Own Up by Global Shares: Recent Episodes
Global Shares
Own Up is a Global Shares podcast all about equity compensation and employee ownership. Hosted by industry experts and long-time friends, Chris Dohrmann and John Bagdonas. Own Up takes a deep dive into the ever-changing equity landscape, examining the latest business trends – and what this means for your equity.From the post-pandemic economy to the gender equity pay-gap, Chris and John share their wealth of knowledge on the industry’s hottest topics and are joined each week by a leading equity expert from some of biggest names in business.
As market volatility continues and IPOs (Initial Public Offering) and M&A (Mergers & Acquisitions) activity ramp up, executives face critical decisions about their vesting stock plans. From insider trading rules to transaction restrictions and regulatory hurdles, the stakes are high - especially for those transitioning from startup environments.
Tune in to the latest episode of the Prosperity at Work podcast, where we break down what you and your executives should be aware of.
In this episode, you’ll discover:
· How market volatility impacts vesting and sales windows
· Strategies for deciding what to do with vested stock
· Why 10b5-1 planning is more important than ever
· The evolving role of AI in executive education
Don’t miss out on insights from Bob Fritz, Head of Executive Advisory, J.P. Morgan Private Bank and Chris Dohrmann, Strategic Partnerships at Workplace Solutions that can help you make informed decisions in 2026 and beyond.
This podcast contains general information only and J.P. Morgan Workplace Solutions is not, through this article, issuing any advice, be it legal, financial, tax-related, business-related, professional or other. This podcast is not a substitute for professional advice and should not be used as such. J.P. Morgan Workplace Solutions does not assume any liability for reliance on the information provided herein.
IPO readiness is one of the key themes at this year’s J.P. Morgan Healthcare Conference in San Francisco. Transitioning to public markets is naturally rooted in financial fundamentals, but what does it take to prepare the people driving this, the founders, senior executives and talent base? How can they best prepare for the personal liquidity that comes from vesting – and what are some of the unique challenges facing healthcare sector companies planning to IPO in 2026?
Sam Quinn, Head of East Healthcare Practice for J.P. Morgan Private Bank and Chris Dohrmann, Strategic Partnerships for Equity Plan Services, J.P. Morgan Workplace Solutions, join host Ankur Nanda on our Prosperity at Work podcast to share their insights on the potential pitfalls and opportunities.
Among the topics discussed are:
· Passion v planning: How founder focus on growing their business can sometimes lead to their neglecting personal financial needs
· Tax planning for incentive stock options
· Food and Drug Administration (FDA) approvals, blackout periods and trading windows
· The importance of starting IPO conversations early and engaging with the right stakeholders
This podcast contains general information only and J.P. Morgan Workplace Solutions is not, through this article, issuing any advice, be it legal, financial, tax-related, business-related, professional or other. This podcast is not a substitute for professional advice and should not be used as such. J.P. Morgan Workplace Solutions does not assume any liability for reliance on the information provided herein.
Global employee equity: Navigating local rules, tax and complexity for mobile employees
Employee mobility went mainstream during the pandemic years and continues to be a reality of the modern working world. No longer something that affects only executives, the term digital nomad is more and more relevant across all employee tiers.
Advances in technology benefitting tax authorities, and the need to keep up-to-date with changing tax laws and reporting requirements have added complications for HR, payroll and equity award administrators.
With that in mind, global stock plan professional and Rutlen Associates LLC Partner Marlene Zobayan joined us on the Prosperity at Work podcast, where she and host Chris Dohrmann took a deep dive into what can be a challenging area for companies.
Among the topics discussed were:
- Where are your executives based and how are you tracking this
- Attitudes of US states and other countries towards mobility and equity-related tax collection
- How technological advances make it easier for tax authorities to detect non-compliance
- Best practices for companies
- Digital nomads and associated issues
Listen now!
This publication contains general information only and J.P. Morgan Workplace Solutions is not, through this article, issuing any advice, be it legal, financial, tax-related, business-related, professional or other. This publication is not a substitute for professional advice and should not be used as such. J.P. Morgan Workplace Solutions does not assume any liability for reliance on the information provided herein.
The information provided in this podcast is intended for informational and educational purposes only; it is not intended as an offer for any specific product or service.Rutlen Associates LLC is not affiliated with JPMorgan Chase & Co. The podcast contains the views of a J.P. Morgan employee, which may differ from the views of J.P. Morgan Chase & Co., its affiliates and employees. The views and strategies described may not be appropriate for everyone. Certain information was obtained from sources we believe are reliable, but we cannot verify the accuracy of the content and we accept no responsibility for any direct or consequential losses arising from its use. You should carefully consider your needs and objectives before making any decisions. For specific guidance on how this information should be applied to your situation, you should consult a qualified professional.
