Latest news with #Gassner
Yahoo
7 hours ago
- Business
- Yahoo
Valley Kitchen: Shrimp, grits, or lemon ricotta blueberry pancakes
BOARDMAN, Ohio (WKBN) – A local restaurant's second location, open just a few months, has exploded in Boardman. Valley Kitchen on Route 224 has a massive menu with a full bar and incredible breakfast and lunch entrees, whether you want sweet or savory. 'On the sweeter side, we have the lemon ricotta blueberry pancakes. We start fresh every day with our lemon ricotta pancake mix. We have a fresh lemon curd, fresh blueberries, and we top it all with whipped cream. This is a very big seller here at Valley Kitchen at both Boardman and Hermitage,' said Valley Kitchen General Manager Rachel Gassner. 'A little more on the savory side, we have our shrimp and grits. Shrimp freshly cooked along with bacon, peppers, onions, and we serve a side of Thai sauce with grits made in-house every day.' The Roasted Beet salad and variety of skillets are also big draws at Valley Kitchen. 'Fresh spring mix, pistachios, beets, feta cheese, Granny Smith apples, onions, and dried cranberries served with your dressing of choice, but most people like our white balsamic on that. You can add grilled chicken, blackened chicken, fresh shrimp,' said Gassner. 'We offer a wide variety of skillets. Our Chorizo Lime skillet. It has Chorizo sausage in there. There's corn, there's peppers, eggs of your choice, and it comes with our fresh bread, either multigrain, white rye, or a biscuit and a lime on the side.' If you've never tried Valley Kitchen's stuffed French toast, you're truly missing out. 'Our Strawberry Nutella stuffed French toast is three pieces of French toast with Nutella in the middle,' said Gassner. 'Our in-house housemade strawberry glaze, whipped cream, and topped with fresh strawberries.' Valley Kitchen also offers healthier dishes like the 'Locks and Loaded.' 'The Locks and Loaded starts with an everything bagel. Then we add dill seasoning, cream cheese, smoked salmon, onions, cucumbers, and capers,' said Gassner. 'It does come with a side of your choice being either grits, potatoes, or fresh fruit, which includes bananas, strawberries, and blueberries.' Not only is the menu at Valley Kitchen packed with variety and fresh choices, but so is the full bar. 'We can do coffee drinks, and we also serve alcohol. A Cinnamon Roll latte–you could do this. Hot or iced, and then toppings of choice. We can mix flavors together. Whatever you're interested in, we probably have it here,' said Gassner. 'Next, we will go to our Espresso martini. Then we have our in-house Margarita, and then here we have a Lavender lemonade martini.' No matter what day you head to Valley Kitchen, expect it to be buzzing with lots of customers and a great open atmosphere with a patio. Valley Kitchen also offers catering and has another location at 3640 State Street in Hermitage. Valley Kitchen is located at 1393 Boardman Canfield Road in Boardman, across from Meijer's. Visit them Monday through Sunday from 7 a.m. to 3 p.m. Call 234-338-9191, visit them online on Facebook. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
The Age
3 days ago
- Business
- The Age
This man made $10.5 billion last year from keeping a close eye on Americans
Karp was in second place in last year's report with nearly $US1.1 billion in gains, trailing Elon Musk, the Tesla CEO, who gained $US1.4 billion. Musk's name is absent from the top-paid lists this year, but he has been fighting in the courts to retain a past, gargantuan pay package that a judge in Delaware has voided twice. The Tesla shares in that contested pay package were worth more than $US98 billion at the end of May, according to Courtney Yu, director of research at Equilar. Musk funnelled $US250 million into President Donald Trump's campaign efforts and was behind the Trump administration's Department of Government Efficiency, or DOGE. Facing declining sales at Tesla, he has left the White House for renewed work at his companies, which also include SpaceX, a rocket company and military contractor; X, a social media platform; and xAI, an artificial intelligence company. Classic compensation There's another important way to look at executive compensation: the estimated value of a pay package when it was originally granted. This annual snapshot must also be disclosed by corporations, thanks to government requirements that were tightened under Dodd-Frank. This more traditional approach, which the Times has covered regularly with the help of Equilar since 2012, tends to produce smaller figures for CEO compensation than the 'compensation actually paid' approach. But the numbers are still enormous, compared with the earnings of most working people. It, too, is being reevaluated by the Trump administration. The biggest payday in corporate America last year, using this traditional measure of executive compensation, went to Peter Gassner of Veeva Systems, a cloud-computing company focused on the life sciences, with a total compensation of $US172.4 million, nearly all from stock options and awards. The median