Employee benefits and executive compensation (EBEC) are a big deal when it comes to the C-Suite of the media industry’s biggest companies.
Pryor Cashman knows this. As such, it has added an attorney in its employee benefits and pay-say department who has two decades of experience.
Joining the New York office of Pryor Cashman as a partner is Shane Stroud. He was with Hughes Hubbard & Reed, which hired him in October 2016 from Cadwalader, Wickersham & Taft.
Stroud is the seventh new lateral partner to join Pryor Cashman since February.
Specializing in all aspects of EBEC, Stroud represents both executives and employers – particularly in the media + entertainment, professional services and pharmaceutical industries – in negotiating and drafting executive employment and severance agreements, as well as advising on EBEC issues related to major mergers and acquisitions, spin-offs, IPOs, private equity and leveraged buyout transactions.
“As one of the foremost attorneys in this field, Shane will bolster our Group’s already recognized capabilities while serving as a strategic adviser both to employers and high-level talent,” said Ronald Shechtman, Pryor Cashman’s Managing Partner.
Stroud also regularly advises clients on the design and drafting of equity-based and incentive compensation plans and the implementation and design of qualified and non-qualified employee benefit plans (including health and welfare plans, 401k plans, employee stock ownership plans and supplemental executive retirement plans).
Recently, he helped advise Condé Nast on the sale of several iconic publications, including women’s fashion magazine W to Future Media Group; Golf Digest to Discovery Inc.; and Brides to digital media platform Dotdash, a subsidiary of IAC.