Chegg Management

Management criteria checks 3/4

Chegg's CEO is Dan Rosensweig, appointed in Feb 2010, has a tenure of 14.17 years. total yearly compensation is $4.78M, comprised of 23% salary and 77% bonuses, including company stock and options. directly owns 1.8% of the company’s shares, worth €12.27M. The average tenure of the management team and the board of directors is 3.3 years and 6.6 years respectively.

Key information

Dan Rosensweig

Chief executive officer

US$4.8m

Total compensation

CEO salary percentage	23.0%
CEO tenure	14.2yrs
CEO ownership	1.8%
Management average tenure	3.3yrs
Board average tenure	6.6yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Dan Rosensweig's remuneration changed compared to Chegg's earnings?
Date	Total Compensation	Salary	Company Earnings
Mar 31 2024	n/a	n/a	US$15m
Dec 31 2023	US$5m	US$1m	US$18m
Sep 30 2023	n/a	n/a	US$10m
Jun 30 2023	n/a	n/a	US$280m
Mar 31 2023	n/a	n/a	US$263m
Dec 31 2022	US$12m	US$1m	US$267m
Sep 30 2022	n/a	n/a	US$289m
Jun 30 2022	n/a	n/a	US$44m
Mar 31 2022	n/a	n/a	US$69m
Dec 31 2021	US$21m	US$1m	-US$1m
Sep 30 2021	n/a	n/a	US$279k
Jun 30 2021	n/a	n/a	-US$44m
Mar 31 2021	n/a	n/a	-US$66m
Dec 31 2020	US$10m	US$1m	-US$6m
Sep 30 2020	n/a	n/a	-US$24m
Jun 30 2020	n/a	n/a	US$2m
Mar 31 2020	n/a	n/a	-US$11m
Dec 31 2019	US$9m	US$1m	-US$10m
Sep 30 2019	n/a	n/a	-US$12m
Jun 30 2019	n/a	n/a	-US$15m
Mar 31 2019	n/a	n/a	-US$17m
Dec 31 2018	US$9m	US$987k	-US$15m
Sep 30 2018	n/a	n/a	-US$17m
Jun 30 2018	n/a	n/a	-US$14m
Mar 31 2018	n/a	n/a	-US$16m
Dec 31 2017	US$8m	US$920k	-US$20m

Compensation vs Market: Dan's total compensation ($USD4.78M) is above average for companies of similar size in the German market ($USD1.28M).

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

CEO

Dan Rosensweig (61 yo)

14.2yrs

Tenure

US$4,779,849

Compensation

Mr. Daniel Lee Rosensweig, also known as Dan, serves as an Independent Non-Executive Director of upGrad Education Private Limited since March 2023. He has been the Chief Executive Officer and President of...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Daniel Rosensweig	Co-Chairman	14.2yrs	US$4.78m	1.8% $ 12.3m
Nathan Schultz	Chief Operating Officer	1.5yrs	US$7.51m	0.23% $ 1.6m
David Longo	CFO & Treasurer	2.3yrs	no data	0.023% $ 159.7k
Tracey Ford	Vice President of Investor Relations	no data	no data	no data
Woodie Dixon	General Counsel & Corporate Secretary	3.6yrs	no data	no data
Heather Porter	Chief Communications Officer	3.6yrs	no data	no data
Deena Bahri	Chief Marketing Officer	less than a year	no data	no data
Debra Thompson	Chief People Officer	4.1yrs	no data	no data
Mitch Spolan	Executive Vice President of Marketing Services	9.9yrs	no data	no data
Lauren Glotzer	Chief Strategy Officer	3yrs	no data	no data
Candace Sue	Head of Academic Relations	no data	no data	no data
Nina Huntemann	Chief Academic Officer	2.1yrs	no data	no data

3.3yrs

Average Tenure

55yo

Average Age

Experienced Management: 0CG's management team is considered experienced (3.3 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Daniel Rosensweig	Co-Chairman	14.1yrs	US$4.78m	1.8% $ 12.3m
Theodore Schlein	Independent Director	15.3yrs	US$260.00k	0.28% $ 1.9m
Ann Kirschner	Member of Academic Advisory Board	2.5yrs	no data	no data
Richard Sarnoff	Independent Co-Chairperson & Presiding Director	11.7yrs	US$399.99k	0.22% $ 1.5m
Renee Budig	Independent Director	8.4yrs	US$260.00k	0.039% $ 269.1k
John York	Independent Director	10.8yrs	US$260.00k	0.038% $ 259.2k
Marne Levine	Independent Director	10.9yrs	US$266.84k	0.046% $ 313.8k
Dana Born	Member of Academic Advisory Board	2.5yrs	no data	no data
Paul LeBlanc	Chair of Academic Advisory Board & Independent Director	4.8yrs	US$255.66k	0.012% $ 79.7k
Melanie Whelan	Independent Director	4.8yrs	US$260.00k	0.024% $ 164.8k
Sarah Bond	Independent Director	3.3yrs	US$250.00k	0.015% $ 104.3k
Marcela Martin	Independent Director	2.6yrs	US$250.00k	0.012% $ 84.2k

6.6yrs

Average Tenure

60yo

Average Age

Experienced Board: 0CG's board of directors are considered experienced (6.6 years average tenure).

