Plenty of Perks
I recently read a story on executive compensation with highlights on "perk" packages such as utilization of corporate jets for personal use, club dues, security, and other goodies. According to the article, in 2011 for the 100 highest paid CEO's with companies with revenues above $5 billion the "typical" perks package was worth, on average, $325,000, mostly for personal use of private jets. I was stunned that in today's environment boards condone CEOs utilizing corporate jets for private use. According to the article, perks are increasingly used to provide alternatives to reported compensation because of the scrutiny over excessive CEO compensation. I suppose they figure that bennies listed on another page will not create such a ruckus. Wrong. Shareholders are not pleased to see the high life at the top, but for some reason, perks persists on top of pay packages for the top-paid execs ranging from $28 million to $96 million for Larry Ellison at Oracle. Go figure.
Tony LoPinto is the Global Sector Leader of Korn/Ferry International's Real Estate Practice and founder of SelectLeaders. The views expressed in this article are the author’s own.
Director, Real Estate Analytics and Performance Management
(OTTAWA) The director, real estate analytics and performance management for corporate real estate will be located in either Ottawa or Toronto, and will be a key part of the transformation of one of Canada's largest CRE programs. This position will lead the development and implementation of a fact based, analytical approach to performance management of CPC's real estate service providers; act as the focal point for process excellence, continuous improvement and real estate quantitative analysis; and manage the corporate relationship with external suppliers with a view of ensuring business continuity and adherence to the contract in order to maximize the value of real estate fixed assets.
KELLER AUGUSTA PARTNERS
Vice President of Finance
(BOSTON) A firm with a longstanding history in successful development projects with a niche in mixed-use and hotel developments, is seeking to hire an experienced vice president of finance. This position will be responsible for leading all financial aspects of the firm's development projects. The initial project will be a very large mixed-use development consisting of a luxury hotel and luxury high-rise condominiums. The ideal candidate must have a strong accounting and finance background, great quantitative skills and a "can-do" attitude to provide accounting and analytical support to its successful operation. Experience working on complex mixed-use development projects a must.
THE J. PAUL GETTY TRUST
(LOS ANGELES) Reporting to the head of engineering, this position will regularly interact with subordinate supervisors and act as an advisor to staff members to meet schedules or resolve technical, operational problems or performance. Duties include planning the reconfiguration, maintenance, and alteration of equipment, machinery, buildings, structures, and other facilities; gathering data concerning facility or equipment specifications; planning the reconfiguration, maintenance, and alteration of equipment, machinery, buildings, structures, and other facilities; and coordinate with Capital Projects team to execute maintenance and facilities renewal projects.
THE URBAN LAND INSTITUTE
Manager, ULI Orange County/Inland Empire
(IRVINE, CA) This position within the District Council, will serve as a liaison between the District Council office and ULI headquarters, ensuring that all work is consistent with ULI's policies and procedures, the ULI Orange County/Inland Empire's goals and objectives are met and ULI's mission is carried forth. The Manager will be responsible for planning, organizing and promoting myriad programs that involve member volunteers, sponsors, District Council and ULI leaders, real estate planning and development industry leaders, professional speakers, public sector officials, non-profit organizations, academia, media, vendors, and others. Primary areas of responsibility include marketing and communications and event management, but also include membership, sponsorship, and community outreach activities.
(BEACHWOOD, OH) The primary purpose of this entry-level position is to monitor and report investment performance to institutional investors and other partners whose investments are managed by the DDR funds management team. Fund snalysts are expected to work closely with the operating divisions within DDR (i.e., leasing, development, property management, etc.) to ensure that appropriate business plans are developed and executed timely. Bachelor's degree in Accounting or Finance. Previous experience in an accounting and/or finance role preferred.
CRE Regional Manager
(NEW YORK CITY) Reporting to the SVP, director of corporate real estate, The corporate real estate (CRE) regional manager - New York will be responsible for regional management and service delivery for Union Bank and its affiliates in the areas of: strategic and occupancy planning, facility management, real estate transaction management and lease administration, and finance and accounting services. BA or BS in business management, facilities management, finance, architecture, engineering or other related fields. MBA or related graduate degree preferred.
Operations Support Manager
(HOUSTON) This role will manage a workgroup of centralized global services supporting Chevrons Business & Real Estate Services (CBRES) and non CBRES customers. The role provides subject matter expertise and leadership in the areas of Security (Access Control systems), Facility Operations (Operations & Maintenance/Site Services), and Customer Service, with a view on enhancing service delivery. Specific duties include working with CBRES Regional Managers across the company to develop asset management and optimization strategies across all facilities driving consistent delivery of services and business processes across all regions and ensuring standard processes are implemented globally within Operations and Projects.
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MARCUS & MILLICHAP
(FORT LAUDERDALE, FL) Marcus & Millichap Real Estate Investment Services has named Matthew Kesterson sales manager of its Fort Lauderdale office.Kesterson returns to Marcus & Millichap's Fort Lauderdale office after joining it as an intern in January 2000, and becoming an agent in April 2001. After helping to open the Melbourne office, and relocating it to Vero Beach, he was inducted as a senior investment associate in July 2007 and became a vice president investments in 2008.
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CBL & ASSOCIATES
(CHATTANOOGA, TN) CBL & Associates Properties, Inc. announced that Sally Cooney has joined the company as regional director of leasing. She most recently served as regional vice president for General Growth Properties in their Atlanta regional.
THE GOLDSTEIN GROUP
(PARAMUS, NJ) Jessica Vergottini has joined the company as its new director of marketing. Prior to joining the company, she served as office manager and assistant to the creative services department for HDR, an architectural engineering firm located in Midtown Manhattan.
PARKWEST GENERAL CONTRACTOR
(ANAHEIM, CA) Parkwest General Contractor, a emerging hotel and commercial real estate general contractor in the western US, announced that Craig Sullivan has joined the company as senior vice president-business development. Sullivan joins Parkwest in transitioning from his role as vice Ppresident Twenty Four Seven Hotels and prior as vice president of the National Hospitality Group.
ARCHITECTURAL RESOURCES CAMBRIDGE
(CAMBRIDGE, MA) ARC/ Architectural Resources Cambridge, an architectural, planning and interior design firm specializing in educational, sports, science and corporate facilities, announced today that Kelly C. Bliss has joined the firm as an associate and the new director of business development. Prior to joining ARC, she was marketing principal at Lavallee Brensinger Archtects in Manchester, NH and Stoneham, MA.
GREYSTONE SERVICING CORP.
(NEW YORK CITY) Greystone Servicing Corporation, Inc., a provider of multifamily and commercial mortgage loans, has appointed two new hires to further develop and expand Greystone's lending business. Chris Rabenold, managing director, joins from Los Angeles-based Plaza Bank and Keith Kiecker, director, has joined from JP Morgan Chase.
CADENCE MCSHANE CONSTRUCTION CO.
(DALLAS) Will Hodges has been appointed President of Cadence McShane Construction Company, the McShane Cos.' general contractor, design/build and construction management services firm headquartered in Dallas with offices in Houston and Austin. Prior to joining Cadence McShane, Hodges served as senior vice president of Adolfson & Peterson Construction, providing direct management and operations on behalf of this large general contracting firm.
WITHEE MALCOLM ARCHITECTS
(LOS ANGELES) Withee Malcolm Architects is pleased to announce that Michael Mathews, AIA, LEED GA, has joined the firm as a senior associate. He is a registered architect with more than 20 years experience in complex, large-scale real estate projects for development and construction companies as well as design firms.
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