employee at the company earned $US137,866. It would take a worker at Veeva Systems 1251 years to earn what Gassner did in 2024. Motivating executives is one thing. Rewarding them like absolute monarchs is another. In a statement, Veeva said Gassner's compensation reflected a stock option grant that depended on the company's share performance and 'is intended as Mr. Gassner's only equity compensation through 2030.' The company said his $US475,000 salary is 'one of the lowest' for CEOs at publicly traded companies. Right behind Gassner on the top-pay list was Patrick W. Smith, aka Rick Smith, who was a founder of Axon Enterprise. It was previously called TASER International and was named for what is still Axon's best-known product: Tasers. The company says its product line also includes 'body cameras, in-car cameras, cloud-hosted digital evidence management solutions, productivity software and real-time operations capabilities.' Loading Smith's total compensation in 2024, using traditional accounting, was $US164.5 million. In a statement, the company said that number reflected 'a long-term, performance-based equity award,' which he would receive only 'over seven years, contingent on Axon meeting ambitious performance goals.' The median Axon employee was paid $US205,322 in 2024, handsome wages compared with salaries at most companies. Even so, because Smith's compensation package was so big, it would take an Axon employee 801 years to earn Smith's pay for just one year. And, using the compensation-actually-paid metric, he earned vastly more: $US385 million in 2024. Gassner at Veeva Systems raked in $US284 million using that measure. The big picture Corporate compensation filings are tedious reading, but they are a trove of information. That may be why they have never been uniformly popular in corner offices and why the Trump administration is beginning a process that could lead to the curtailment or demise of some of these disclosure requirements. In my view, that would be a shame. I would hate to lose access to any of the details being revealed by public corporations. Consider some of the highlights from this year's disclosures, compiled by Equilar. All told, for the 100 highest-paid CEOs of publicly traded companies in 2024, the median CEO compensation, much of it from stock options, was $US37 million, using the traditional accounting metric. That is a big number. Comparing it with what corporate employees make is revealing. The median worker at these companies was paid $US110,125, which is an astonishingly big pay gap. It would take the median employee — the one right in the middle of the income distribution — 357 years to earn what the median CEO earned in just one year. And using comparable, historical data that excludes the compensation at private equity firms, the pay ratio at publicly traded companies is almost 350-to-1, or, simply, 350, which is more than ever before. As I've pointed out before, pay disparities of this magnitude reflect levels of income inequality that were considered repugnant 50 years ago. The American social structure was flatter and CEO-to-worker pay ratios were lower then. Motivating executives is one thing. Rewarding them like absolute monarchs is another. Through the 1970s, one study found, the pay ratio for big companies was less than 20. In the 1980s, Peter F. Drucker, the economist and Wall Street Journal columnist, said it felt 'about right' when CEOs received 10 to 12 times what workers earned. Loading Yes, it's better to be the boss. Anybody in the workforce already knows this without seeing any of these details. But the details matter. Happily, for investors and for rank-and-file workers, we now have considerable information on exactly how well CEOs are paid — and how much more money they receive than everybody else. The Securities and Exchange Commission will convene later this month for a formal discussion about whether to change the rules about what companies need to reveal about CEO pay. Many companies would like less public disclosure. But after 15 years of looking at this issue, I think we need much more.
Sydney Morning Herald
3 days ago
- Business
- Sydney Morning Herald
The Wall Street CEO who made $10.5 billion last year
Karp was in second place in last year's report with nearly $US1.1 billion in gains, trailing Elon Musk, the Tesla CEO, who gained $US1.4 billion. Musk's name is absent from the top-paid lists this year, but he has been fighting in the courts to retain a past, gargantuan pay package that a judge in Delaware has voided twice. The Tesla shares in that contested pay package were worth more than $US98 billion at the end of May, according to Courtney Yu, director of research at Equilar. Musk funnelled $US250 million into President Donald Trump's campaign efforts and was behind the Trump administration's Department of Government Efficiency, or DOGE. Facing declining sales at Tesla, he has left the White House for renewed work at his companies, which also include SpaceX, a rocket company and military contractor; X, a social media platform; and xAI, an