November 1, 2011

Equilar Teams Up For the JPMorgan Chase Corporate Challenge

Filed under: General — David Chun @ 2:06 pm

For the past six years, Equilar has been proud to participate in the annual JPMorgan Chase Corporate Challenge. The 3.5-mile race is an attainable training goal for our busy employees, many of whom got into race-day shape on one of the treadmills in our in-house gym. And of course, it benefits a great cause: San Francisco’s Corporate Challenge charity is Larkin Street Youth Services, which provides shelter, medical care, job training, and scholarship assistance to homeless and at-risk youth.

We’re proud to have been a part of the biggest San Francisco Corporate Challenge yet, with over 8,700 runners and walkers from 333 companies. This great video showcases the amazing turnout, as well as the philanthropic spirit, of this year’s event.

JPMorgan Chase Challenge 300x199 Equilar Teams Up For the JPMorgan Chase Corporate Challenge

The Corporate Challenge also offers a fun opportunity for Equilar employees to bond outside of the office. For our annual post-race meal, our crew of 17 participants dined as a group at an Off the Grid food truck event.

As always, we enjoyed the event, and look forward to contributing to a new record turnout next year!

Tags: equilar, jpmorgan chase corporate challenge, larkin street youth services
October 4, 2011

Equilar Hosts Bone Marrow Registry Drive

Filed under: General — David Chun @ 1:54 pm

On Wednesday, September 14th, Equilar welcomed a special guest: Yul Kwon, a Stanford and Yale graduate and winner of the 13th season of Survivor. When Kwon was a sophomore in college, his childhood friend and roommate Evan Chen was diagnosed with terminal leukemia. Kwon embarked on a nationwide bone-marrow registry push, and while a donor for Chen was eventually found, the transplant failed and he passed away two years later. Today, Kwon represents the Asian American Donor Program, which aims to find bone-marrow donors from underrepresented minority communities.

yul kwon 300x199 Equilar Hosts Bone Marrow Registry Drive

An individual in need of a bone-marrow transplant has only a 30% chance of having a sibling or relative with an identical tissue type. Those individuals who don’t have a match within their family have only one-in-100 odds of finding a match in the wider registry. Minority groups like Asian-Americans face odds of approximately one in a million, because non-white ethnic groups are less likely to be registered in the bone-marrow database.

Because Equilar has a number of Asian-American employees (myself included), we decided that our office would be an excellent source of new registrations that could potentially save the life of an individual suffering from anemia, lymphoma, leukemia, or an immune disorder. In all, Equilar was able to provide 28 potential donors from a variety of ethnic backgrounds. I’m pleased to say that over 30% of our staff registered, compared to a typical 5-10% participation rate at other firms. Though their marrow may never be needed, their participation offers hope to those waiting for a transplant.

DSC 0007 rotated 300x209 Equilar Hosts Bone Marrow Registry Drive

Joining the bone-marrow registry is a simple process, requiring only a cheek swab. I encourage all readers of this blog, particularly those from diverse ethnic backgrounds, to sign up for a free at-home cheek swab package at the AADP’s website. Your participation could mean the difference between life and death for an individual in need of a transplant.

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March 10, 2011

My Appearance on “The CEO Show”

Filed under: General — David Chun @ 2:02 pm

On Tuesday, I was thrilled to make an appearance on Carl Guardino’s KLIV broadcast, “The CEO Show.” Carl is the President and CEO of the Silicon Valley Leadership Group, and it was an honor to appear on his program, which has hosted a number of tech-industry heavyweights. In addition to talking about Equilar and its history, I was also able to discuss the latest issues relating to executive pay.

You can download an mp3 of the full show by clicking here. To give you a taste, I’ve posted a couple of excerpts of our conversation below.

On changing board attitudes: “Boardrooms are absolutely getting much more educated about this topic. They’re hiring their advisors directly, not relying on management to help them with that. You’re seeing boards making much quicker decisions on terminating executives.”

On whether CEOs are overpaid: “The most important thing is when these pay numbers are reported often the missing piece is performance. How well are these companies performing? That being said, when an executive is making $10, $20, $30, $40 million, you need to [ask these questions]: How well is that company performing? Is that individual that is leading that organization the right individual? Is their pay commensurate with the performance of the organization?”

I hope you’ll take a listen, and let me know your thoughts on these important issues.

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December 7, 2010

Giving Thanks, iPad Style

Filed under: General — David Chun @ 11:36 am

2010 has been a great year at Equilar. We’ve seen our client base grow to over 1,000 companies, and revenues are on pace to increase nearly 40 percent over last year. I owe this success directly to the amazing team that we’ve assembled at Equilar, all of whom have been working hard to make this phenomenal growth possible. From tracking the latest trends in executive pay to interacting with our clients to building our next generation of products, our staff has had a busy 2010.

After seeing the Apple iPad in action, I decided that this cutting-edge device would be the perfect thank-you gift for a cutting-edge team. At our annual Thanksgiving luncheon, I was thrilled to give a new iPad (with our very own custom Equilar case!) to every one of our 74 employees as a way of saying thank you for an amazing year. Our friends at The Wall Street Journal caught wind of the gift and featured us in an article in last Thursday’s paper, “More Tech Firms in Festive Mood.” I couldn’t be more excited to see our employees recognized for their work in the WSJ.

View the article here (a WSJ subscription is required).

012 reduced 300x190 Giving Thanks, iPad Style

013 reduced 300x201 Giving Thanks, iPad Style

Of course, no discussion of Equilar’s success would be complete without thanking our clients, who have been instrumental in growing and shaping our business. I wish we could have given each of you an iPad as well. But with our gift of a 32 GB Wi-Fi model going for $599, there was only so much to go around!

On behalf of all of us at Equilar, I want to wish you and your families a safe and happy holiday season.

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November 17, 2010

Board and Committee Pay in the New Exec Comp Climate

Filed under: Director Compensation,Publications — David Chun @ 3:11 pm

Boards of directors, particularly committees, have seen a lot more scrutiny over the past few years, and with rules governing their affiliations being enacted as part of the Dodd-Frank Act, this is just the beginning. Equilar’s latest report investigates how this new frontier is affecting the way board and committee members and chairs are selected and paid. Here are a few of our findings:

  • Median board member pay for the S&P 1500 was $142,500. This figure only includes board-related, not committee-related, pay. S&P 500 members had a median pay of $190,000, while members of the other two S&P groups were slightly below the median for the entire cohort.
  • Audit committee chairs and members still get paid the most, but their pay has tended to be stagnant or declining from 2007 to 2009. Compensation committee chairs have seen a pay jump in that period, perhaps thanks to the increased attention to their work. Compensation and governance committee members saw mostly stagnant pay figures as well.
  • Governance committee members are the most tenured in all three groups, followed by compensation and audit committee members.
  • Audit committees meet the most, followed by compensation and governance committees.
  • The prevalence of meeting fees for both chairs and members fell in all three S&P groups, while the prevalence of annual retainers rose. (One notable exception: governance committees in the S&P 400 saw the opposite effect.)
  • In 2009, the most prevalent pay structure for chairs was annual retainer and meeting fees, while the second most common structure was annual retainer only. The most prevalent pay structure for members was meeting fees only, with over 60 percent prevalence over all committees.

Interested in seeing more detailed figures? Click on the relevant S&P group to request a report:

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