Latest news with #BradJacobs
Yahoo
04-08-2025
- Business
- Yahoo
The Difference Between CEO and Employee Pay at 10 S&P 500 Companies
Chief executive officers (CEOs) famously make the big bucks, particularly if they're spearheading a large corporation. The highest-paid CEOS, like Brad Jacobs of QXO, Inc. and Peter Gassner of Veeva Systems Inc. make close to $200 million, respectively, per year. That's quite extreme and not at all common, but the pay gap between many CEOs of S&P 500 companies and their employees is astonishing. Check Out: Read Next: Research from the American Federation of Labor & Congress dug into the data and found that in 2024, the average CEO-to-worker pay ratio for S&P 500 companies was 285-to-1. It's highly worth noting that the median annual pay for U.S. employees in 2025 is $62,192 and that the median worker pay for all of these jobs is below — in some cases drastically — that number. 10. Carrier Global Corp CEO: David Gitlin Median worker pay: $51,001 Pay ratio between CEO and median worker: 1,289:1 Explore More: 9. Carnival Corp CEO: Josh Weinstein Median worker pay: $16,854 Pay ratio between CEO and median worker: 1,398:1 8. Yum! Brands Inc CEO: David Gibbs Median worker pay: $17,160 Pay ratio between CEO and median worker: 1,440:1 7. TJX Cos Inc CEO: Ernie Herman Median worker pay: $15,002 Pay ratio between CEO and median worker: 1,565:1 6. Western Digital Corp CEO: David Goeckeler Median worker pay: $10,726 Pay ratio between CEO and median worker: 1,649:1 5. Ross Stores Inc CEO: James G. Conroy Median worker pay: $9,602 Pay ratio between CEO and median worker: 1,770:1 4. Coca-Cola Co CEO: James Quincey Median worker pay: $14,144 Pay ratio between CEO and median worker: 1,980:1 3. ON Semiconductor Corp CEO: Hassane El-Khoury Median worker pay: $15,580 Pay ratio between CEO and median worker: 1,998:1 2. Aptiv PLC CEO: Kevin Clark Median worker pay: $9,052 Pay ratio between CEO and median worker: 2,072:1 1. Starbucks Corp CEO: Brian Niccol Median worker pay: $14,674 Pay ratio between CEO and median worker: 6,666:1 More From GOBankingRates Clever Ways To Save Money That Actually Work in 2025 This article originally appeared on The Difference Between CEO and Employee Pay at 10 S&P 500 Companies Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Globe and Mail
21-07-2025
- Business
- Globe and Mail
QXO Appoints Michael DeWitt as Chief Procurement Officer
QXO, Inc. (NYSE: QXO) today announced that Michael DeWitt has been appointed chief procurement officer, effective immediately. DeWitt will lead the company's procurement transformation as QXO scales to become the tech-enabled leader in the $800 billion building products distribution industry. DeWitt joins QXO after eight years as vice president of international spend management at Walmart International, where he was responsible for $10 billion of purchasing and digital transformation across 18 countries. He brings nearly three decades of experience in procurement innovation across multiple industries and continents. Brad Jacobs, chairman and chief executive officer of QXO, said, 'Michael has redefined what best-in-class procurement looks like. He's driven billions in savings, pioneered the use of AI in sourcing and built global teams that outperform. With his leadership, we expect to unlock significant value through procurement as we scale our platform.' At Walmart, DeWitt spearheaded the adoption of next-generation procurement technologies, including autonomous negotiation systems and AI-powered sourcing tools. His initiatives more than doubled annual savings in three years, while fostering a culture of innovation across Walmart's global footprint. Previously, as chief procurement officer of Highmark Health, he managed $8 billion in spend across five lines of business, establishing industry-leading performance benchmarks in procurement ROI. Earlier, he held senior sourcing leadership roles at Bayer, MEDRAD, Hewlett Packard and other global manufacturers. He began his career in logistics and inventory management in the U.S. Air Force. About QXO QXO is the largest publicly traded distributor of roofing, waterproofing and complementary building products in the United States. The company plans to become the tech-enabled leader in the $800 billion building products distribution industry and generate outsized value for shareholders. QXO is targeting $50 billion in annual revenues within the next decade through accretive acquisitions and organic growth. Visit for more information.
