James A.C. Kennedy was the CEO of T. Rowe Price Group, Inc. from January 2015 until December 2015. He was known for his significant impact on the company during his short time at the helm, including guiding their strategic initiatives...
James A.C. Kennedy was the CEO of T. Rowe Price Group, Inc. from January 2015 until December 2015. He was known for his significant impact on the company during his short time at the helm, including guiding their strategic initiatives in a highly competitive asset management industry. In 2015, his total compensation was an impressive $8.7 million, driven largely by a $7.2 million bonus linked to the company's performance. Under his leadership, T. Rowe Price maintained a strong operating margin against peers, which likely contributed to his large bonus payout. Interestingly, Kennedy's connections run deep; he retired at the end of 2015, but continued to serve as a consultant for the company, showing his lasting influence on T. Rowe Price. During his tenure, Kennedy also engaged in notable insider trading activities, with transactions peaking at about $6 million in value per month during the height of his engagement with the company's stocks in 2021. His experience in managing and cultivating financial performance underlines his legacy in steering T. Rowe Price toward continued growth and innovation in investment management. Additional insights into Kennedy’s strategic thinking and decision-making can be gleaned from his fundraising successes and investment strategies during and after his term.