# Professor David Yermack comments on top general counsels' compensation

1 Faculty News July 19, 2016 ![Bloomberg logo](/sites/default/files/styles/246w/public/assets/images/bloomberg192x144.jpg?itok=yV529lwz)>

Excerpt from [Bloomberg](https://bol.bna.com/changing-companies-top-gcs-score-big-pay-days/) -- "Graff explained that companies, in addition to paying moving expenses and real estate commissions, will sometimes pay a relocation company to buy the house the GC is leaving behind, to smooth the transition. 'It’s fairly typical,' said [David Yermack](http://www.stern.nyu.edu/faculty/bio/david-yermack), who studies executive compensation at the NYU Stern School of Business. 'You’re not gonna lose a guy you really want over moving expenses.'"

[Read more](https://bol.bna.com/changing-companies-top-gcs-score-big-pay-days/)