Yahoo
05-07-2025
- Business
- Yahoo
Jim Cramer on QXO: 'You Got a Pretty Darn Good Story'
QXO, Inc. (NYSE:QXO) is one of the 25 stocks Jim Cramer recently shared insights on. Cramer said that housing stocks could benefit from the Big Beautiful Bill and mentioned the stock, as he remarked: 'So if the Senate's version of the Big Beautiful budget Bill, which makes the mortgage reduction permanent, ends up passing, then it's obvious you should be buying the housing stocks because this market is run by Captain Obvious and you can get ahead of Captain Obvious. Throw in that there's a buyer of anything housing related, a vehicle called QXO run by Brad Billionaire Jacobs, hostile or not, and you got a pretty darn good story.' A portfolio manager analyzing a stock chart, seeking to find the right investments. QXO (NYSE:QXO) supplies a wide range of roofing, siding, waterproofing, and building materials, serving contractors, distributors, and suppliers. During the June 26 episode of Mad Money, Cramer praised the company's CEO. He said: 'I am going with Brad Jacobs. He's the Houdini of people. He's a billion… how to make a billion. Makes a billion when he walks down the street. He makes a billion when he looks out the window. I want to be in his billionaire train.' While we acknowledge the potential of QXO as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None. Sign in to access your portfolio
Yahoo
01-07-2025
- Business
- Yahoo
QXO turns attention elsewhere as Home Depot nabs GMS
-- Home Depot's agreement to acquire building products distributor GMS, Inc. for $110 per share in cash has prompted Brad Jacobs-led QXO Inc. (NYSE:QXO) to shift its focus to other targets, according to a person familiar with the matter. QXO is currently evaluating several alternative acquisition opportunities, it was relayed. On June 18th, QXO, fresh off its $11 billion cornerstone acquisition of Beacon Roofing Supply (NASDAQ:BECN), made a surprise all-cash offer of $95.20 per share for GMS. The next day, the Wall Street Journal reported that Home Depot (NYSE:HD) was preparing its own bid. Rather than entering a bidding war, QXO chose to remain disciplined with its price and is seen walking away from the deal. QXO aims to become the leader in the $800 billion building products distribution industry, targeting $50 billion in annual revenue over the next decade through a mix of strategic acquisitions and organic growth. Founder Brad Jacobs has a long track record of building multibillion-dollar public companies, including United Waste, United Rentals (NYSE:URI), XPO, and its spin-offs GXO and RXO. 'As expected, it does not appear QXO entered a bidding war for GMS, remaining disciplined on its offer price,' Wolfe Research analyst Trevor Allinson wrote in a note to clients Monday. He added that QXO is actively pursuing multiple acquisition targets and intends to expand into three to four industry verticals. Allinson also suggested the sector could evolve into a 'two-horse race' between QXO and Home Depot as both firms look to consolidate larger assets. To support its ongoing acquisition strategy, QXO raised nearly $2 billion last week through a public stock offering, bringing its cash war chest to over $7 billion. While Home Depot may have won GMS, QXO remains committed to its rollup strategy and is expected to announce its next deal in the near future. Shares of QXO are trading up 4% in afternoon trading on Monday. Related articles QXO turns attention elsewhere as Home Depot nabs GMS - source JPMorgan says Tesla demand weakness likely continued in second quarter BofA adds SAP stock to Top 10 EMEA ideas for Q3 Melden Sie sich an, um Ihr Portfolio aufzurufen.
Yahoo
30-06-2025
- Business
- Yahoo
Jim Cramer on QXO: 'I am Going With Brad Jacobs'
QXO, Inc. (NYSE:QXO) is one of the 11 stocks that Jim Cramer recently commented on. A caller asked if it was a good time to start a position in the stock or if they should hold off. Cramer replied: 'I am going with Brad Jacobs. He's the Houdini of people. He's a billion… how to make a billion. Makes a billion when he walks down the street. He makes a billion when he looks out the window. I want to be in his billionaire train.' A construction site with workers wearing hard hats and safety vests, installing roofing materials. QXO (NYSE:QXO) supplies a variety of building materials, including roofing systems, siding, waterproofing solutions, insulation, and construction tools. The company provides asphalt, metal, wood, and tile roofing, as well as exterior and interior building components. Tsai Capital stated the following regarding QXO, Inc. (NYSE:QXO) in its Q4 2024 investor letter: 'We initiated a position in QXO, Inc. (NYSE:QXO) at approximately $11 per share. Under the leadership of Brad Jacobs, the company is in the early stages of executing a bold plan to consolidate and disrupt the $800 billion building products distribution industry. Having previously invested in two of Brad's highly successful ventures, United Rentals and XPO Logistics, Tsai Capital is excited to support his latest endeavor. While we acknowledge the potential of QXO as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None.
