Jeff Pasek, Diane Thompson, Anne Green, and Michael Corgan wrote an article about what a Joe Biden administration would look like for companies. The prospect of an administration under Democratic presidential nominee Joe Biden has prompted companies and executives to begin planning for significant changes affecting a host of executive employment issues. A likely increase in individual and corporate tax rates offers opportunities for significant savings for changes implemented between now and year-end. Executives and corporate compensation committees can get out in front of these changes by evaluating and possibly taking preemptive action. Anticipated government initiatives in other areas, dependent in part on which party controls the U.S. Senate, could upend current arrangements ranging from noncompete agreements to restructured benefits, and deferred compensation strategies to new diversity and inclusion initiatives.
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