Mitchell Jacobson is the CEO of MSC Industrial Direct Co., a company he has led since its formation in 1995. He played a key role in growing the company and has over 30 years of experience in the industry. Interestingly,...
Mitchell Jacobson is the CEO of MSC Industrial Direct Co., a company he has led since its formation in 1995. He played a key role in growing the company and has over 30 years of experience in the industry. Interestingly, he stepped down from the CEO position briefly in 2005 but remained as the Chairman of the Board. His compensation is quite straightforward; he mainly relies on base salary, opting out of bonuses or stock options. For example, in 2010, he earned $975,000 solely from his salary, with no additional cash or stock incentives. Throughout his career, he's focused on creating value for shareholders without complicating his pay structure. Jacobson holds a significant amount of the company's Class B shares, which gives him a lot of voting power. His commitment to the company and its stakeholders is clear, as he has consistently worked to align leadership goals with those of shareholders.