Finnegan, Ryan

Joe Penko counsels public and private clients on a broad array of executive compensation and employee benefit matters.

Joe's practice focuses on compensation and benefits arrangements in the context of corporate transactions (including mergers and acquisitions, financings, and public offerings), the design and implementation of various compensation and benefit arrangements, the SEC rules governing executive compensation disclosure, and corporate governance matters relating to compensation practices. Joe also regularly advises clients regarding tax planning with respect to the Internal Revenue Code Section 409A rules regulating deferred compensation, the $1 million cap on executive pay, and the tax penalties imposed on golden parachute payments.

Specific recent transactions include Goodrich Corporation in its merger with United Technologies, The Timken Company in its acquisition of Philadelphia Gear Corp., Cabot Corporation in the sale of its Supermetals business to Global Advanced Metals, Procter & Gamble in the creation of a consumer health care partnership with Teva Pharmaceutical Industries, and The Lubrizol Corporation in its sale to Berkshire Hathaway.

Prior to joining Jones Day, Joe was an associate in the executive compensation and benefits group at a major international law firm in New York City.