This podcast contains general information only and J.P. Morgan Workplace Solutions is not, through this article, issuing any advice, be it legal, financial, tax-related, business-related, professional or other. This podcast is not a substitute for professional advice and should not be used as such. J.P. Morgan Workplace Solutions does not assume any liability for reliance on the information provided herein.
Financial year-end can be a chaotic time for stock plan admins. There’s always a long list of things to do, with never enough time for everything and potential pitfalls lurking around every corner… but it doesn’t have to be that way.
Equity professional Georgina Lai, who has previously led equity programs at Pinterest, Reddit and Instacart, and worked on Meta’s (formerly Facebook) transition from private to public, joins host Chris Dohrmann on our Prosperity at Work podcast to share insights on how to take the pain out of year-end prep.
Among the topics discussed are:
· The importance of reliable data
· Working effectively with all internal stakeholders
· Staying on top of regulatory requirements
· Being as organized as possible
· The challenges associated with administrating plans across multiple countries
The information provided in this podcast is intended for informational and educational purposes only; it is not intended as an offer for any specific product or service. Georgina Lai is not affiliated with JPMorgan Chase & Co. The podcast contains the views of a J.P. Morgan employee, which may differ from the views of J.P. Morgan Chase & Co., its affiliates and employees. The views and strategies described may not be appropriate for everyone. Certain information was obtained from sources we believe are reliable, but we cannot verify the accuracy of the content and we accept no responsibility for any direct or consequential losses arising from its use. You should carefully consider your needs and objectives before making any decisions. For specific guidance on how this information should be applied to your situation, you should consult a qualified professional.
This podcast contains general information only and J.P. Morgan Workplace Solutions is not, through this article, issuing any advice, be it legal, financial, tax-related, business-related, professional or other. This podcast is not a substitute for professional advice and should not be used as such. J.P. Morgan Workplace Solutions does not assume any liability for reliance on the information provided herein.
Special guest Dexter Tang, International Equity Compliance and Operations Lead at Google joins host Chris Dohrmann on our Prosperity at Work podcast to discuss insights from his career leading employee equity programs.
From his origins in the world of tax and accounting to managing international compliance and operations for one of the world’s largest companies, Dexter addresses a range of interesting topics including:
- The importance of having a global mindset
- How being a tough customer can help people to better serve their own customers
- Why being curious and excited about tax and compliance is important
- Dealing with emerging trends
- Leveraging AI and automation to create efficiencies
This publication contains general information only and J.P. Morgan Workplace Solutions is not, through this article, issuing any advice, be it legal, financial, tax-related, business-related, professional or other. J.P. Morgan Workplace Solutions’ Insights is not a substitute for professional advice and should not be used as such. J.P. Morgan Workplace Solutions does not assume any liability for reliance on the information provided herein.
The information provided in this podcast is intended for informational and educational purposes only; it is not intended as an offer for any specific product or service. Google is not affiliated with JPMorgan Chase & Co. The podcast contains the views of a J.P. Morgan employee, which may differ from the views of J.P. Morgan Chase & Co., its affiliates and employees. The views and strategies described may not be appropriate for everyone. Certain information was obtained from sources we believe are reliable, but we cannot verify the accuracy of the content and we accept no responsibility for any direct or consequential losses arising from its use. You should carefully consider your needs and objectives before making any decisions. For specific guidance on how this information should be applied to your situation, you should consult a qualified professional.
This podcast contains general information only and J.P. Morgan Workplace Solutions is not, through this article, issuing any advice, be it legal, financial, tax-related, business-related, professional or other. This podcast is not a substitute for professional advice and should not be used as such. J.P. Morgan Workplace Solutions does not assume any liability for reliance on the information provided herein.
Ever wonder how the insights of psychology into the workings of the human mind might be applied to developing an effective communications strategy to promote your employee equity compensation plan? If so, you’re in luck…
Guest Jeff Kreisler, Head of Behavioral Science with J.P. Morgan Private Bank joined host Chris Dohrmann on our Prosperity at Work podcast to discuss that very topic, leading to a wide-ranging conversation on understanding human nature and how best to connect with employees when looking to encourage equity plan participation.
Among the topics discussed are:
- The importance of knowing your audience
- Speaking to the needs of your audience
- Avoiding unnecessary jargon and acronyms wherever possible
- The importance of timely prompts/nudges
- Common mistakes people make about their own finances
- The significance of the three Cs – Community, Competence and Control
Listen now!
