In this episode of Hiring to Firing, hosts Tracey Diamond and Emily Schifter are joined by Josh Gelfand, Troutman Pepper Locke partner from the firm’s Employee Benefits and Executive Compensation practice group, to break down the nuts and bolts of executive employment agreements through the lens of high-profile college football coach departures. Using real-world examples — including Jimbo Fisher’s record-breaking $76 million buyout from Texas A&M, Mel Tucker’s for-cause termination at Michigan State following misconduct allegations, and LSU’s ultimately unsuccessful attempt to fire Brian Kelly for cause — the conversation unpacks how provisions like termination for cause, good reason resignations, severance structures, and equity arrangements play out when the stakes are highest. Tune in to gain practical insights into how these contract terms are negotiated, drafted, and disputed, and what lessons everyday executive agreements can draw from the headlines.
Joshua Gelfand
Josh focuses his practice on advising public and private companies, and private equity clients, in financial and strategic merger and acquisition transactions and executive compensation matters, as well as assisting asset management clients with the structuring, implementation, and administration of carried interest and “phantom” carried interest programs.
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Current Executive Compensation Trends in Private Equity Transactions
By Joshua Gelfand & Michael Crumbock on
Posted in Podcasts
In this installment of our Employee Benefits and Executive Compensation Considerations in Mergers and Acquisitions podcast series, Troutman Pepper Partners Joshua Gelfand and Michael Crumbock discuss current executive compensation trends and issues in the private equity M&A space, including employment contracts, severance, and equity compensation.