Joe Mansueto is the founder of Morningstar, Inc., a well-respected financial services firm started in 1984. He served as CEO from 2000 until 2016 and has been the chairman of the board since the company's inception. He holds both a...

Joe Mansueto is the founder of Morningstar, Inc., a well-respected financial services firm started in 1984. He served as CEO from 2000 until 2016 and has been the chairman of the board since the company's inception. He holds both a bachelor's degree and an MBA from the University of Chicago, highlighting his strong background in finance. Interestingly, even as the CEO, Mansueto chose to keep his salary fixed at $100,000 since 2000, opting out of bonuses and stock options to align his interests with shareholders. This reflects his long-term view of value creation over immediate rewards. In 2017, he transitioned to the executive chairman role to focus more on strategy, while Kunal Kapoor took over as CEO. As a major shareholder, owning over 39% of Morningstar, Mansueto has a significant influence on the company's direction. His corporate philosophy emphasizes integrity and investor success, making him a unique figure in the finance industry.

Quick Links

1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other Morningstar CEOs

M

Joe Mansueto

Founder and Ex-CEO of Morningstar

Education

University of Chicago (MBA)

Field of Expertise

Finance & Banking - Finance

Sector of Economy

Financial Services

Born

September 1, 1954 - 70 years ago

CEO of Morningstar for

16 years 11 months (Jan 2000 - Dec 2016)

Previous Experience

Founder of Morningstar, Inc.

Rivals

Competitors/colleagues of Joe Mansueto

M

Raymond W. McDaniel, Jr.

CEO of Moody's

2021 Compensation

Stock

$0.00

Salary

$900.00K

Bonus

$2.21M

Other

$0.00

Total Holdings

$89.53M

M

Henry A. Fernandez

CEO of MSCI

2023 Compensation

Stock

$0.00

Salary

$1.00M

Bonus

$1.45M

Other

$342.92K

Total Holdings

$1.21B

Holdings

See how much did Joe Mansueto make over time.

Joe Mansueto is a major shareholder of Morningstar, owning about 56.7% of the company's stock. His holdings peaked around $4.60 billion in February 2021, reflecting the company's steady growth. However, since then, the value fluctuated, with recent estimates ranging around...

Joe Mansueto is a major shareholder of Morningstar, owning about 56.7% of the company's stock. His holdings peaked around $4.60 billion in February 2021, reflecting the company's steady growth. However, since then, the value fluctuated, with recent estimates ranging around $3.29 billion as of September 2024. Interestingly, Mansueto has pledged 1.8 million shares as collateral against loans, indicating a strategic approach to his investment and using leverage. This shows his ongoing commitment to the company while ensuring liquidity for personal financial planning.

Total Stock Sold

$1.70B

MORN

$1.70B

8,417,814 MORN shares

What if they kept their stock?

If Joe Mansueto didn't sell their stock, today they would have:
Extra MORN8,417,814 shares worth $1.04B.
This is -38.92% and $660.84M less than what they got when they sold the stock.

Charitable Transactions

MORN

1,805,015 shares

MORN

Recent Charitable Transactions

MORN

37,125 shares

MORN

Dec 6, 2024

Charity

MORN

118,508 shares

MORN

Dec 6, 2024

Charity

MORN

47,625 shares

MORN

Nov 30, 2023

Charity

MORN

56,000 shares

MORN

Dec 7, 2022

Charity

MORN

33,680 shares

MORN

Dec 9, 2021

Charity

MORN

84,250 shares

MORN

Dec 31, 2020

Charity

Insider Trading

See recent insider trades of Joe Mansueto.

MORN

$2.73M

MORN at $301.67/share

Mar 5, 2025

Sale

MORN

$5.07M

MORN at $313.48/share

Feb 28, 2025

Sale

MORN

$1.44M

MORN at $323.13/share

Feb 26, 2025

Sale

MORN

$5.70M

MORN at $322.75/share

Feb 24, 2025

Sale

MORN

$3.21M

MORN at $327.88/share

Feb 20, 2025

Sale

MORN

$4.64M

MORN at $327.18/share

Feb 18, 2025

Sale

MORN

$1.06M

MORN at $329.30/share

Feb 14, 2025

Sale

MORN

$6.34M

MORN at $324.50/share

Feb 12, 2025

Sale

MORN

$552.61K

MORN at $326.02/share

Feb 10, 2025

Sale

MORN

$9.16M

MORN at $326.82/share

Feb 6, 2025

Sale

Compensation History

See how much did Joe Mansueto make over time.

Joe Mansueto has maintained a consistent and modest compensation package since 2000. His annual salary is fixed at $100,000, and he actively refrains from participating in cash bonuses, stock options, or equity incentives. This decision makes it clear that he prefers to link his financial interests directly to the company’s long-term performance rather than immediate financial gain. In 2016, for instance, his total compensation was about $105,291, including basic insurance and retirement matching contributions. This clear stance is designed to align his interests with those of the shareholders he represents, emphasizing a philosophy of long-term value over short-term cash rewards.

Year

2016

Total Compensation

$105.29K

Salary

$100.00K

Board Justification

The compensation philosophy is to align Joe's compensation with the interests of shareholders, focusing on long-term value appreciation rather than immediate cash or equity incentives.

Bonus

$0.00

Board Justification

Joe did not participate in any cash-based incentive programs in 2016 as he requested to align his compensation with shareholder interests.

Other

$5.29K

Board Justification

Other compensation includes basic life and accidental death and dismemberment insurance and matching contributions to the 401(k) plan.

Restricted Stock

$0.00(0 N/A)

Board Justification

Joe did not participate in the equity incentive programs in 2016, hence no stock vested.

Performance Metrics

Joe's compensation was not tied to specific performance metrics due to his decision to not participate in cash or equity incentive programs.

Other Morningstar CEOs

Here are other CEOs of Morningstar

Kunal Kapoor

CEO of Morningstar

January 2017 - Present