Technology Terms Glossary
What are golden handcuffs?
We can define golden handcuffs as financial incentives, such as bonuses designed and offered to keep talented workers from leaving an organization. Golden handcuffs are pretty common in industries, such as IT, where highly compensated employees are inclined to move from one organization to another. They are a tactic to motivate and retain talent.
Elements
Here are some common types of golden handcuffs:
- Example 1: Stock options
- Example 2: Insurance policies
- Example 3: Lucrative commissions
Here is a helpful article about golden handcuffs.
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Rosanne (Rosie) Brady Muschenheim is an experienced estate planning attorney practicing law exclusively in trusts, estates, business, and tax law. She studied advanced tax law by taking several courses through Boston University's LLM program. She served as the Western Region Estate Planning Consultant for Bessemer Trust Company in addition to running her own law firm. Rosie spent several years working in Silicon Valley at a prestigious law firm serving ultra high net worth clients, including Founders, Directors, and Officers at companies such as Google, Netflix, Juniper Networks, Tesla, DocuSign, Looker, Nvidia, Xilinx, and Fortinet. Rosie spent time practicing in Honolulu, Hawaii serving ultra high net worth clients, including descendants of Hawaiian royalty. While in Orange County, Rosie assisted many high net worth clients of notable fame in the entertainment industry and the manufacturing industry. Rosie started her own law firm to provide a more customized and personal service to clients than what is offered through larger law firms. Trust is essential to building client relationships, and with her own law firm Rosie is able to provide more attention and care to each client matter.
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David A.
David M. Abner is a practicing attorney with over 30 years of experience representing clients ranging from startups to Fortune 500 companies in California and Texas. Mr. Abner is currently based in Los Angeles, California, and his practice focuses on negotiating the purchase and sale of businesses; negotiating equity and debt financing agreements; drafting and negotiating revisions to a variety of commercial agreements; and investigating and responding to law enforcement and regulatory compliance investigations. Additionally, Mr. Abner has considerable experience dealing with litigation involving ownership and valuation of privately held companies. He has tried nearly a dozen cases in private practice, including cases involving breach of contract, products liability, fraud, and officer and director liability. As in-house counsel for Ashland Inc., Mr. Abner worked with business leaders daily to assess, manage and prevent a variety of legal risks that threatened the viability and profitability of products, services and customer relationships. His efforts produced results that included settling a $700M anti-trust class action lawsuit for less than $7M; assisting in closing the sale of the company’s joint venture interests in an oil and gas subsidiary; assessing and quantifying the liabilities associated with the acquisition of other businesses; and supervising Ashland’s responses to DOJ, FBI and EPA investigations. Mr. Abner has been licensed to practice law in Texas since 1993, and in California since 2012. Mr. Abner obtained his Juris Doctorate from the Dedman School of Law at Southern Methodist University in 1993, and a Bachelor of Arts degree from the University of South Carolina in 1990.
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Attorney and former in-house counsel with 15+ years of leadership and project management experience in corporate & business law, risk management, compliance, strategy, and regulatory oversight in the private and federal sectors. Primary areas of practice are corporate governance & business law, compliance & financial services regulation, transformation & change management, regulatory response & remediations, consumer regulation & employment law, and conduct / ethics & investigations at regional, large and complex corporations. My experience includes banking, payment & ecommerce regulations, trade & product law, consumer regulations, employment & labor law, contracts and privacy laws. I have extensive experience advising firms on consumer protection and regulatory law, and I have specialized experience with firms engaging in large-scale transformations and remediations. I am admitted to the Washington State Bar Association and licensed to practice law, I am a Federal Reserve System commissioned Examiner, and I am a Certified Regulatory Compliance Manager (CRCM). At Phoenix Law PLLC, I advise individual clients and provide legal and regulatory guidance, corporate counsel services, as well as strategic consulting services to businesses. I leverage my unique experience and skillset to provide innovative solutions and achieve favorable results, with the goal of empowering clients to move successfully forward. www.phoenixlawpllc.com kbrandt@phoenixlawpllc.com
Sean D.
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Matthew K.
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