Over Board

Research firm Equilar recently released a report that stirred-up the investment community by virtue of its report that CEOs who serve on two outside boards earn median income of $13.6 million while CEOs who serve on one outside board earned 5.6% less, and those who did not serve on an outside board earned 12.9% less. More interesting, and troublesome to shareholders, was the performance of companies where the CEO served on two outside boards. On average those companies saw median one-year total return of 8.2% versus 15% for companies where the CEO was sticking to his knitting and not serving on an outside board.

There are a lot of variables when evaluating CEO performance, but these statistics are of real concern with investors and they are now voting against CEO's who serve on too many boards.  Stay tuned on this issue, as it's likely to command more attention over the next couple of years.

Job Listings

COLLIERS INTERNATIONAL
Executive Managing Director
(TORONTO, ONTARIO)
MD will report to the group's Americas President and lead Canada valuation team by working with managers and professionals, designing and implementing strategies to achieve business goals, recruiting new managers and professionals, supporting existing client relationships and developing new businesses opportunities and clients. (Sponsored Job)

COLLIERS INTERNATIONAL
Property Manager
(SAN DIEGO, CA)
Property Manager will oversee and manage all management aspects of a commercial building, including operations and financial activities. Duties include assuming fiduciary responsibility and ensuring portfolio is operating in line with the owner's goals and objectives. (Sponsored Job)

LIDL US
Construction Manager
(ATLANTA, GA)
Construction Manager will be responsible for the design and construction of the physical structures needed to conduct Lidl US business including stores, distribution centers, offices, and special construction projects. Critical role ensures projects are delivered on time, within budget, and with required quality standards while also meeting the needs of the business.

PROSPER PORTLAND
Assistant General Counsel
(PORTLAND, OR)
Position will support the General Counsel by providing competent and prompt legal advice to the agency and Prosper Portland staff. The Assistant General Counsel must be a transactional expert in the subject areas of commercial real estate and finance, and competent with regard to the public agency laws.

COUSINS PROPERTIES INCORPORATED
Financial Analyst
(ATLANTA, GA)
Analyst will perform analytical and financial support activities related to acquisitions, dispositions, development, leasing, property forecasting and portfolio analysis. Position will also develop, maintain and enhance a variety of financial models and work as part of the Investments and Asset Management Team to present financial and other analysis in an accurate and informative manner.

SHORENSTEIN REALTY SERVICES, L.P.
Property Manager
(SANTA CLARA, CA)
Duties include: developing and submitting budget(s) and MAP reports, ensuring a high quality of analysis, consideration for the goals of the asset and demonstrating a clear understanding of financial operational variances; providing leadership and direction to and effectively managing relationships with other business groups, e.g. leasing, asset management, to ensure a high level of tenant service and achievement of company and property goals and objectives.

LENDLEASE – AMERICAS
US Research Analyst – Real Estate Development
(NEW YORK, NY)
Analyst will work closely with project and national teams to provide market intelligence in order to shape the Company's acquisition and development strategy within the US, through identifying, interpreting and analyzing local, national and specific marking trends impacting the property business.

GREEN COURTE
Asset Management Associate
(CHICAGO, IL)
Associate will provide critical analytical and operations support to Green Courte's growing senior housing portfolio and will be an integral member of Green Courte's asset management team. Primary responsibilities include: preparing and reviewing weekly and monthly operational performance reports; reviewing benchmarking and variable cost data; and performing basic business analysis of ongoing property performance.

NYL INVESTORS, LLC
Real Estate Investment Associate
(New York, NY)
Position will support senior real estate debt and equity originators and will be involved in all aspects of the transaction origination process including underwriting, research, due diligence, and closing. Financial modeling, investment analysis and preparation of internal investment memoranda are the core aspects of the job.

CHEVRON
Facility Critical Systems Coordinator – Electrical
(HOUSTON, TX)
Position will be responsible for the safe and reliable operation of the Chevron Business & Real Estate Services (CBRES) electrical & critical systems for office facilities in San Ramon, Lathrop, Oakland and San Francisco. Responsibilities include: overseeing safety and performance of 40-60 contractors, operation and maintenance of 21KV, 12KV, 4160V, 600V, 480V, 277V, 208V, 120V electrical systems, data center supporting infrastructure, UPS and emergency generator systems, data/voice cable plant, lighting and security & access systems.