In the following guest post, Partners Gregory T. Grogan and Jeannine McSweeney, and Associate Jake Phillips of the Simpson Thacher law firm take a look at key issues employers should consider when contemplating compensation reductions for employees and non-employee directors during the COVID-19 pandemic. A version of this article was previously published as a Simpson Thacher client memorandum. I would like to thank the authors for their willingness to allow me to publish their article as a guest post on my site. I welcome guest post submissions from responsible authors on topics of interest to this blog’s readers. Please contact me directly if you would like to submit a guest post. Here is the authors’ article.
Continue Reading Guest Post: COVID-19 Considerations for Employee and Director Compensation Reductions