Corning Management

Management criteria checks 3/4

Corning's CEO is Wendell Weeks, appointed in Apr 2005, has a tenure of 19.08 years. total yearly compensation is $15.63M, comprised of 10.1% salary and 89.9% bonuses, including company stock and options. directly owns 0.11% of the company’s shares, worth €29.42M. The average tenure of the management team and the board of directors is 7.5 years and 13.8 years respectively.

Key information

Wendell Weeks

Chief executive officer

US$15.6m

Total compensation

CEO salary percentage	10.1%
CEO tenure	19.1yrs
CEO ownership	0.1%
Management average tenure	7.5yrs
Board average tenure	13.8yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Wendell Weeks's remuneration changed compared to Corning's earnings?
Date	Total Compensation	Salary	Company Earnings
Mar 31 2024	n/a	n/a	US$614m
Dec 31 2023	US$16m	US$2m	US$581m
Sep 30 2023	n/a	n/a	US$585m
Jun 30 2023	n/a	n/a	US$629m
Mar 31 2023	n/a	n/a	US$911m
Dec 31 2022	US$16m	US$2m	US$1b
Sep 30 2022	n/a	n/a	US$2b
Jun 30 2022	n/a	n/a	US$2b
Mar 31 2022	n/a	n/a	US$1b
Dec 31 2021	US$21m	US$1m	US$1b
Sep 30 2021	n/a	n/a	US$819m
Jun 30 2021	n/a	n/a	US$851m
Mar 31 2021	n/a	n/a	US$1b
Dec 31 2020	US$19m	US$1m	US$414m
Sep 30 2020	n/a	n/a	US$194m
Jun 30 2020	n/a	n/a	US$104m
Mar 31 2020	n/a	n/a	US$267m
Dec 31 2019	US$14m	US$1m	US$862m
Sep 30 2019	n/a	n/a	US$1b
Jun 30 2019	n/a	n/a	US$1b
Mar 31 2019	n/a	n/a	US$2b
Dec 31 2018	US$15m	US$1m	US$968m
Sep 30 2018	n/a	n/a	-US$736m
Jun 30 2018	n/a	n/a	-US$971m
Mar 31 2018	n/a	n/a	-US$1b
Dec 31 2017	US$17m	US$1m	-US$595m

Compensation vs Market: Wendell's total compensation ($USD15.63M) is above average for companies of similar size in the Austrian market ($USD4.38M).

Compensation vs Earnings: Wendell's compensation has been consistent with company performance over the past year.

CEO

Wendell Weeks (63 yo)

19.1yrs

Tenure

US$15,627,653

Compensation

Mr. Wendell P. Weeks has been the Chief Executive Officer of Corning Incorporated at Corning Optical Communications LLC since April 26, 2005 and has been its Chairman since April 26, 2007. Mr. Weeks has be...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Wendell Weeks	Chairman & CEO	19.1yrs	US$15.63m	0.11% $ 29.4m
Eric Musser	President & COO	4.1yrs	US$6.72m	0.026% $ 6.6m
Edward Schlesinger	Executive VP & CFO	2.3yrs	US$3.57m	0.0092% $ 2.4m
Lewis Steverson	Executive VP and Chief Legal & Administrative Officer	10.9yrs	US$5.76m	0.0072% $ 1.8m
Jaymin Amin	Senior VP & CTO	1.9yrs	no data	0.012% $ 3.0m
Soumya Seetharam	Senior VP and Chief Digital & Information Officer	1.5yrs	no data	0.0086% $ 2.2m
Ann H. Nicholson	Vice President of Investor Relations	10.8yrs	no data	no data
Kevin Corliss	VP of Global Employee Relations & Chief Compliance Officer	no data	no data	no data
Jordana Kammerud	Senior VP & Chief Human Resources Officer	less than a year	no data	0.0085% $ 2.2m
Martin Curran	Executive VP & Innovation Officer	11.8yrs	no data	0.010% $ 2.6m
John MacMahon	Senior Vice President of Global Compensation & Benefits	no data	no data	no data
Jeffrey Evenson	Executive VP & Chief Strategy Officer	13.2yrs	US$3.37m	0.014% $ 3.5m

7.5yrs

Average Tenure

57yo

Average Age

Experienced Management: GLW's management team is seasoned and experienced (7.5 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Wendell Weeks	Chairman & CEO	23.4yrs	US$15.63m	0.11% $ 29.4m
Hansel Tookes	Independent Director	23.3yrs	US$388.92k	0.011% $ 2.9m
Richard Clark	Lead Independent Director	12.4yrs	US$407.42k	0.0049% $ 1.3m
Kurt Landgraf	Independent Director	17.3yrs	US$404.92k	0.0074% $ 1.9m
Deborah Rieman	Independent Director	25.3yrs	US$376.22k	0.012% $ 3.0m
Mark Wrighton	Independent Director	15.3yrs	US$373.32k	0.0077% $ 2.0m
Leslie Brun	Independent Director	5.8yrs	US$363.74k	0% $ 0
Robert Cummings	Independent Director	17.6yrs	US$376.22k	0.018% $ 4.6m
Deborah Henretta	Independent Director	10.8yrs	US$350.22k	0.0030% $ 779.0k
Stephanie Burns	Independent Director	12.3yrs	US$374.14k	0.0067% $ 1.7m
Kevin Martin	Independent Director	11.3yrs	US$350.22k	0.0037% $ 943.0k
Daniel Huttenlocher	Independent Director	9.3yrs	US$350.22k	0.0016% $ 417.7k

13.8yrs

Average Tenure

71.5yo

Average Age

Experienced Board: GLW's board of directors are seasoned and experienced ( 13.8 years average tenure).

