CSX Chief’s Death Prompts Tough Questions About Move to Hire Him
from WSJ - December 17, 2017
Summary - CSX Corp. hired the renowned railroad turnaround artist Hunter Harrison in March with much fanfare and investor support, despite concerns about his undisclosed illness. Now, that decision has backfired, leaving one of the biggest U.S. railways with a depleted leadership team in the midst of a restructuring.
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What's Eating Bill Ackman?
from Institutional Investor - December 13, 2017
Summary - After years of losses, a hedge fund iconoclast ponders his future. Management CV CEO Renny Ponvert comments.
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ADP Needs a New CFO, Says Research Firm
from CFO.com - September 18, 2017
Summary - In rebutting Bill Ackman's call for a new CEO of ADP, Management CV suggests the problem is in the finance chief's office. .
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These companies spent over $1 billion buying back shares while their CEOs were dumping them
from MarketWatch - July 26, 2017
Summary - Investors might want to consider why top executives are at odds with their companies’ share-repurchase programs .
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Why you might want to avoid these 30 dividend stocks
from MarketWatch - July 20, 2017
Summary - Management CV gauges financial and management performance to anticipate which companies might cut their dividends.
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Precarious Dividends You Never Knew About
from Barron's - July 14, 2017
Summary - Management CV compiled a list of 29 "precarious dividend payers" in the S&P 1500. You might be surprised by some of the names that made the cut.
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10 of the Best-Managed Public Companies
from U.S. News - June 12, 2017
Summary - When investors
evaluate a company, quantitative measures, like profit growth
or how one dividend compares to another, typically come to mind.
But a qualitative intangible, such as how good a company's
management is, is harder to assess.
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CSX Holders Vote to Pay Through the Nose
for Rainmaker CEO Harrison
from The Street - June 5, 2017
Summary - The vast majority
of shareholders of CSX on supported an unusual and controversial
one-time $84 million payment related to the recent appointement of
of the railroad giant's chief executive, Hunter Harrison. Management CV
suggested that CSX has set itself up for future disappointment with
Harrison as CEO.
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Ralph Lauren CEO Pay Package 'Extravagant'
-- Market Talk
from Dow Jones Headline - May 22, 2017
Summary - The pay package
of Ralph Lauren's (RL) new CEO is "extravagant," Management CV
says. The research firm estimates Patrice Louvet, who will join
Ralph Lauren as CEO in July from Procter & Gamble (PG), has a
total pay package worth $25M.
See attached pdf
The Big Number: 2.3
from WSJ - July 12, 2016
Summary - Companies that
hired a CFO with experience in the same industry outperformed
a broad index of U.S. companies by an average 2.3 percentage
points in shareholder returns during the year ended June 30,
according to Management CV Inc.
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HPQ: We Bleed Toner
from IRP Journal - November 24, 2015
Summary - Last week's
split of Hewlett Packard into two separate but essentially
equally sized firms (HPQ & HPE) is all good for long
term investors but HP, Inc is the better entity for long
term shareholders.
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Hershey's CFO Choice Wasn't Sweet,
Research Firm Says
from CFO.com - August 27, 2015
Summary - Patricia
Little's lack of food-industry and M&A experience could
bite the company, says Management CV.
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4 Quality Teams Likely to
Outperform
from IRP Journal - May 6, 2015
Summary - We are in the
midst of the annual proxy season for U.S. companies and it
is a time that juxtaposes huge CEO compensation plans with
sub-par operating performance. Exceptions often prove rules
and we identify four CEOs and their management teams that
have delivered on key elements of superior and sustainable
management quality: track record, compensation alignment,
capital allocation, and personal stock ownership in their
firms.
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Some Companies Alter The Bonus
Playbook
from WSJ - February 26, 2014
"It's a dominant
practice," said Renny Ponvert, chief executive and director
of research at Management CV, which provides research on
corporate executives.
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Beware Superstar CEOs
from Forbes - December 2, 2014
The high-profile outside
hire plays well in the media and gives shares a boost, but
the effect is fleeting. Americans love stars. Celebrities,
athletes, politicians and, yes, corporate executives. Nearly
20% of the 3,000 largest publicly traded companies in the
U.S. change their CEO or CFO in a typical year, and the
chance to put a big name in the C-suite is alluring to
corporate boards, says Renny Ponvert, the founder and chief
executive of Management CV, a firm that analyzes management
teams and executive changes for a client base of
institutional investors. One of the biggest mistakes boards
can make is reaching outside company ranks for a big-name
executive who turns out to be a poor fit.
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