artificial intelligence company. Classic compensation There's another important way to look at executive compensation: the estimated value of a pay package when it was originally granted. This annual snapshot must also be disclosed by corporations, thanks to government requirements that were tightened under Dodd-Frank. This more traditional approach, which the Times has covered regularly with the help of Equilar since 2012, tends to produce smaller figures for CEO compensation than the 'compensation actually paid' approach. But the numbers are still enormous, compared with the earnings of most working people. It, too, is being reevaluated by the Trump administration. The biggest payday in corporate America last year, using this traditional measure of executive compensation, went to Peter Gassner of Veeva Systems, a cloud-computing company focused on the life sciences, with a total compensation of $US172.4 million, nearly all from stock options and awards. The median employee at the company earned $US137,866. It would take a worker at Veeva Systems 1251 years to earn what Gassner did in 2024. Motivating executives is one thing. Rewarding them like absolute monarchs is another. In a statement, Veeva said Gassner's compensation reflected a stock option grant that depended on the company's share performance and 'is intended as Mr. Gassner's only equity compensation through 2030.' The company said his $US475,000 salary is 'one of the lowest' for CEOs at publicly traded companies. Right behind Gassner on the top-pay list was Patrick W. Smith, aka Rick Smith, who was a founder of Axon Enterprise. It was previously called TASER International and was named for what is still Axon's best-known product: Tasers. The company says its product line also includes 'body cameras, in-car cameras, cloud-hosted digital evidence management solutions, productivity software and real-time operations capabilities.' Loading Smith's total compensation in 2024, using traditional accounting, was $US164.5 million. In a statement, the company said that number reflected 'a long-term, performance-based equity award,' which he would receive only 'over seven years, contingent on Axon meeting ambitious performance goals.' The median Axon employee was paid $US205,322 in 2024, handsome wages compared with salaries at most companies. Even so, because Smith's compensation package was so big, it would take an Axon employee 801 years to earn Smith's pay for just one year. And, using the compensation-actually-paid metric, he earned vastly more: $US385 million in 2024. Gassner at Veeva Systems raked in $US284 million using that measure. The big picture Corporate compensation filings are tedious reading, but they are a trove of information. That may be why they have never been uniformly popular in corner offices and why the Trump administration is beginning a process that could lead to the curtailment or demise of some of these disclosure requirements. In my view, that would be a shame. I would hate to lose access to any of the details being revealed by public corporations. Consider some of the highlights from this year's disclosures, compiled by Equilar. All told, for the 100 highest-paid CEOs of publicly traded companies in 2024, the median CEO compensation, much of it from stock options, was $US37 million, using the traditional accounting metric. That is a big number. Comparing it with what corporate employees make is revealing. The median worker at these companies was paid $US110,125, which is an astonishingly big pay gap. It would take the median employee — the one right in the middle of the income distribution — 357 years to earn what the median CEO earned in just one year. And using comparable, historical data that excludes the compensation at private equity firms, the pay ratio at publicly traded companies is almost 350-to-1, or, simply, 350, which is more than ever before. As I've pointed out before, pay disparities of this magnitude reflect levels of income inequality that were considered repugnant 50 years ago. The American social structure was flatter and CEO-to-worker pay ratios were lower then. Motivating executives is one thing. Rewarding them like absolute monarchs is another. Through the 1970s, one study found, the pay ratio for big companies was less than 20. In the 1980s, Peter F. Drucker, the economist and Wall Street Journal columnist, said it felt 'about right' when CEOs received 10 to 12 times what workers earned. Loading Yes, it's better to be the boss. Anybody in the workforce already knows this without seeing any of these details. But the details matter. Happily, for investors and for rank-and-file workers, we now have considerable information on exactly how well CEOs are paid — and how much more money they receive than everybody else. The Securities and Exchange Commission will convene later this month for a formal discussion about whether to change the rules about what companies need to reveal about CEO pay. Many companies would like less public disclosure. But after 15 years of looking at this issue, I think we need much more.