The information provided in this podcast is intended for informational and
educational purposes only; it is not intended as an offer for any specific
product or service. The podcast contains the views of a J.P. Morgan employee, which may differ from the views of J.P. Morgan Chase & Co., its affiliates and employees. The views and strategies described may not be appropriate for everyone. Certain information was obtained from sources we believe are reliable, but we cannot verify the accuracy of the content and we accept no responsibility for any direct or consequential losses arising from its use. You should carefully
consider your needs and objectives before making any decisions. For specific
guidance on how this information should be applied to your situation, you
should consult a qualified professional.
This publication contains general information only and J.P. Morgan Workplace Solutions is not, through this article, issuing any advice, be it legal, financial, tax-related, business-related, professional or other. This publication is not a substitute for professional advice and should not be used as such. J.P. Morgan Workplace Solutions does not assume any liability for reliance on the information provided herein.
This podcast contains general information only and J.P. Morgan Workplace Solutions is not, through this article, issuing any advice, be it legal, financial, tax-related, business-related, professional or other. This podcast is not a substitute for professional advice and should not be used as such. J.P. Morgan Workplace Solutions does not assume any liability for reliance on the information provided herein.
You might assume that all C-suite executives know every detail of their equity compensation package and are fully on top of their long-term financial planning. In fact due to their demanding positions these execs often don’t have the time or mental bandwidth to track every detail and nuance of their equity awards. That’s why providing assistance and support is so important.
Bob Fritz, Head of Executive Advisory at JP Morgan Private Bank joined our Prosperity at Work podcast hosts Chris and Lauren for a wide-ranging conversation.
Among the topics discussed are:
· Guiding executives and helping them decision making
· How ‘three stages’ of an executive career relates to equity compensation and broader financial planning
· The impact equity compensation can have on an executive’s retirement
· Timing issues around stock options
· RSUs or stock options
· How to help executives educate themselves on their equity
Listen now!
This podcast contains general information only and J.P. Morgan Workplace Solutions is not, through this article, issuing any advice, be it legal, financial, tax-related, business-related, professional or other. This podcast is not a substitute for professional advice and should not be used as such. J.P. Morgan Workplace Solutions does not assume any liability for reliance on the information provided herein.
In this special episode, we take an in depth look at the period leading up to an Initial Public Offering (IPO) and what CEOs, CFOs and HR people should be considering - and why it’s never too early to get started.
Joe Notaro, Accounting Advisory Partner, Forvis Mazars and John Bagdonas, J.P. Morgan Workplace Solutions explore:
- The Initial Public Offering (IPO) process
- Plotting out your financial reporting journey
- The importance of getting audit ready
- Preparing your employee equity compensation plan
This podcast contains general information only and J.P. Morgan Workplace Solutions is not, through this article, issuing any advice, be it legal, financial, tax-related, business-related, professional or other. This podcast is not a substitute for professional advice and should not be used as such. J.P. Morgan Workplace Solutions does not assume any liability for reliance on the information provided herein.
In this month’s episode, our host, Lauren Jenkins, hosts a panel discussion to dive into the findings of our 2024 trends in equity compensation report.
Our guests include:
- Jorge Martin Head of North America, J.P. Morgan Workplace Solutions
- Ryan Shreero Executive Services, J.P. Morgan Workplace Solutions
- Jackson Vaught Participant Engagement, J.P. Morgan Workplace Solutions
- Nancy Romanyshyn SD, Total Rewards Strategy & Solutions, Syndio
Our guests explore:
- Today’s trends and key challenges in executive compensation structures
- Talent retention and incentives for companies to offer employee share plans
- Communication and education strategies for your equity programs
- Emerging trends in pay transparency and a look to 2025
This podcast contains general information only and J.P. Morgan Workplace Solutions is not, through this article, issuing any advice, be it legal, financial, tax-related, business-related, professional or other. This podcast is not a substitute for professional advice and should not be used as such. J.P. Morgan Workplace Solutions does not assume any liability for reliance on the information provided herein.
What impact will A.I. have on employee equity compensation plan management in 2025? At the risk of spoilers, big changes are coming down the line.
Guests Charese Smiley, Executive Director, Artificial Intelligence Research, and Travis Dingledine, Executive Director in Product, Workplace Solutions, join Chris and Lauren on our first episode of the new year to fill us in on how A.I. might change the game this year, including:
· Ways to use A.I. as an admin support
· Large language models (LLMs) supporting customer service
· A.I. as a helper to execs managing their comp
· Data security and A.I.
Listen now!
This podcast contains general information only and J.P. Morgan Workplace Solutions is not, through this article, issuing any advice, be it legal, financial, tax-related, business-related, professional or other. This podcast is not a substitute for professional advice and should not be used as such. J.P. Morgan Workplace Solutions does not assume any liability for reliance on the information provided herein.
Will 2025 be the year that A.I. changes everything for HR workers? Will pay transparency blow the lid off recruitment secrecy? Was our co-host Chris right about any of his predictions for 2024? Find out in this special, end-of-year episode of Prosperity At Work.