Corning Management

Management criteria checks 3/4

Key information

Recent management updates

Corning Incorporated, Annual General Meeting, May 02, 2024

Corning Incorporated Appoints Thomas D. French to its Board of Directors

Insider recently sold €863k worth of stock

Insider recently sold €191k worth of stock

Insider recently sold €154k worth of stock

Insider recently sold €430k worth of stock

Recent updates

First quarter 2024 earnings released: EPS: US$0.24 (vs US$0.21 in 1Q 2023)

Corning Incorporated to Report Q1, 2024 Results on Apr 30, 2024

Corning Incorporated, Annual General Meeting, May 02, 2024

Upcoming dividend of US$0.28 per share

Fourth quarter dividend of US$0.28 announced

Corning Announces Quarterly Dividend, Payable on March 28, 2024

New minor risk - Earnings quality

Full year 2023 earnings released: EPS: US$0.69 (vs US$1.56 in FY 2022)

Now 22% undervalued

Corning Incorporated Provides Earnings Guidance for the First-Quarter of 2024

Corning Incorporated to Report Q4, 2023 Results on Jan 30, 2024

Upcoming dividend of US$0.28 per share at 4.1% yield

New minor risk - Shareholder dilution

Third quarter 2023 earnings released: EPS: US$0.19 (vs US$0.25 in 3Q 2022)

Corning Incorporated Provides Earnings Guidance for Fourth-Quarter 2023

Corning Incorporated to Report Q3, 2023 Results on Oct 24, 2023

Upcoming dividend of US$0.28 per share at 3.5% yield

Now 20% undervalued

New minor risk - Profit margin trend

Corning Incorporated Provides Sales Guidance for the Third Quarter of 2023

Second quarter 2023 earnings released: EPS: US$0.33 (vs US$0.67 in 2Q 2022)

Corning Incorporated Launches Corning®? Viridian™ Vials

Corning Incorporated(NYSE:GLW) dropped from Russell 1000 Growth Index

Corning Incorporated Appoints Thomas D. French to its Board of Directors

Now 20% undervalued after recent price drop

Upcoming dividend of US$0.28 per share at 3.6% yield

Insider recently sold €863k worth of stock

First quarter 2023 earnings released: EPS: US$0.21 (vs US$0.69 in 1Q 2022)

Now 21% undervalued after recent price drop

Upcoming dividend of US$0.28 per share at 3.1% yield

Insider recently sold €191k worth of stock

Corning Incorporated Announces Increase in Quarterly Dividend, Payable on March 30, 2023

Insider recently sold €154k worth of stock

Full year 2022 earnings released: EPS: US$1.56 (vs US$1.30 in FY 2021)

Corning Incorporated Provides Earnings Guidance for the First-Quarter 2023

Corning Incorporated Redefines Tough with Corning Gorilla Glass Victus 2

Upcoming dividend of US$0.27 per share

Third quarter 2022 earnings released: EPS: US$0.25 (vs US$0.43 in 3Q 2021)

Corning Incorporated Provides Earnings Guidance for the Fourth Quarter 2022

Corning Announces Quarterly Dividend, Payable on December 16, 2022

Corning Incorporated to Report Q3, 2022 Results on Oct 25, 2022

Upcoming dividend of US$0.27 per share

Insider recently sold €430k worth of stock

Insider recently sold €199k worth of stock

Corning Incorporated Provides Earnings Guidance for the Third Quarter and Full Year of 2022

Second quarter 2022 earnings released: EPS: US$0.67 (vs US$0.42 loss in 2Q 2021)

Corning Incorporated to Report Q2, 2022 Results on Jul 26, 2022

Corning Announces Quarterly Dividend, Payable on September 29, 2022

Insider recently sold €230k worth of stock

Upcoming dividend of US$0.27 per share

First quarter 2022 earnings released: EPS: US$0.69 (vs US$0.75 in 1Q 2021)

Corning Incorporated Provides Earnings Guidance for the Second Quarter and Full Year 2022

Discovery Life Sciences, Inc. acquired Gentest business unit from Corning Incorporated (NYSE:GLW).

Upcoming dividend of US$0.27 per share

Corning Incorporated Announces Quarterly Dividend, Payable on March 30, 2022

Investor sentiment improved over the past week

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

Corning Incorporated Expands High-Index Glass Portfolio to Help Accelerate Mass Adoption of Augmented Reality Technology

Now 22% undervalued after recent price drop

Upcoming dividend of US$0.24 per share

Third quarter 2021 earnings released: EPS US$0.44 (vs US$0.53 in 3Q 2020)

Insider recently sold €509k worth of stock

Insider recently sold €197k worth of stock

Second quarter 2021 earnings released: US$0.42 loss per share (vs US$0.13 loss in 2Q 2020)

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team