Clip Money Management
Management criteria checks 2/4
Clip Money's CEO is Joe Abou-Arrage, appointed in May 2022, has a tenure of 2.5 years. total yearly compensation is $400.00K, comprised of 100% salary and 0% bonuses, including company stock and options. directly owns 15.23% of the company’s shares, worth CA$3.92M. The average tenure of the management team and the board of directors is 2.5 years and 2.5 years respectively.
Key information
Joe Abou-Arrage
Chief executive officer
US$400.0k
Total compensation
| CEO salary percentage | 100.0% |
| CEO tenure | 2.5yrs |
| CEO ownership | 15.2% |
| Management average tenure | 2.5yrs |
| Board average tenure | 2.5yrs |
Recent management updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2024 | n/a | n/a | -US$9m |
| Jun 30 2024 | n/a | n/a | -US$9m |
| Mar 31 2024 | n/a | n/a | -US$9m |
| Dec 31 2023 | US$400k | US$400k | -US$9m |
| Sep 30 2023 | n/a | n/a | -US$10m |
| Jun 30 2023 | n/a | n/a | -US$10m |
| Mar 31 2023 | n/a | n/a | -US$13m |
| Dec 31 2022 | US$575k | US$325k | -US$12m |
| Sep 30 2022 | n/a | n/a | -US$11m |
| Jun 30 2022 | n/a | n/a | -US$10m |
| Mar 31 2022 | n/a | n/a | -US$6m |
| Dec 31 2021 | US$441k | US$188k | -US$4m |
| Dec 31 2020 | US$144k | US$144k | -US$2m |
Compensation vs Market: Joe's total compensation ($USD400.00K) is above average for companies of similar size in the Canadian market ($USD167.77K).
Compensation vs Earnings: Joe's compensation has been consistent with company performance over the past year.
CEO
Joe Abou-Arrage (46 yo)
2.5yrs
Tenure
US$400,000
Compensation
Mr. Joseph Abou-Arrage, also known as Joe, is Co-Founder,and CEO of Clip Money, Inc. since May 2022 & served as Chairman of Board since May 2022 until August 29, 2023 also serves as Director . Prior to co-...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Co-Founder | 2.5yrs | US$400.00k | 15.23% CA$ 3.9m | |
| President | 1.6yrs | US$624.97k | 3.9% CA$ 1.0m | |
| Chief Financial Officer | 2.5yrs | US$314.10k | 0.58% CA$ 149.8k | |
| Chief Technology Officer | 2.5yrs | US$334.39k | 0.81% CA$ 208.0k |
2.5yrs
Average Tenure
Experienced Management: CLIP's management team is considered experienced (2.5 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Co-Founder | 2.5yrs | US$400.00k | 15.23% CA$ 3.9m | |
| Independent Chairman of Board | 2.5yrs | US$49.04k | 0.58% CA$ 149.7k | |
| Director | less than a year | no data | no data | |
| Independent Director | 2.5yrs | US$59.54k | 0.87% CA$ 223.6k | |
| Independent Director | less than a year | no data | no data |
2.5yrs
Average Tenure
66yo
Average Age
Experienced Board: CLIP's board of directors are not considered experienced ( 2.5 years average tenure), which suggests a new board.