In this episode you’ll learn about:
- The possible impacts of A.I. on the coming year
- Pay transparency’s move into the mainstream
- Cybersecurity’s new central role
- Data privacy and Securities and Exchange Commission (SEC) oversight in 2025
Listen now!
Download our 2024 Trends in Equity Compensation Report now.
This podcast contains general information only and J.P. Morgan Workplace Solutions is not, through this article, issuing any advice, be it legal, financial, tax-related, business-related, professional or other. This podcast is not a substitute for professional advice and should not be used as such. J.P. Morgan Workplace Solutions does not assume any liability for reliance on the information provided herein.
Diversity, equity, and inclusion (DEI) is one of the key issues facing industries today. Increasing numbers of companies are actively looking to create a more level playing field when it comes to pay and opportunity with particular attention being paid to the role equity compensation can play in promoting workplace fairness.
With close to three decades of experience in human resource management, Stefan Gaertner, Partner and Global People Analytics Lead with professional services specialists Aon, is ideally positioned to speak on how companies can best look to tackle DEI-related within their own organization, and he does that and more here in a wide-ranging conversation with hosts Chris Dohrmann, Executive Director, Strategic Partnerships, and Lauren Jenkins, VP, Head of Executive Participant Servicing.
Among the topics discussed are:
- The importance of being data-driven
- What sectors show most awareness around DEI
- The role of CEOs and boards in driving initiatives
- The gender pay gap and the adjusted gender pay gap
- Employee equity compensation & DEI programs
Download our 2024 Trends in Equity Compensation Report now.
This podcast contains general information only and J.P. Morgan Workplace Solutions is not, through this article, issuing any advice, be it legal, financial, tax-related, business-related, professional or other. This podcast is not a substitute for professional advice and should not be used as such. J.P. Morgan Workplace Solutions does not assume any liability for reliance on the information provided herein.
Pay transparency is going mainstream, with legislation either already in place or soon to be introduced across the United States, Europe, and beyond. This trend brings with it far-reaching implications for companies in terms of the openness required on their employee compensation practices.
With that in mind, pay transparency specialist Nancy Romanyshyn, Senior Director, Total Rewards Strategy and Solutions with Seattle-based analytics software company Syndio, joins hosts and J.P. Morgan Workplace Solutions’ own Chris Dohrmann, Executive Director, Strategic Partnerships and Lauren Jenkins, VP, Head of Executive Participant Servicing, for a deep dive on where we are now, where we’re likely to go from here and how companies need to respond.
Among the topics addressed are:
· Pay transparency - it’s about more than posting salary ranges when advertising open positions
· Recognizing and embracing these new and continually evolving requirements
· How transparency is changing the design of pay programs
· How company size can impact on disclosure requirements
· The implications for employee equity compensation
· Operating in multiple US states and/or countries where different standards may apply
· Current rules in the US vs EU
This podcast contains general information only and J.P. Morgan Workplace Solutions is not, through this article, issuing any advice, be it legal, financial, tax-related, business-related, professional or other. This podcast is not a substitute for professional advice and should not be used as such. J.P. Morgan Workplace Solutions does not assume any liability for reliance on the information provided herein.
Financial reporting requirements arising from employee equity compensation can be both demanding and time-consuming for companies, particularly for large concerns operating in multiple jurisdictions and likely facing different rules, regulations, and filing deadlines.
Sharing her experience and that of her company in staying on top of reporting as a large international business, Lily Anne Nueva Espana, Director of Global Accounting with Coupang, a South Korea-based e-commerce company with an international presence, joins hosts and J.P. Morgan Workplace Solutions’ own Chris Dohrmann, Executive Director of Strategic Partnerships, and Lauren Jenkins, VP, Head of Executive Participant Servicing, for a wide-ranging conversation, focusing on several related issues, including:
· Adhering to dual accounting standards
· How reporting obligations change as a company goes from private to public
· Disclosures related to roll forward of shares
· Tracking garden leave, leave of absence and their impact on vesting awards
· Her three essentials for adding relevant data to the online system
· The importance of effective communication with stakeholders
This podcast contains general information only and J.P. Morgan Workplace Solutions is not, through this article, issuing any advice, be it legal, financial, tax-related, business-related, professional or other. This podcast is not a substitute for professional advice and should not be used as such. J.P. Morgan Workplace Solutions does not assume any liability for reliance on the information provided herein.
What is financial wellness and how does it relate to equity compensation?
A common challenge facing companies launching an equity compensation plan is employees lacking sufficient financial knowledge to fully understand what is being proposed. So, when an organization such as Stanford sets up a program to offer Financial Education to students, it should be recognized.
