Dennis C. Kakures served as the President and CEO of McGrath RentCorp from June 2014 until his early retirement in February 2017. He holds a Bachelor’s degree in Business Administration from the University of California, Berkeley, and has expertise in...
Dennis C. Kakures served as the President and CEO of McGrath RentCorp from June 2014 until his early retirement in February 2017. He holds a Bachelor’s degree in Business Administration from the University of California, Berkeley, and has expertise in the business field. Interestingly, in 2016, his total compensation topped 1.6 million USD, mostly from his salary and a performance-linked bonus, reflecting his role in company profitability and personal goals. Before his retirement, he opted to reduce his annual equity grants by about 33%, allowing for more equity share for key employees, showing a concern for team dynamics and talent retention. With Kakures, McGrath RentCorp focused on aligning executive compensation with performance metrics, which tied directly to the company’s financial health. After stepping down, he transitioned into a consulting role, continuing to support the company for 18 months. This indicates a commitment to leadership and operational continuity, which is crucial for any business.