Trading fades from Goldman's C-suite
from S&P Global - September 14, 2018
Summary - Appointment of Stephen Scherr as CFO most recent in Goldman management changes.
Welcome to Management CV
Structured methodology to evaluate the skill and quality of management
Our Purpose
We serve the needs of professional money managers and other fiduciaries who need expert diligence and analysis on CEOs and senior executives that run public firms. We use a structured methodology to evaluate the relative quality and skill of managers, helping equity and debt investors to determine the relative risk and operating ability associated with those executives.
We work solely for our clients and have no brokerage, investment banking, or corporate finance conflicts.
Global
Our services are provided on an annual retainer basis and our clients number among the largest and most successful professional investors in the world. Clients can utilize our expertise for special diligence projects, data analysis and comparative studies of senior managers across industry and geographic regions.
Profiles
Our management profiles are renowned for their concise coverage of the key facts and figures investors need to know.
Papa John's.
(PZZA)
Spotify Technology.
(SPOT)
U.S. Foods (USFD)
Rankings
Our Management Quality Ranking system is statistically significant in forecasting relative total returns and subsequent operating results across the Russell 3000 population of investable companies.
Structured Methods
Management CV is a pioneer in applying statistical science to evaluating the skill and quality of management. Our methodology blends the historical facts of an executive’s track record with a qualitative assessment of forward-looking variables of interest to investors and lenders. Our Analysts work from structured due diligence templates to insure that they cover key issues of track records, compensation, and fiduciary risks consistently and reliably.
Fiduciaries in the investment, lending, and insurance markets can rely upon Management CV’s system to insure that they are properly, and factually, aware of the background and incentive alignments of the management teams in their portfolios. Our team lets you leverage your time efficiently and focus on what you need to know about facts that correlate to performance.
Management CV in the News
Does GE Finally Have the Right CEO?
from Barrons - June 29, 2018
Summary - General Electric (GE)—and its investors—has been let down by its chief executives. Can John Flannery finally do right by the company, which was booted from the Dow Jones Industrial Average earlier this month?
ADP CFO Jan Siegmund Plans to Leave Company
from WSJ - June 12, 2018
Summary - Automatic Data Processing Inc.'s finance chief plans to resign from his post. Jan Siegmund will remain in the role while ADP looks for a replacement, Chief Executive Carlos Rodriguez said during a meeting with investors Tuesday.
Pie in the Face for New Papa John's CFO
from CFO.com - May 14, 2018
Summary - New Papa John’s International CFO Joe Smith had been with the company for 18 years when he was tapped last month to lead finance. So, he presumably knew what he was getting into. Yet he’s got an essentially “impossible” task in front of him, according to Management CV.
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.
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.
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. .
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 .
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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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