In the latest episode of Own Up Chris Dohrmann and John Bagdonas are joined by special guest, Manager of the Mind Over Money Financial Wellness Program at Stanford University, Danial Khan, to tackle one of the most important financial skills you need to learn; how to ensure your own financial wellness.
Are you focused on how to get the best out of your employees and achieve your business objectives? If so, now may be the time for you to explore the possibilities around equity compensation in your workplace.
In the latest episode of Own Up, Chris Dohrmann is joined by guests Erin Fraser, VP of Business Development, Global Shares a J.P. Morgan company and Joanna Phillips, VP, ESOP Builders to take you through all you need to know about how employee ownership can help your company succeed and grow.
Are you considering granting equity awards to PEO employees?
Don’t miss the latest episode of Own Up with Christopher J. Dohrmann and guests Marlene Zobayan Partner Rutlen Associates LLC and Jon F. Doyle Managing Shareholder International Law Solutions as they discuss the pros and cons of granting equity awards to PEO employees.
Find out if engaging with a PEO could be the right move for your business, and, if so, how you can get started.
Extending an equity compensation package to executives in any company does not end with simply signing over shares. There are considerations such as insider trading liabilities, the handling of material non-public information and protecting against negative reputational damage that need to be taken into account. With strict regulation to be followed, for HR departments and Rewards & Benefits teams it is a complex situation, one that needs to be managed correctly.
Taking a look at the rules surrounding these topics and giving an introduction into the world of Executive Services, Ryan Shreero, Executive Director of Executive Services at JP Morgan, joins regular hosts and Global Shares colleagues Chris Dohrmann, SVP of Strategic Partnerships and John Bagdonas SVP of Business Development to discuss the biggest challenges faced by executives today, 10b5-1 plans and more.
The New Year is always a good time to take stock.
With some many interesting developments having happened across the equity compensation industry in recent years, including Pay versus Performance, and pay transparency, we thought it was the perfect time to get some of our most experienced Own Up commentators together to discuss their predictions for 2024, in terms of emerging trends and incoming regulatory changes to watch closely, including:
- Mergers and Acquisitions in 2024
- The end of the ‘Great Resignation’
- How AI could impact HR and total compensation
- Further calls for pay transparency in compensation
- Whether markets will continue to see volatility
Erin Fraser, VP Business Development for Global Shares, a J.P. Morgan company, leads a conversation with Global Shares colleagues Chris Dohrmann, SVP of Strategic Partnerships and John Bagdonas Senior Vice President of Business Development, to talk about the ever evolving space of equity compensation and their predictions for the 2024 market.
Do you have an SAYE scheme?
If so, you may have heard about the recent updates introduced by the HMRC that impact Capital Gains Tax (CGT) and Bonus Tax Rates – as well as the announcement of more changes coming in 2024.
What does this mean for you and your participants?
Some participants may receive CGT tax bills for the first time, while others may receive higher bills than before. Meanwhile, the change in Bonus Tax Rates may yield higher returns for some.
In this episode, Darren Smith, Head of Business Development UK & Ireland for Global Shares, a J.P. Morgan company will be joined by Zoe Denny-Thomas, Senior Consultant & Equity Communications Practice Leader EMEA, for AON to talk through the specifics of the updates, their likely effects, and the importance of an effective communication plan to give your participants the information they may need.
The topics discussed include:
- Specifics on the reduced CGT exemption limit and implications for share plan participants
- The possibilities around using ISAs to help shelter individuals from potentially higher CGT bills
- The return of the bonus rate for SAYE plan participants
- What the changes mean to Sharesave plans and SIPs
- How companies can look to inform participants on these changes
- What effects, if any, the updates are likely to have on employee enthusiasm for share plan participation
SEC’s pay vs performance rule was first proposed back in 2015 – and after struggling for a number of years to make any progress, it was finally reopened in January 2022 and officially adopted in August 2022 in a 3-2 vote.
In broad terms, the ruling requires companies to disclose executive compensation payments and actual company financial performance.
However, it’s a lot more complex than it sounds and it’s expected that many issuers will have to spend a significant amount of time on their filings.
In our latest episode, we aim to dig deep into Pay versus Performance so our listeners can have a clear understanding of what is expected of them when they are preparing their proxy statements.
What we cover
- 03:30 – Profitability and implementation timelines
- 05:31 – The new Pay vs Performance table
- 07:28 – Compensation actually paid vs summary compensation numbers
- 12:09 – Fair value vs. Intrinsic value.
- 15:46 – What’s next for the new reporting rules?
- 18:02 – A better understanding of the time frame.
- 20:01 – How the new pay vs performance rules impact executive pay
About our guest
Terry Adamson is a Partner with Infinite Equity and a Fellow of Global Equity (FGE).
