While serving as CEO, Laurence M. Downes owned a significant stake in New Jersey Resources Corporation, with his stock holdings fluctuating as the company's performance eddied over the years. By 2018, his vested stock value reached over $2.1 million, indicating...

While serving as CEO, Laurence M. Downes owned a significant stake in New Jersey Resources Corporation, with his stock holdings fluctuating as the company's performance eddied over the years. By 2018, his vested stock value reached over $2.1 million, indicating his financial commitment was tightly linked to the company's success. However, following his retirement announcement in 2019, there was a drastic shift, with the value of his combined stock holdings showcasing a broader market trend that affected many executives. His investment trajectory paints a picture of a CEO deeply influenced by the company's performance, underscoring the risk and reward dynamic familiar to those in corporate leadership. This connection to his company's success reinforced his approach to executive compensation and stakeholder value.