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Maher puts his name to his claim

Call me cynical but I have fond memories of other breathless scoops over the years extolling the virtues of other corporate warriors who were going to leverage the resources of other large American firms to change the London legal landscape. The scoops then moved quickly to excoriate the US management and then the corporate warriors themselves as promises failed to materialise and the warriors were seen to be the expensive, self-obsessed, men of clay they really are. Closed compensation systems don't really exist in the world of the large public company (which GT should be hoping to emulate in governance terms). Not being open between your partners on remuneration smacks of being unable (or too scared) to level the playing field and assimilate your new hires as effectively as possible. Maher will have gone in on a set of financial promises against which he will be remunerated; whether GT have had the sense to add some behaviours-based factors into this remains to be seen.

18-Jun-2009

5:19 pm