Cost vs Value: companies and their managers
Cost and value are two different things. Such a simple statement, but it hides an essential truth which is so often ignored when we look at company performance and weigh up management talent.
Simon Patterson
In my work with companies around the world, the goal of our clients is consistent: to help reinvent rewards programmes that are closely aligned to the organisation’s long-term business strategy, to drive shareholder value, and to help senior executives flourish in their leadership roles.
Biography
Simon Patterson is a managing director and head of the firm’s London office. He is actively engaged as advisor to the remuneration committees of several FTSE 100 companies and consults widely on executive compensation, incentive compensation design, and performance measurement.
Prior to Pearl Meyer, he founded Patterson Associates with a stream-lined team focused on delivering business results by linking remuneration and reward systems to business needs and increasing returns for shareholders. Prior to that, Mr. Patterson was the worldwide partner in charge of executive compensation in Mercer’s London office and the co-founder of SCA Consulting in Europe.
Mr. Patterson holds a BSc (Hons) from University College London and an MBA from the Anderson School of Management at UCLA.
Education
- Incentive Compensation Design
- Executive Pay
- Remuneration Governance
- Strategic Reward
- International Board Advisor
Expertise
- BSC, University College London
- MBA, Anderson School, University of California, Los Angeles
Latest Knowledge Hub articles from Simon
2022 Supplemental CEO Value Index
We have created a 2022 Supplemental CEO Index report which looks at only the current FTSE100 and re-calculates the Index over a 4 year period up to the end of 2022.
The 2022 UK CEO Value Index
Published annually since 2012, the CEO Value Index aims to provide a unique insight into pay-for-performance. Our database allows us to understand how Remuneration Committees invest in their top executives, and the lessons learned.
Incentive Compensation, Bitcoin and Beyond: same as always, just warp speed
Not surprisingly, our work in this area of remuneration and incentive design has grown at a rapid rate. The purpose of this article is to look at the implications of the ever changing digital world on incentive compensation design.
Simon's latest blog posts
Keeping up to date: the Financial Reporting Council’s new Consultation
As you read around the subject of ‘improved transparency’, ‘greater disclosure’ and so forth, below, spare a thought for those poor put-upon search firms trying to find management talent for growing UK companies.
"What the heck is a NED?"
I was training one of our junior members of staff, and she asked what a Non-Executive Director (NED) does, and why? I thought this question was worth addressing.
The CEO Value Index - in response to the recent FT article on CEO pay
Exactly last week the Financial Times has published an article by an experienced journalist entitled “Eye-popping executive pay rewards [are] luck, not managerial wizardry”. What do we think about this? Should CEOs earn what they do? and why?
Will millennials change executive pay
You are more likely to have celebrated with a chocolate bunny than a visit to your local church. If you are less than 30 years old, you may not even know where that church is. Is the same true of capitalism?
The Canary in the Coalmine
I raise the subject of the canary because it has great relevance to incentive compensation design. It will most likely signal the beginning of yet another economic cycle, just as the failure of Boo.com did on 18th May 2000...
Neovation - Reward Forward - Corinthia, London February 28th 2023
Simon Patterson chaired the 2023 Neovation Event
Neovation Conference 2023
On Tuesday 28th February 2023, starting at 9am, the Neovation Conference will be held at the Corinthia Hotel, London.
The Night Shift
I am an advisor to Boards on executive pay and, as such, I am used to seeing people earning ‘big bucks’. On this occasion, though, I want to shine a light on the role of people who aren’t - in this example, an emergency doctor.