Terry began his love affair with stock-based compensation over 20 years ago applying actuarial disciplines to minimize the accounting cost of employee equity under ASC718, while also maximizing the perceived value to participants. Terry became one of the premiere experts on Performance Share programs and gained the nickname “Mr. Relative TSR”. Terry continues to focus on performance equity, and the mission to tighten the alignment between pay and performance.
Terry is very active in the equity community and has formerly served on the FASB Round Table on Employee Share Options and on the Executive Advisory Committee of the NASPP. Terry currently serves as the Chairperson of the Advisory Board of the Certified Equity Professional Institute (CEP) and the Society of Actuaries taskforce on stock option valuation.
Contact and more information
- Terry Adamson LinkedIn
- Infinite Equity
Information provided in this podcast is intended for informational and educational purposes only. Guests on the Own Up podcast may not be affiliated with JP Morgan Chase & Co. The podcast contains the views of a JP Morgan employee, which may differ from the views of JP Morgan Chase & Co., its affiliates and employees. The views and strategies described may not be appropriate for everyone. Certain information was obtained from sources we believe are reliable, but we cannot verify the accuracy of the content and we accept no responsibility for any direct or consequential losses arising from its use. You should carefully consider your needs and objectives before making any decisions. For specific guidance on how this information should be applied to your situation, you should consult a qualified professional.
Between record levels of inflation and on-going market volatility, it can be hard to predict what will happen in the coming months. So as companies all over the world gear up to face the looming recession, we’re focusing on what you need to know to get your compensation strategy ready.
Joining us to share insights on what’s to come is Principal of Semler Brossy, Michael Gorski.
Michael is an expert in performance measurement and goal-setting, equity and incentive plan design, equity plan authorizations, and benchmarking of pay levels and practices.
TOPICS WE DISCUSSED INCLUDE
- How you can prepare for an economic recession
- New factors are affecting compensation
- Latest ESG observations
- Shareholder expectations on pay levels
- Challenges around attracting and retaining top-level talent
ABOUT OUR GUEST
Michael Gorski is a prinicipal with Semler Brossy Consulting Group in Los Angeles.
His 15 years in the executive compensation industry has seen him work extensively across all industries, with both public and private compensation structures, including pre-IPO transitions.
Prior to joining Semler Brossy in 2012, Michael was Director of Professional Services at Equilar Inc., the leading provider of corporate leadership data solutions. Michael joined Equilar in 2007 as a research analyst after graduating from the University of California at Berkeley with a B.A. in Applied Mathematics (Economics).
CONTACT AND RELEVANT LINKS
Michael on Linkedin
https://www.linkedin.com/in/michael-gorski-80866a8/
Semler Brossy Website
https://semlerbrossy.com/
The information provided in this podcast is intended for informational and educational purposes only; it is not intended as an offer for any specific product or service. Semler Brossy is not affiliated with JPMorgan Chase & Co. The podcast contains the views of a J.P. Morgan employee, which may differ from the views of J.P. Morgan Chase & Co., its affiliates and employees. The views and strategies described may not be appropriate for everyone. Certain information was obtained from sources we believe are reliable, but we cannot verify the accuracy of the content and we accept no responsibility for any direct or consequential losses arising from its use. You should carefully consider your needs and objectives before making any decisions. For specific guidance on how this information should be applied to your situation, you should consult a qualified professional.
What do you do if a disaster impacts the well-being of your employees and in turn your business?
With an uncertain world and a rocky economic future ahead of us, employee financial wellness has quickly become a top priority for organizations of all shapes and sizes around the world. Interest in this area has skyrocketed during and post-COVID-19. In today’s podcast, we look at employee relief funds to discover if they are good for business, by offering assistance to troubled employees, who then return to work healthier and more productive.
Helping us through this is Holly Welch Stubbing, President and CEO at E4E Relief. This is an employee relief fund which has advanced relief and stakeholder impact to hundreds of thousands of individuals worldwide, providing over $300m in grants over the past three years.
TOPICS WE DISCUSSED INCLUDE
- How E4E was born from 911 & benefits it brought during COVID-19
- Why employers use E4E as a valuable benefit for their employee base
- From hurricanes to war, examples where the scheme kicks in
- The tax efficiency aspects of the program
- The global reach of the relief fund
- The results which show the success of the scheme in numbers
- One key advantage that sets E4E apart
ABOUT OUR GUEST
Holly Welch Stubbing is a visionary and entrepreneurial leader advancing business impact & investments in social enterprise. She has deep experience in fundraising and product management and has built out a strong technology enterprise to support E4E Relief's growth.
