Only 12 Percent of Top 50 Global Tech Companies Show Stock Price Gains 2007-2009
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Result: Execs with Underwater Stock Options Jump Back into Job Market
NEW YORK--(Business Wire)--
CTPartners, the performance-based executive search firm, today released an
analysis of the stock prices of the Top 50 global technology companies. Only six
of the Top 50, or twelve percent, have shown gains in share value from June 29,
2007 to June 30, 2009.
According to Wes Richards, a Partner in the company`s Redwood City office in
Silicon Valley, "The data explains the exodus of highly talented technology
executives from companies where they had held their ground during the recession.
They stayed, hoping for a rebound in time to recoup some value from underwater
stock options."
But now, Richards says, "These executives are back in play, leaving behind the
stock options they once thought would fund new businesses or, ultimately, their
retirement. We have rarely seen so much highly credentialed talent on the market
all at the same time."
The numbers speak for themselves, says Richards. The six global companies whose
share values have risen over the two-year period:
Company Name Revenue Stock Symbol 6/29/2007 6/30/2009 Difference
($ million)
SANYO Electric Co., Ltd. 20,981.8 SANYY $ 8.00 $ 12.62 57.75 %
Apple Inc. 32,479.0 AAPL $ 122.04 $ 142.43 16.71 %
Oracle Corporation 22,430.0 ORCL $ 19.71 $ 21.42 8.68 %
Quanta Computer Inc. 24,971.5 QUCO $ 7.33 $ 7.96 8.57 %
Research In Motion Limited 11,065.2 RIMM $ 66.60 $ 71.09 6.65 %
QUALCOMM Incorporated 11,142.0 QCOM $ 43.39 $ 45.20 4.17 %
Six companies with major share value price declines during the same period:
Company Name Revenue Stock Symbol 6/29/2007 6/30/2009 Difference
($ million)
Flextronics 30,948.6 FLEX $ 10.80 $ 4.15 -61.57 %
International Ltd
Motorola, Inc. 30,146.0 MOT $ 17.70 $ 6.63 -62.54 %
Xerox Corporation 17,608.0 XRX $ 18.48 $ 6.48 -64.94 %
Jabil Circuit, Inc. 12,779.7 JBL $ 22.07 $ 7.42 -66.38 %
L-3 Communications Corporation 14,901.0 LVLT $ 5.85 $ 1.51 -74.19 %
Nortel Networks Corporation 10,421.0 NRTLQ $ 24.05 $ 0.04 -99.82 %
Richards concluded, "Equity in the form of options has been an enormously
meaningful way to attract and retain talent, especially in technology companies.
The crackdown on options backdating and the recession that has depressed stock
prices has taken its toll. Strong executives can`t wait any longer for value
that may never return. They are in great demand by companies that understand
what a great talent pool this situation has created and can offer strong
incentives."
Full data available upon request.
CTPARTNERS
CTPartners is the performance-driven executive search firm serving clients
across the globe. Committed to a philosophy of true partnership with clients,
the firm offers a proven record in C-Suite, top executive, and board searches,
as well as expertise serving private equity and venture capital firms.
With origins dating back to 1980, CTPartners serves clients with a global
organization of more than 300 professionals, offering unparalleled expertise in
technology, media and telecom, financial services, life sciences, professional
services, retail, industrial and Board Advisory Services.
CTPartners` focus is simple: Place the right executive in the chair. Proof
positive of CTPartners` ability to get the job done is its 78% placement rate in
2008. With searches typically taking about 132 days to complete, 90% of
placements were completed on average in 107 days. Furthermore, independent
post-placement research reveals an industry-high stick rate of 90% for 2008.
These statistics are believed to be the best in the executive search industry.
Methodologies used include state-of-the-art technology, such as ClientNet, a
password-protected extranet service that renders a search transparent and
facilitates client communications. Other tools include Candidate Central, which
shortens the recruitment cycle by efficiently engaging candidates; and the
40-day Audit processes.
Headquartered in New York, CTPartners has offices in Bogotá, Boston, Caracas,
Cleveland, Columbia, Geneva, Hong Kong, Lima, London, Mexico City, Miami, Paris,
Redwood City, Santiago, São Paulo, Shanghai, Singapore, and Washington, D.C.
www.ctnet.com
CTPartners
Jennifer Silver, 617-316-5527
617-335-7814
jsilver@ctnet.com
OR
Media First Public Relations
Anita Buchanan, 978-821-9877
anita@m1pr.com
Copyright Business Wire 2009
http://www.businesswire.com/news/home/20090817005185/en
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