Sundar PichaiSundar Pichai earned $164M in 2023
R

Franklin W. Hobbs

Ex-CEO of Ribbon Communications Inc.

Education

B.A. from Harvard College, M.B.A. from Harvard Business School

Field of Expertise

Finance & Banking - Finance

Born

January 1, 1947 - 78 years ago

Economy Sector

Communication Services

Tenure

1 year 10 months (Dec 2017 - Nov 2019)

Previous Experience

Advisor to One Equity Partners LLC, Chairman of Ally Financial Inc., former CEO of Houlihan Lokey Howard & Zukin

Franklin W. Hobbs has made quite an impact in the finance industry. He served as the CEO of Ribbon Communications Inc. from 2017 to 2019, stepping in during a pivotal time for the company. Hobbs has a strong educational background,...

Year

2019

Total Compensation

$1.30M

Salary

$400.00K

Board Justification

The compensation philosophy aims to align CEO compensation with company performance, using peer benchmarking and retention strategies to attract and retain top talent.

Bonus

$100.00K

Board Justification

The bonus is based on the company's performance metrics including revenue growth and EBITDA targets for the year 2019.

Other

$50.00K

Board Justification

Other compensation includes retirement contributions and health benefits paid in 2019.

Restricted Stock

$750.00K(50K Common Stock)

Board Justification

The stock that vested in 2019 was part of a long-term incentive plan based on performance criteria set in prior years.

Performance Metrics

The performance metrics included revenue growth, EBITDA targets, and overall company performance against industry benchmarks.