Howard Steinberg was quoted in M&A Report on September 26 in an article about change-in-control payouts (CIC's) to executives in mergers. Due to recent acquisitions where the chairman or CEO's of companies have been given these golden parachutes of CIC's and have returned to companies, governance professionals are now revaluating the way that these payments are handled. "I think that good governance people are becoming more and more concerned with the concept of the necessity of golden parachutes, particularly as to those executives who can collect a big paycheck and continue employment," Mr. Steinberg said. In light of recent corporate scandals, corporate boards shy away from "any kind of pay package that looks like a windfall for executives," he said. "There's likely to be a moderating trend in the way parachutes are structured."