与Stephen Goebel
Is the Price of Talent Increasing? (阅读文章)
In this article, President of HVS Executive Search Keith Kefgen explains how hotel labor costs are continuing to rise despite the struggling economy.
2003 年 11 月 21 日 根据Keith Kefgen
Hospitality Compensation Exchange (文件下载)
Excerpts from Hospitality Compensation Exchange (HCE), an in-depth overview of compensation trends in the hotel industry in India
2003 年 10 月 1 日 根据Keith Kefgen
Good Times and Bad Compensation for Retaining the Best and Brightest (阅读文章)
This article addresses ways in which a company, either public or privaye can use long-term incentives, i.e. stock grant/options, or a phantom stock program to retain talented people, without having to give straight line, large salary increases.
2003 年 9 月 24 日 根据Keith Kefgen
Dot.com Makes a Comeback (阅读文章)
Change is inevitable even when it comes to investing in technology. In little more than two years after the dot.com debacle, a dot.com CEO wins our top performance award. It is a testament to a solid business plan and a commitment to a...
2003 年 8 月 7 日 根据Keith Kefgen与Brad Bloom
Does Board Performance Influence Stock Price? (阅读文章)
In this article the authors investigate whether or not companies with better performing boards produced a greater return to shareholders
2003 年 8 月 1 日 根据Keith Kefgen与Douglas M Rosen
Does the Tail Wag the IT Dog? (阅读文章)
The difficult role of CIO in today’s complex hospitality organizations
2003 年 7 月 31 日 根据Keith Kefgen
In this article, the authors discuss how the practice of ‘hedging’ has become popular during the past few down years in the stock market.
2003 年 7 月 25 日 根据Keith Kefgen与Chris Mumford
Heads, I win, Tails, I win Again (阅读文章)
It is no secret that the stock market has been unkind to investor and company executives alike. Many of the stock option packages granted to executives over the past five years are still significantly under water (where the option price is higher...
2003 年 7 月 14 日 根据Keith Kefgen
If there has been any positive effect to the recent debacles in the world of corporate governance (Tyco, Enron, Adelphia, Worldcom) it is that Wall Streeter’s and Shareholders have become “educated buyer”.
2003 年 5 月 27 日 根据Keith Kefgen
Compensation & Corporate Governance in East Asia (阅读文章)
Not to long ago Eastern Asia’s economy was lauded as a financial miracle. Foreign business leaders and academic’s admired and studied the concept of Guanxi, (cooperation through personal networking).
2003 年 4 月 18 日 根据Mark H Keith与Keith Kefgen
Liability In Executive Pay (阅读文章)
You can’t read a business magazine or newspaper today without executive compensation being hotly debated.
2003 年 1 月 29 日 根据Keith Kefgen
Quarterly Newsletter India - July 2001 (文件下载)
Asessing Your Way to the Future
2001 年 7 月 1 日 根据Manav Thadani与Keith Kefgen
Canadian Lodging Outlook May 2000 (文件下载)
Assessing Your Way To The Future
2000 年 5 月 1 日 根据Keith Kefgen
Canadian Lodging Outlook May 2000 (文件下载)
Assessing Your Way To The Future
2000 年 5 月 1 日 根据Keith Kefgen与Rosemary Mahoney Browning