Corporate Executive Exit Strategies: Strategies for Success in Corporate America

By K. Thomas Hutt CFP® CPA MBA

In the book, you will find proven strategies to secure your financial future while surviving the cyclical environment of Corporate America.

“It’s critical that Executives in Corporate America not only have
an entry strategy, and performance strategy…
but most importantly Executives need an exit strategy.”
---K. Thomas Hutt, CFP®, CPA, MBA

This book provides simple strategies on how to:
• Accumulate Corporate Wealth Assets
• Develop Corporate Career Assets
• Manage Personal Finances
• Evaluate Early Buyout Offers
• Transfer Tax Deferred Assets

Each chapter is a quick-action reference guide for implementing basic financial strategies to secure your financial future.

K. Thomas Hutt is a certified financial planner and certified public accountant with over thirty years of experience in the financial-services industry. His financial advice has been featured numerous times on local television stations and in newspapers, as well as Money magazine, Black Enterprise magazine, Heart & Soul magazine, PBS’s Moneywise TV and TV One News. He is also the author of FINANCIAL CPR: 10 SIMPLE STEPS TO HEAL YOUR FINANCIAL FUTURE.

• Language: English
• Publisher: AuthorHouse
• Release date: Aug 1, 2016
• ISBN: 9781524614041

K. Thomas Hutt CFP® CPA MBA

Kevin Thomas Hutt is a certified financial planner and certified public accountant with over thirty years of experience in the financial-services industry. His financial advice has been featured numerous times on local television stations and in newspapers, as well as Money magazine, Black Enterprise magazine, Heart & Soul magazine, PBS’s Moneywise TV, and TV One News. He began his career in accounting with the national public accounting firm in Columbia, Maryland. He still serves as the firm’s partner in charge of corporate tax, accounting, and management consultation services. Kevin is founder and managing partner of Onyx Asset & Wealth Management, LLC, an independent firm specializing in private wealth management and advisory services to corporate executives, individuals with high net worth, institutions, and businesses. Kevin also consults corporate executives of Fortune 500 companies on managing their corporate careers and corporate brands. Kevin has a long-standing commitment to public service. He is a board member of Bon Secours Baltimore Health Systems. He is treasurer of the Celebration Church’s Community Development Corporation in Columbia, Maryland. He is also deputy director of Celebration Church’s Men in Ministry. In the past, he has served as chairman of the Coppin Heights Community Development Corporation in Baltimore, Maryland; as treasurer of the Coppin State University Development Foundation in Baltimore, Maryland; and as a member of the Parents’ Leadership Council of American University, Washington, DC. Kevin is a graduate of St. Louis University, where he received his bachelor science in accounting. He received a master of business administration in finance from Morgan State University. Kevin is married and has three children, a stepson, and two grandchildren. You can contact Kevin at: Kevin T. Hutt, CFP®, CPA, MBA Email: [e-mail] Web: onyxasset.com

Book preview

Corporate Executive

Exit Strategies

Strategies for $uccess in Corporate America

K. Thomas Hutt, CFP®, CPA, MBA

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AuthorHouse™

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Bloomington, IN 47403

www.authorhouse.com

Phone: [phone]

© 2016 K. Thomas Hutt, CFP®, CPA, MBA. All rights reserved.

No part of this book may be reproduced, stored in a retrieval system, or transmitted by any means without the written permission of the author.

Published by AuthorHouse 12/19/2018

ISBN: 978-1-5246-1405-8 (sc)

ISBN: 978-1-5246-1404-1 (e)

Library of Congress Control Number: 2016909708

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Because of the dynamic nature of the Internet, any web addresses or links contained in this book may have changed since publication and may no longer be valid. The views expressed in this work are solely those of the author and do not necessarily reflect the views of the publisher, and the publisher hereby disclaims any responsibility for them.

Contents

Introduction

1 Think Forward

2 Accumulate Corporate Wealth Assets

3 Develop Career Assets

4 Manage Life Style

5 Evaluate Buyout Offers

6 Transfer Tax-Deferred Assets

7 The Next Frontier

Appendix

A Executive Compensation

B Incentive Compensation

C Early Retirement Offers

D Protecting 401(k) Retirement Assets

E Sudden Retirement

F Manage your Psychological Portfolio

G 5 Life Lessons from CEOs

Case Studies

A Early Retirement Offer: Near Retirement

B Early Retirement Offer: Not Near Retirement

C Buyout Offer: Company Downsize

Afterword

About the Author

To The American Worker

Introduction

The Game — Corporate America

In the world of professional sports, the most serious action doesn’t occur on the playing field but off the field—in the front office. Team owners and general managers are constantly reassessing a team’s players: performance measures, injuries, salary requirements, incentive bonuses, and player alternatives. Professional athletes are talent assets, subject to being traded and dealt by team owners and general managers like pieces on a chess board. This is the nature of the game—professional sports. Some professional athletes, while phenomenal on the field, fail to master the game of professional sports off the field. They don’t consider that eventually their professional sports careers will come to an end.

A few fortunate athletes have some say-so in the matter, but more often they don’t. Many believe they will be playing for their current team for the foreseeable future. Why not? They had a great season. Why would they expect to be traded; be asked to renew their contract at less favorable terms; have to compete with the new draft pick for their position; or even worse, be released from the team? Sadly, many never contemplate an exit strategy.

I submit to you that the careers