Greg Daugherty

Greg focuses his practice on executive compensation and employee benefits matters for publicly traded and privately held companies and nonprofit organizations. He has extensive experience assisting business owners with their succession planning needs through the implementation of employee stock ownership plans (ESOPs).

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Hurry up and wait: ERISA fiduciary rule delayed

By Greg Daugherty & Porter Wright on March 6, 2017

While it took longer than many expected, the Department of Labor (DOL) issued a proposed rule that would provide a 60-day delay to the application of the new fiduciary rule and related prohibited transaction exemptions. As we reported in our previous blog, the rule was set to impose new fiduciary obligations on those who…

IRS Limits Scope of IRC Section 162(m) Performance-Based Compensation Deduction

By Greg Daugherty on May 9, 2008

The IRS issued Revenue Ruling 2008-13 to clarify what constitutes “performance-based” compensation under Internal Revenue Code Section 162(m). This classification is important because Code Section 162(m) generally prohibits public companies from deducting compensation in excess of $1 million to the CEO and certain named executive officers. If the compensation is performance-based, however, this deduction limitation…