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A Masterclass On Hiring A CEO To Run Your Company ft. Andrew Wilkinson
My First Million
Structuring CEO Compensation Packages
When negotiating a CEO compensation package, it is recommended to make the first offer based on what you are willing to pay and the candidate's worth. Tailor the package based on the individual's experience, such as offering a higher variable and lower base for potential talents and matching the market rate for established professionals. Emphasize total compensation rather than base salary, ensuring alignment between pay and performance by linking bonuses to specific achievements. Consider uncapped bonuses for exceptional performance. Instead of stock options, propose equity where the CEO invests personally or through a loan, enabling alignment of interests with the success of the company.
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