The Age
3 days ago
- Business
- The Age
The Wall Street CEO who made $10.5 billion last year
Karp was in second place in last year's report with nearly $US1.1 billion in gains, trailing Elon Musk, the Tesla CEO, who gained $US1.4 billion. Musk's name is absent from the top-paid lists this year, but he has been fighting in the courts to retain a past, gargantuan pay package that a judge in Delaware has voided twice. The Tesla shares in that contested pay package were worth more than $US98 billion at the end of May, according to Courtney Yu, director of research at Equilar. Musk funnelled $US250 million into President Donald Trump's campaign efforts and was behind the Trump administration's Department of Government Efficiency, or DOGE. Facing declining sales at Tesla, he has left the White House for renewed work at his companies, which also include SpaceX, a rocket company and military contractor; X, a social media platform; and xAI, an artificial intelligence company. Classic compensation There's another important way to look at executive compensation: the estimated value of a pay package when it was originally granted. This annual snapshot must also be disclosed by corporations, thanks to government requirements that were tightened under Dodd-Frank. This more traditional approach, which the Times has covered regularly with the help of Equilar since 2012, tends to produce smaller figures for CEO compensation than the 'compensation actually paid' approach. But the numbers are still enormous, compared with the earnings of most working people. It, too, is being reevaluated by the Trump administration. The biggest payday in corporate America last year, using this traditional measure of executive compensation, went to Peter Gassner of Veeva Systems, a cloud-computing company focused on the life sciences, with a total compensation of $US172.4 million, nearly all from stock options and awards. The median employee at the company earned $US137,866. It would take a worker at Veeva Systems 1251 years to earn what Gassner did in 2024. Motivating executives is one thing. Rewarding them like absolute monarchs is another. In a statement, Veeva said Gassner's compensation reflected a stock option grant that depended on the company's share performance and 'is intended as Mr. Gassner's only equity compensation through 2030.' The company said his $US475,000 salary is 'one of the lowest' for CEOs at publicly traded companies. Right behind Gassner on the top-pay list was Patrick W. Smith, aka Rick Smith, who was a founder of Axon Enterprise. It was previously called TASER International and was named for what is still Axon's best-known product: Tasers. The company says its product line also includes 'body cameras, in-car cameras, cloud-hosted digital evidence management solutions, productivity software and real-time operations capabilities.' Loading Smith's total compensation in 2024, using traditional accounting, was $US164.5 million. In a statement, the company said that number reflected 'a long-term, performance-based equity award,' which he would receive only 'over seven years, contingent on Axon meeting ambitious performance goals.' The median Axon employee was paid $US205,322 in 2024, handsome wages compared with salaries at most companies. Even so, because Smith's compensation package was so big, it would take an Axon employee 801 years to earn Smith's pay for just one year. And, using the compensation-actually-paid metric, he earned vastly more: $US385 million in 2024. Gassner at Veeva Systems raked in $US284 million using that measure. The big picture Corporate compensation filings are tedious reading, but they are a trove of information. That may be why they have never been uniformly popular in corner offices and why the Trump administration is beginning a process that could lead to the curtailment or demise of some of these disclosure requirements. In my view, that would be a shame. I would hate to lose access to any of the details being revealed by public corporations. Consider some of the highlights from this year's disclosures, compiled by Equilar. All told, for the 100 highest-paid CEOs of publicly traded companies in 2024, the median CEO compensation, much of it from stock options, was $US37 million, using the traditional accounting metric. That is a big number. Comparing it with what corporate employees make is revealing. The median worker at these companies was paid $US110,125, which is an astonishingly big pay gap. It would take the median employee — the one right in the middle of the income distribution — 357 years to earn what the median CEO earned in just one year. And using comparable, historical data that excludes the compensation at private equity firms, the pay ratio at publicly traded companies is almost 350-to-1, or, simply, 350, which is more than ever before. As I've pointed out before, pay disparities of this magnitude reflect levels of income inequality that were considered repugnant 50 years ago. The American social structure was flatter and CEO-to-worker pay ratios were lower then. Motivating executives is one thing. Rewarding them like absolute monarchs is another. Through the 1970s, one study found, the pay ratio for big companies was less than 20. In the 1980s, Peter F. Drucker, the economist and Wall Street Journal columnist, said it felt 'about right' when CEOs received 10 to 12 times what workers earned. Loading Yes, it's better to be the boss. Anybody in the workforce already knows this without seeing any of these details. But the details matter. Happily, for investors and for rank-and-file workers, we now have considerable information on exactly how well CEOs are paid — and how much more money they receive than everybody else. The Securities and Exchange Commission will convene later this month for a formal discussion about whether to change the rules about what companies need to reveal about CEO pay. Many companies would like less public disclosure. But after 15 years of looking at this issue, I think we need much more.