At Foundation For The Carolinas, she led growth in assets from $180M to over $3B in assets and $850M in deferred gifts in her tenure there. Together with her team, she has created proprietary, tax-efficient products for business owners to make gifts of equity or other interests in their privately owned businesses. Holly developed ESG and impact investing pools for clients of the Foundation and oversaw the Foundation's investment team and portfolio operations for the institution. She also built and led the legal, risk and government affairs functions.
Holly is a thought leader in ESG, philanthropy and corporate social responsibility and speaks on the topics of ESG investment portfolios and strategies, CSR strategies, philanthropy and social enterprise and tax-exempt legal matters. She is a nationally-recognized leader in nonprofit tax matters and has served on key trade organization boards plus public policy committees representing nonprofits and philanthropy on the Hill.
CONTACT AND RELEVANT LINKS
- Holly on Linkedin: https://www.linkedin.com/in/hwelch/
- E4E Website: https://employeerelieffund.org/
Attracting and retaining employees is key to any business, which is why an Employee Stock Purchase Plan (ESPP) works so well. With their own stake in the company, people deliver better performance and for longer. But how can you make ESPP a simple, tax-effective and cashless process?
Cally Bruce is an expert in the area with a gift for explaining ESPP in a way we can all understand. She works with Carver Edison, the award-winning NYC-based fintech company, who are committed to propelling the next generation of financial wellness.
TOPICS WE DISCUSSED INCLUDE
- Three benefits of financially inclusive plans
- How to incentivize more employees without cost-prohibitive payroll deductions
- Why it works for the company (and the employees)
- Can employees make thousands of dollars virtually risk-free
- How to make your ESPP ‘cashless’
- Does this work for start-ups or large-caps? Is it for private or public companies?
- How long does it take to see the success of the plan
ABOUT OUR GUEST
Cally Bruce has worked with Fortune 500 companies throughout the world to help them provide industry-leading financial wellness solutions for their employees. She has helped FinTechs in the EU and US with their GTM strategies including American Express, JP Morgan Chase, Disney, Barclays, and more.
Today she is Chief Revenue Officer with Carver Edison whose patented ‘Cashless Participation’ technology helps employees to invest in the success of the companies they work for.
CONTACT AND RELEVANT LINKS
Cally (Calista) Bruce on Linkedin:
https://www.linkedin.com/in/calista-bruce-61029616/
Carver Edison:
https://carveredison.com
Webinar Video:
https://www.globalshares.com/academy/webinar-cashless-espp-carver-edison/
In this episode, we dive into the world of corporate governance and share ownership guidelines. It’s a noble and effective tool in the corporate governance arsenal but many aspects of maintaining these programs can be painful.
Geoff Hammel has faced all the problems and has the solutions on how to get it right, first time, and without the headaches. He shares the pain points observed during his own in-house experience and the solutions he has developed to cure reliance on inefficient manual processes & sub-optimal participant engagement.
TOPICS WE DISCUSSED INCLUDE
- How Geoff found out how challenging share ownership guidelines can be
- What are the common problems people encounter
- How to get away from spreadsheets and easily automate calculations
- Why taking friction out of your system can hold executives more accountable
- What is Equity Abacus
- Is this a US only concept or is it global
- Why share ownership guidelines are so important in a volatile market
- What is the cost of getting it wrong
- Which are the common mistakes companies make with share ownership
- The No.1 question asked by executives about stock options
ABOUT OUR GUEST
A former Big 4 Consultant and Fortune 500 HR Leader, Geoff Hammel has spent his career at the intersection where executive compensation design meets operational reality. He is the CEO of Equity Abacus, a software company on a mission to simplify the burdens of corporate governance and especially share ownership guideline administration.
CONTACT AND RELEVANT LINKS
Geoff Hammel on Linkedin:
https://www.linkedin.com/in/geoff-hammel-70983a9/
As we approach the halfway mark of another busy year, we’re taking stock of everything that has happened in the world so far – some of it was expected, and some was definitely not.
Joining us to look at the current state of affairs in different regions around the world is partner at White and Case, Henrik Patel.Henrik is Global Head of White & Case's Employment, Compensation and Benefits practice and he has vast experience advising clients on the full spectrum of executive compensation and employee benefits issues.
Henrik has worked with private and public companies from all over the world to solve challenging compensation and benefits issues, including corporate governance matters and best practices, executive compensation plan design, efficient tax structuring, employment contracts and equity incentive compensation arrangements.
Topics discussed:
- US - Utah privacy laws
- China - Changes in recent trends and the complexity surrounding equity awards there
- UK - Private equity style deals being exported from the US
- Inflation - How will inflation impact things internationally, including your stock plan KPIs
Last year was a record year for IPOs. According to data from Nasdaq, there was over 1,000 new listings in 2021 alone, and an 85% increase in capital raised last year compared to 2020. Although 50% of this capital was fueled by SPACs, it was still a standout year, beating records last seen during the dot-com bubble.
