Press Releases

Pearl Meyer and Steven E. Hall Announce Formation
of Steven Hall & Partners, Compensation Consultants

NEW YORK, September 21, 2005 - Pearl Meyer and Steven E. Hall announce the formation of Steven Hall & Partners, a consulting firm focused solely on CEO, senior management and director compensation.

"The growing influence of board compensation committees, the critical role of CEO pay in governance and shifting criteria for rewarding senior management require an independent firm. A firm devoted exclusively to executive compensation, board remuneration and its governance, offering no other services, is the best structure for assuring objectivity. That's where we began, and we're returning to our roots," said Steven Hall, founder and partner.

Prior to forming Steven Hall & Partners, Mrs. Meyer and Mr. Hall acted as Chairman and President, respectively, of Pearl Meyer & Partners, executive compensation consultants, which they founded in 1989 and which became an operating group of Clark Consulting (NYSE:CLK) in 2000.

Steven Hall & Partners' principals have each consulted with America's CEOs and board members for more than thirty years, designing and innovating strategies that align executive and shareholder interests. "Effectively motivating corporate leaders is essential to our economy and to shareholders. We have brought together a group of consultants with the experience and independence to meet these challenges," noted Mrs. Meyer, founder, partner and one of the country's most recognized experts on CEO and director compensation.

Steven Hall & Partners' offices are located at 650 Park Avenue, New York City, telephone (212) 772-9193, fax (212) 772-9256, email [email protected].