Yahoo
29-05-2025
- Business
- Yahoo
VEEV Q1 Earnings Call: Revenue Miss Offset by Subscription Strength and AI Initiatives
Healthcare software provider Veeva Systems (NASDAQ:VEEV) missed Wall Street's revenue expectations in Q1 CY2025, but sales rose 16.7% year on year to $759 million. Its non-GAAP EPS of $1.97 per share was 13% above analysts' consensus estimates. Is now the time to buy VEEV? Find out in our full research report (it's free). Revenue: $759 million (16.7% year-on-year growth) Adjusted EPS: $1.97 vs analyst estimates of $1.74 (13% beat) Adjusted Operating Income: $349.9 million vs analyst estimates of $308 million (46.1% margin, 13.6% beat) Revenue Guidance for Q2 CY2025 is $767.5 million at the midpoint, above analyst estimates of $751.5 million Adjusted EPS guidance for the full year is $7.63 at the midpoint, beating analyst estimates by 4.5% Operating Margin: 30.8%, up from 23.9% in the same quarter last year Market Capitalization: $38.21 billion Veeva Systems' first quarter results reflected solid demand for its core life sciences software, with management attributing momentum to ongoing Vault CRM adoption and strong Crossix analytics growth. CEO Peter Gassner highlighted over 80 customers are now live on Vault CRM, up from a handful a year ago, describing it as 'better than Veeva CRM' due to expanded functionality and AI integration. The Crossix business benefited from customers' increasing focus on maximizing digital marketing effectiveness, with Gassner noting its rapid ROI. Management also pointed to broad-based performance across commercial and R&D segments, supported by stable renewals and expanding customer relationships. Looking ahead, Veeva's leadership expects continued growth as the company invests in AI-driven product enhancements and expands into new market segments, including a forthcoming horizontal CRM offering outside of life sciences. Gassner emphasized the company's commitment to deeply embedding AI within its core applications, predicting, 'Veeva can help increase life sciences efficiency by 15% or so with deep AI.' Management also highlighted plans to have 200 customers live on Vault CRM within a year and expressed optimism about the initial customer interest in its new AI agents and data cloud products. However, executives acknowledged persistent macroeconomic uncertainty and noted that while the current pipeline remains stable, caution is warranted for smaller biotech clients that may face funding challenges if broader conditions deteriorate. Management attributed the quarter's performance to expanded Vault CRM adoption, strong Crossix analytics growth, and early traction with AI-driven product development. Vault CRM adoption accelerates: The number of customers live on Vault CRM grew to over 80, driven both by migrations from legacy Veeva CRM and new client wins. Management cited innovation, integration of sales and marketing functions, and the roadmap for embedded AI agents as key differentiators driving customer decisions. Crossix analytics powers commercial gains: Crossix, Veeva's analytics tool for measuring digital marketing performance, saw robust demand as clients sought to optimize digital spend. The value of comprehensive Crossix deals has doubled over three years, according to Gassner, due to expanded offerings and rapid implementation timelines. AI initiatives gain momentum: Veeva AI, a suite of embedded artificial intelligence tools, is being developed to automate core industry processes such as medical, legal, and safety workflows. Management described customer feedback as highly positive and expects to introduce AI agents into products by year-end. Horizontal CRM market entry: The company is preparing to launch a CRM product targeted beyond the life sciences sector, marking a significant strategic expansion. The initial focus will be on large enterprises, with a distinct team and operating model, and management aims to secure first customers by the end of the year. Stable performance amid macro uncertainty: While acknowledging increased economic and geopolitical uncertainty, management reported no material impact on current results or pipeline. The subscription-based revenue model and mission-critical nature of Veeva's solutions provide insulation, though small biotech clients could be more exposed to funding headwinds. Veeva's guidance for the next quarter and full year is driven by continued Vault CRM migration, growing AI adoption, and an expanding product portfolio, though management remains cautious given macroeconomic uncertainty. Vault CRM and AI adoption: Management expects ongoing Vault CRM migrations and the rollout of AI agents to drive customer wins and expand existing relationships. The ability to integrate sales, marketing, and service data is viewed as a long-term differentiator. Growth in Crossix and data cloud: Crossix remains a key growth engine, with management projecting sustained double-digit expansion as clients prioritize digital marketing measurement. Early success in the data cloud business is expected to supplement this momentum. Macro and funding risks: Leadership warned that persistent uncertainty, particularly for smaller biotech customers, could delay projects or impact funding. However, Veeva's high proportion of long-term subscription contracts and focus on mission-critical applications is expected to provide resilience in most scenarios. In the coming quarters, StockStory analysts will monitor (1) the pace of Vault CRM migrations and new customer additions, (2) tangible revenue contributions and customer adoption of Veeva AI and related agents, and (3) the initial impact of the horizontal CRM launch beyond life sciences. The progress of Crossix and data cloud businesses will also be closely watched as indicators of broader market momentum. Veeva Systems currently trades at a forward price-to-sales ratio of 12.5×. In the wake of earnings, is it a buy or sell? Find out in our full research report (it's free). Market indices reached historic highs following Donald Trump's presidential victory in November 2024, but the outlook for 2025 is clouded by new trade policies that could impact business confidence and growth. While this has caused many investors to adopt a "fearful" wait-and-see approach, we're leaning into our best ideas that can grow regardless of the political or macroeconomic climate. Take advantage of Mr. Market by checking out our Top 9 Market-Beating Stocks. This is a curated list of our High Quality stocks that have generated a market-beating return of 183% over the last five years (as of March 31st 2025). Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-micro-cap company Tecnoglass (+1,754% five-year return). Find your next big winner with StockStory today. 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