Chegg Management

Management criteria checks 3/4

Key information

Recent management updates

Chegg, Inc., Annual General Meeting, Jun 05, 2024

Chegg, Inc. Appoints Deena Bahri as Chief Marketing Officer

Chegg, Inc. Appoints David Longo as Principal Financial Officer and Treasurer, Effective February 21, 2024

Chegg, Inc. Appoints David Longo as Chief Financial Officer, Effective February 21, 2024

Chegg, Inc., Annual General Meeting, Jun 07, 2023

Chegg, Inc. Appoints Colin Coggins as Senior Vice President of Chegg Skills

Recent updates

Chegg, Inc. Provides Earnings Guidance for the Second Quarter Ending June 30, 2024

First quarter 2024 earnings released: US$0.014 loss per share (vs US$0.018 profit in 1Q 2023)

Chegg, Inc., Annual General Meeting, Jun 05, 2024

Chegg, Inc. to Report Q1, 2024 Results on Apr 29, 2024

Chegg, Inc. Appoints Deena Bahri as Chief Marketing Officer

Full year 2023 earnings released: EPS: US$0.16 (vs US$2.09 in FY 2022)

Chegg, Inc. Appoints David Longo as Principal Financial Officer and Treasurer, Effective February 21, 2024

Chegg, Inc. Provides Earnings Guidance for the First Quarter of 2024

Full year 2023 earnings released: EPS: US$0.16 (vs US$2.09 in FY 2022)

Chegg, Inc. Appoints David Longo as Chief Financial Officer, Effective February 21, 2024

Chegg, Inc. to Report Q4, 2023 Results on Feb 05, 2024

Third quarter 2023 earnings released: US$0.16 loss per share (vs US$1.99 profit in 3Q 2022)

Chegg, Inc. Provides Earnings Guidance for the Fourth Quarter of 2023

Chegg, Inc. to Report Q3, 2023 Results on Oct 30, 2023

Investor sentiment deteriorates as stock falls 18%

Second quarter 2023 earnings released: EPS: US$0.21 (vs US$0.059 in 2Q 2022)

Chegg, Inc. to Report Q2, 2023 Results on Aug 07, 2023

Chegg, Inc., Annual General Meeting, Jun 07, 2023

Investor sentiment deteriorates as stock falls 48%

Chegg, Inc. Appoints Colin Coggins as Senior Vice President of Chegg Skills

First quarter 2023 earnings released: EPS: US$0.018 (vs US$0.043 in 1Q 2022)

Investor sentiment deteriorates as stock falls 19%

Full year 2022 earnings released: EPS: US$2.09 (vs US$0.01 loss in FY 2021)

Chegg, Inc. Provides Earnings Guidance for the First Quarter and Full Year of 2023

Investor sentiment deteriorated over the past week

Chegg, Inc. to Report Q4, 2022 Results on Feb 06, 2023

Board Member recently sold €347k worth of stock

Investor sentiment improved over the past week

Third quarter 2022 earnings released: EPS: US$1.99 (vs US$0.046 in 3Q 2021)

Chegg, Inc. Provides Earnings Guidance for the Fourth Quarter and Full Year of 2022

Chegg Announces Appointment of Nathan Schultz as Chief Operating Officer

Chegg, Inc. to Report Q3, 2022 Results on Nov 01, 2022

Investor sentiment improved over the past week

Second quarter 2022 earnings released: EPS: US$0.059 (vs US$0.23 in 2Q 2021)

Chegg, Inc. Provides Earnings Guidance for the Third Quarter and Year 2022

Chegg, Inc. to Report Q2, 2022 Results on Aug 04, 2022

Chegg, Inc.(NYSE:CHGG) dropped from Russell 1000 Dynamic Index

Investor sentiment improved over the past week

Chegg, Inc. Launches Center for Digital Learning

Byju’s Reportedly Eyes Chegg or 2U as It Weighs US Acquisition

Investor sentiment deteriorated over the past week

Chegg, Inc. Provides Earnings Guidance for the Quarter Ending June 30, 2022 and Full Year Ending December 31, 2022

First quarter 2022 earnings released: EPS: US$0.043 (vs US$0.48 loss in 1Q 2021)

High number of new directors

Chegg, Inc. to Report Q1, 2022 Results on May 02, 2022

Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat

Chegg, Inc. Provides Revenue Guidance for First Quarter 2022 and Full Year 2022

Pomerantz Law Firm Announces the Filing of a Class Action Against Chegg, Inc., and Certain Officers

Chegg, Inc. (NYSE:CHGG) completed the acquisition of Busuu Limited for approximately $450 million.

Chegg Announces “Learn With Chegg”: Its Enhanced Platform to Deliver on the Promise of Personalized Learning

Robbins LLP Informs Investors of Class Action Against Chegg, Inc

Johnson Fistel, LLP Announces Filing of A Class Action Lawsuit on Behalf of Chegg, Inc. Investors Alleging Violations of the Federal Securities Laws

Co-Chairman recently bought €629k worth of stock

Chegg, Inc. (NYSE:CHGG) has entered into a definitive agreement to acquire Busuu Limited for approximately $430 million.

Third quarter 2021 earnings released: EPS US$0.046 (vs US$0.29 loss in 3Q 2020)

High number of new directors

Forecast to breakeven in 2021

Chegg, Inc. Provides Revenues Guidance for the Third Quarter and Full Year of 2021

Second quarter 2021 earnings released: EPS US$0.23 (vs US$0.086 in 2Q 2020)

Chegg, Inc. Announces “Uversity”: A Creator Community for Educators

First quarter 2021 earnings released

Chegg, Inc. Provides Earnings Guidance for the Second Quarter and Full Year 2021

Chegg, Inc. has completed a Follow-on Equity Offering in the amount of $1.000008 billion.

Full year 2020 earnings released: US$0.05 loss per share (vs US$0.081 loss in FY 2019)

Revenue beats expectations

New 90-day high: €83.39

Arizona State University and Chegg Announce Innovative New Partnership to Expand Access for In-Demand Advanced Skills Programs

Chegg Launches HONOR SHIELD

Chegg, Inc. to Report Q4, 2020 Results on Feb 08, 2021