These are topics that no doubt need to be tackled by experts, so to help us simplify this complex subject are Ben Cohen and Brittany Ruiz, who are both partners at Latham and Watkins.
Ben is a nationally recognized corporate lawyer who handles a broad array of high-profile and innovative capital markets, as well as other financial transactions including IPOs, direct listings and SPACs.
Brittany represents issuers and underwriters in complex, high-profile equity and debt offerings, and she handles transactions on behalf of globally recognized brands, major investment banks, and private equity firms. She also has vast experience helping companies to go public.
TOPICS WE DISCUSSED INCLUDE
● Major types of routes to going public and/or providing liquidity to employees
● Review of the growing call for early liquidity
● The Pros and Cons of Direct Listing
● What the ramp-up to direct listing entails
● Early lockup releases
● And some key lessons
CONTACT AND RELEVANT LINKS
Ben Cohen: https://www.linkedin.com/in/benjamin-j-cohen/
Brittany Ruiz: https://www.linkedin.com/in/brittany-ruiz-3929858/
As the world gets used to remote working, many organizations are not prepared. Issues from responsibility for home offices to data security are still being ironed out. An even greyer area is issues arising around where remote workers are taxed or how equity grants should be most effectively handled.
These are tricky situations and complicated questions, particularly around tax and regulation. To help us explore this relatively new and evolving topic is tax and equity expert Marlene Zobayan.
Described as ”a walking encyclopedia for all local and international tax-related topics”, Marlene is a Partner at Rutlen Associates Consulting Firm. She has worked with Deloitte and PwC and is on the CEPI advisory board.
She is recognized as a highly respected professional in the equity compensation world and was awarded an Individual Achievement Award from the National Association for Stock Plan Professionals in 2009.
TOPICS WE DISCUSSED INCLUDE
- New statistics showing long term effects of the pandemic on remote working
- What you should consider in future remote work policies
- What you need before you even being forming a policy
- How fast you should roll out a work policy and who do you start with
- How prepared are the tax authorities right now
- The effect on employees, or even whole organizations, who move from high-tax to low-tax states or countries
- The one thing you must do now if you haven’t already
CONTACT AND RELEVANT LINKS
Marlene Zobayan on Linkedin:
https://www.linkedin.com/in/marlenezobayan/
Realtor Survey Discussed:
https://www.bankrate.com/real-estate/moving-data-shows-exit-from-cities/
Employees who are paid less for the same job don't get to finish the day earlier. So, what can we do about it?
As we continue the conversation we started in episode 3, we are joined by Carver Edison's Chief Revenue Officer, Cally Bruce, who believes the answer lies with compensation education and transparency across all aspects of the recruitment and onboarding process.
Cally works directly with issuers and plan administrators to spur the modernization of Employee Stock Purchase Plans through Carver Edison’s proprietary technology, Cashless Participation®. She also oversees Carver Edison's marketing initiatives and participant support.
According to the Bureau for Labor Statistics, women earn only 82% of what men earn.
And it doesn’t stop there. In terms of equity, women on average receive 15% - 30% less equity-based awards than men.
It’s a problem that needs to be urgently addressed, but how can individual companies begin to tackle this issue?
Associate Partner and the East Coast Practice Leader with Aon Equity Services, Amanda Benincasa Arena joined Chris Dohrmann and John Bagdonas to discuss what needs to be done, namely addressing systemic cultural issues within organizations.
Kicking off Own Up, Chris Dohrmann and John Bagdonas are joined by industry vet, Terry Adamson, otherwise known as Mr. Relative TSR, to discuss how the equity landscape has been shaped by the pandemic over the last 18 months.
The pandemic brought about change, both good and bad. While some companies have been quick to adapt by adjusting their performance metrics to be more flexible and accessible, others have struggled against the growing need to close the equity pay-gap, which has never been so wide.
With 2022 right around the corner, Chris and John called upon attorney and partner at PwC, Jennifer George to share her insights on what to expect in the next 12 months for tax and legislation – and most importantly, what this means for your equity.
From potential changes in Capital Gains Tax, a rise in employee migration, and possible SALT deductions, to the future of the traditional IPO and the emergence of new remote working policies, Chris, John and Jennifer leave no stone unturned in their look ahead.
Welcome to Own Up by Global Shares.
Join Chris Dohrmann and John Bagdonas as they take a deep dive into the ever-changing equity landscape, examining the latest business trends and what they mean for your equity. From the post-pandemic economy to the gender equity pay-gap, Chris and John will share their wealth of knowledge on the industry’s hottest topics and will be joined each episode by a leading equity expert from some of biggest names in business.