We compared CEO compensation for the PLM Software sector. PTC (ticker: PTC) CEO Jim Heppelmann is the group outlier as his compensation is 3x the group average and 4x that of the CEO of the largest company in the group (by market value), Autodesk (ticker: ADSK) CEO Andrew Anagnost. See below for additional detail. https://soundcloud.com/ceorater
Category: Corporate Governance
When a company Founder & CEO whom owns 14% of the company's equity pays himself $211 million (the approximate equivalent of one quarter's revenue), it sends the wrong message to the management team and employees (not to mention shareholders). Perhaps if Paycom Software (ticker: PAYC) were doubling Revenues and EBITDA each year for five or … Continue reading CEO Compensation Ought To Tightly Align With Company Performance
SPACs simply are not investor-friendly. Never mind that SPAC sponsors collect a 20% fee. Most of the 2020-2021 SPAC class consists of CEOs that are not public market-ready nor are their companies. Most SPAC companies are venture-stage companies masquerading as seasoned public companies. Many are pre-revenue or at the early stages of revenue generation (profits … Continue reading Investors Will Be Left Holding The Bag When The SPAC Party Ends
We are introducing CEORater's initial CEO Risk Report ("CRR") which may be accessed at the end of this note. (Readers who access this note via email will be required to click the "read more" button in order to access the report). CEORater's CRR details companies and CEOs that CEORater believes carry elevated risk, primarily within … Continue reading CEORater CEO Risk ReportPremium
Salesforce (tkr: CRM) president and Chief Operating Officer Bret Taylor may soon succeed company founder Marc Benioff as Chief Executive Officer. That's the rumor as reported by a number of news outlets this week. If true, Taylor's operating experience - particularly on the product side (Taylor was Salesforce's Chief Product Officer prior to becoming COO … Continue reading Is Salesforce COO Bret Taylor The Company’s Next CEO?
The Committee on Banking, Housing and Urban Affairs is holding its confirmation hearing for Gary Gensler as SEC Chairman (link HERE). Gensler will need to demonstrate that he will be tough on individuals and companies that violate capital market integrity. We are confident that Mr. Gensler understands the relevant questions to ask (even if Senator … Continue reading We Are Taking A “Show Me” Approach To Gary Gensler As SEC Chairman
Last night it was reported that M&T Bank (tkr: MTB) would acquire People's United (tkr: PBCT) for more than $7 billion. These "scale" acquisitions between regional banks simply delay the inevitable. What is required is the hard work of evolving business models and service delivery capabilities. More of the same won't suffice. Regional banks are … Continue reading Banks Need To Try Something New
We believe that when company's explicitly state their values it becomes easier to attract talent that is aligned with the company. Ambiguity around employee performance expectations is minimized when corporate values are clearly stated. This transparency is necessary in order for a company to achieve its full operating potential. Below we provide several example of … Continue reading Corporate Value Transparency Paves The Way For High Performance Companies
We have been consistently critical of Boeing's (tkr: BA), Board of Directors and CEO David Calhoun (links to those articles below). Should Boeing's Board decide to replace Mr. Calhoun (it ought to replace itself first), we recommend that the Board look to the IT Services industry for a replacement CEO. The airplane design and manufacture … Continue reading Boeing Should Look To The IT Services Industry For A New CEO
MicroStrategy (tkr: MSTR), founder and CEO Michael Saylor has consistently promoted Bitcoin for the past year plus. There is hardly a business network nor crypto-dedicated YouTube channel that hasn't had Mr. Saylor on to promote Bitcoin as MSTR has stockpiled more of the digital currency than any other public company. So what about MSTR's core … Continue reading Is Michael Saylor Running A Software Company Or A Bitcoin Fund?