May 24, 2002

For Presidents and Boards, a Handshake Is No Longer Enough

By JULIANNE BASINGER

An age-old tradition dies as contracts become the norm for chief executives

Five years into her presidency at Rollins College, Rita Bornstein found herself sitting face to face with her board chairman, trying to figure out how best to

ALSO SEE:

Getting It in Writing

IRS Penalties for 'Excess Benefits' to Presidents