What Public Companies Can Learn from Private Equity Pay Plans

• Published date: 01 September 2020
• Date: 01 September 2020
• Author: Stephen F. O'Byrne
• DOI: http://doi.org/10.1111/jacf.12425

IN THIS ISSUE:

Private Equity

and Public

Companies

VOLUME 32

NUMBER 3

SUMMER 2020

APPLIED

CORPORATE FINANCE

Journal of

8Private Equity: Accomplishments and Challenges

Greg Brown, University of North Carolina; Bob Harris, University of Virginia; Tim Jenkinson,

University of Oxford; Steve Kaplan, University of Chicago; and David Robinson, Duke University

21 Private Equity and Portfolio Companies: Lessons from the

Global Financial Crisis

Shai Bernstein and Josh Lerner, Harvard University; and Filippo Mezzanotti, Northwestern University

43 Board 3.0: What the Private-Equity Governance Model Can Oer

Public Companies

Ronald J. Gilson, Columbia University and Stanford University; and Jeffrey N. Gordon,

Columbia University

52 e Growing Blessing of Unicorns: e Changing Nature of the

Market for Privately Funded Companies

Keith C. Brown and Kenneth W. Wiles, University of Texas at Austin

73 EQT: Private Equity with a Purpose

Robert G. Eccles, University of Oxford; and Therése Lennehag and Nina Nornholm, EQT AB

87 Private Equity and the COVID-19 Economic Downturn:

Opportunity for Expansion?

David Haarmeyer

92 University of Texas Roundtable on LP Perspectives on the

State of Private Equity

Panelists: Chris Halaska, Memorial Hermann Health System; Tom Tull, Employees Retirement

System of Texas; Russell Valdez, Wafra; and Shelby Wanstrath, Texas Teachers Retirement System.

Moderator: Ken Wiles, University of Texas at Austin

100 Columbia Law School Roundtable on Public Aspects of Private Equity

Panelists: Emily Mendell, International Limited Partners Association; Chris Cozzone, Bain Capital

Double Impact; and Donna Hitscherich, Columbia Business School. Moderated by Aamir Rehman,

Columbia Business School

108 A CEO’s Playbook for Creating Long-Term Value: Ten Essential

Resource Allocation Practices

Harry M. Kraemer, Jr., Northwestern University; Michael J. Mauboussin, Counterpoint Global;

and Alfred Rappaport, Northwestern University

118 A Tale of Leadership in Value Creation

Greg Milano, Fortuna Advisors

128 What Public Companies Can Learn from Private Equity Pay Plans

Stephen O’Byrne, Shareholder Value Advisors