Corning Management
Management criteria checks 3/4
Corning's CEO is Wendell Weeks, appointed in Apr 2005, has a tenure of 19.67 years. total yearly compensation is $15.63M, comprised of 10.1% salary and 89.9% bonuses, including company stock and options. directly owns 0.1% of the company’s shares, worth €40.33M. The average tenure of the management team and the board of directors is 8 years and 11.6 years respectively.
Key information
Wendell Weeks
Chief executive officer
US$15.6m
Total compensation
| CEO salary percentage | 10.1% |
| CEO tenure | 19.7yrs |
| CEO ownership | 0.1% |
| Management average tenure | 8yrs |
| Board average tenure | 11.6yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2024 | n/a | n/a | US$156m |
| Jun 30 2024 | n/a | n/a | US$437m |
| 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 German market ($USD4.86M).
Compensation vs Earnings: Wendell's compensation has been consistent with company performance over the past year.
CEO
Wendell Weeks (64 yo)
19.7yrs
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 |
|---|---|---|---|---|
| Chairman & CEO | 19.7yrs | US$15.63m | 0.10% € 40.3m | |
| President & COO | 4.7yrs | US$6.72m | 0.021% € 8.3m | |
| Executive VP & CFO | 2.8yrs | US$3.57m | 0.0093% € 3.6m | |
| Executive VP and Chief Legal & Administrative Officer | 11.5yrs | US$5.76m | 0.0019% € 755.3k | |
| Senior VP & CTO | 2.5yrs | no data | 0.011% € 4.1m | |
| Senior VP and Chief Digital & Information Officer | 2.1yrs | no data | 0.0052% € 2.0m | |
| Vice President of Investor Relations | 11.4yrs | no data | no data | |
| VP of Global Employee Relations & Chief Compliance Officer | no data | no data | no data | |
| Senior VP & Chief Human Resources Officer | 1.4yrs | no data | 0.0072% € 2.8m | |
| Executive VP & Innovation Officer | 12.3yrs | no data | 0.0012% € 471.1k | |
| Senior Vice President of Global Compensation & Benefits | no data | no data | no data | |
| Senior Vice President of Corning International & New Business Development of Solar | 12.7yrs | no data | no data |
8.0yrs
Average Tenure
60yo
Average Age
Experienced Management: GLW's management team is seasoned and experienced (8 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & CEO | 24yrs | US$15.63m | 0.10% € 40.3m | |
| Independent Director | 3.5yrs | US$356.47k | no data | |
| Independent Director | 25.9yrs | US$376.22k | 0.012% € 4.6m | |
| Independent Director | 15.8yrs | US$373.32k | 0.0077% € 3.0m | |
| Independent Director | 6.4yrs | US$363.74k | no data | |
| Independent Director | 18.2yrs | US$376.22k | 0.018% € 6.9m | |
| Independent Director | 11.4yrs | US$350.22k | 0.0030% € 1.2m | |
| Lead Independent Director | 12.9yrs | US$374.14k | 0.0067% € 2.6m | |
| Independent Director | 11.8yrs | US$350.22k | 0.0037% € 1.4m | |
| Independent Director | 3.7yrs | US$355.42k | 0.00081% € 315.3k | |
| Independent Director | 9.8yrs | US$350.22k | 0.0016% € 630.7k | |
| Independent Director | 1.5yrs | US$213.43k | no data |
11.6yrs
Average Tenure
68yo
Average Age
Experienced Board: GLW's board of directors are seasoned and experienced ( 11.6 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/23 03:27 |
| End of Day Share Price | 2024/12/23 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Corning Incorporated is covered by 46 analysts. 12 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| James Kelleher | Argus Research Company |
| Ishan Majumdar | Baptista Research |
| Amir Rozwadowski | Barclays |