Financial information is not a typical topic in my articles. However, in a spirit of diversity in the thinking process, I’d like to pick up such an unusual topic for today’s article – to compare CAD vendors CEO compensation.
The trigger for this discussion was Yahoo News article – Is Altium Limited’s (ASX:ALU) CEO Pay Justified? Read the article and draw your opinion. Here is a passage:
According to our data, Altium Limited has a market capitalization of AU$4.0b, and pays its CEO total annual compensation worth US$1.6m. (This is based on the year to June 2018). While we always look at total compensation first, we note that the salary component is less, at US$500k.
Yahoo article makes a comparison of Altium CEO to other companies with similar financial benchmarks. My PLM twisted mind went off to the tangent – how to compare Altium CEO compensation with other CAD companies CEO compensations. Here are few data points I found.
Former Autodesk CEO – Carl Bass
The following article from Salary.com gives you some information about Autodesk CEO compensation – Executive compensation:
As Former Chief Executive Officer and President at AUTODESK INC, Carl Bass made $8,061,605 in total compensation. Of this total $57,500 was received as a salary, $0 was received as a bonus, $0 was received in stock options, $5,673,104 was awarded as stock and $2,331,001 came from other types of compensation. This information is according to proxy statements filed for the 2018 fiscal year.
Dassault Systemes Vice Chairman and CEO – Bernard Charles.
According to Bloomberg, Bernard Charles’ total annual cash compensation for 2017 was €2,742,75. Total calculated annual compensation including stock options was €15,788,120. Check more here.
What is my conclusion? I think to be the CEO of a public company is not a simple job. I had a privilege to meet all these CEOs and work for some of these companies in the past and I’m sure they are working very hard. And I think money is not the number one reason they do this job. Just my thoughts…
Best, Oleg
Disclaimer: I’m co-founder and CEO of OpenBOM developing cloud-based bill of materials and inventory management tool for manufacturing companies, hardware startups, and supply chain. My opinion can be unintentionally biased.
