Flexible executive staffing has become a strategic management tool, according to Imcor, a unit of Interim Services Inc., also based in Stamford. But the interim execs are careful about who they do business with. And even in these IPO-crazed times, they aren't necessarily looking to be paid in stock. Stock is nice, but good old American greenbacks are the compensation of choice. Paying cash, even a small amount, brings financial discipline to the enterprise, the experts say.
Technology is so hot, everybody and their mother is willing to take equity.
But I'm very careful with whom I choose to do that. I think it's important for a start-up to pay some cash. Despite the easy arrangement, the working relationships between new companies and temporary executives aren't without pitfalls. Clients don't always take the advice, despite the pricey fees they're paying. Other clients may constantly second-guess the interim executive's decisions.