How has Jeff Solomon's remuneration changed compared to Cowen's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2022	US$15m	US$1m	US$70m
Sep 30 2022	n/a	n/a	US$122m
Jun 30 2022	n/a	n/a	US$145m
Mar 31 2022	n/a	n/a	US$176m
Dec 31 2021	US$29m	US$1m	US$289m
Sep 30 2021	n/a	n/a	US$316m
Jun 30 2021	n/a	n/a	US$298m
Mar 31 2021	n/a	n/a	US$367m
Dec 31 2020	US$19m	US$1m	US$210m
Sep 30 2020	n/a	n/a	US$123m
Jun 30 2020	n/a	n/a	US$106m
Mar 31 2020	n/a	n/a	-US$2m
Dec 31 2019	US$7m	US$950k	US$18m
Sep 30 2019	n/a	n/a	US$18m
Jun 30 2019	n/a	n/a	US$29m
Mar 31 2019	n/a	n/a	US$29m
Dec 31 2018	US$5m	US$950k	US$36m
Sep 30 2018	n/a	n/a	-US$45m
Jun 30 2018	n/a	n/a	-US$56m
Mar 31 2018	n/a	n/a	-US$54m
Dec 31 2017	US$3m	US$950k	-US$68m
Sep 30 2017	n/a	n/a	US$6m
Jun 30 2017	n/a	n/a	-US$1m
Mar 31 2017	n/a	n/a	-US$19m
Dec 31 2016	US$5m	US$950k	-US$26m

Compensation vs Market: Jeff's total compensation ($USD15.49M) is above average for companies of similar size in the US market ($USD3.60M).

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

CEO

Jeff Solomon (56 yo)

5.3yrs

Tenure

US$15,493,971

Compensation

Mr. Jeffrey Marc Solomon, also known as Jeff, has been Chairman of the Board at Cowen Inc. Mr. Solomon has been the Chief Executive Officer at Cowen Inc. since December 27, 2017 and was its Chairman of the...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Jeffrey Solomon	Chairman of the Board & CEO	5.3yrs	US$15.49m	2.22% $ 23.5m
Stephen Lasota	MD & CFO	13.3yrs	US$3.90m	0.94% $ 10.0m
John Holmes	MD & COO	8.1yrs	US$4.03m	0.81% $ 8.6m
Owen Littman	MD, General Counsel & Secretary	12.7yrs	US$3.91m	0.73% $ 7.8m
Daniel Charney	MD & Co-President	5.2yrs	no data	no data
Larry Wieseneck	Co-President & Head of Investment Banking	1.2yrs	no data	no data
Elizabeth Rosman	MD & Head of Investment Management	4.6yrs	no data	no data
John DiMaiuta	MD & Chief Technology Officer	no data	no data	no data
Kelly Weigel	MD & Head of Marketing	5.7yrs	no data	no data
Rhys Brooks	Head of Sales Trading	no data	no data	no data
Jenny Killeen	MD & Head of Human Resources	1.8yrs	no data	no data
Thomas Strauss	Vice Chair	10.3yrs	US$2.19m	no data

5.5yrs

Average Tenure

58yo

Average Age

Experienced Management: COWN's management team is seasoned and experienced (5.5 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Jeffrey Solomon	Chairman of the Board & CEO	11.3yrs	US$15.49m	2.22% $ 23.5m
Steven Kotler	Independent Director	12.8yrs	US$270.00k	0.092% $ 974.8k
Katherine Dietze	Independent Director	11.8yrs	US$285.00k	0.044% $ 468.2k
Douglas Rediker	Independent Director	7.9yrs	US$250.00k	0% $ 0
Lawrence Leibowitz	Independent Director	4.8yrs	US$250.00k	0.029% $ 311.9k
Gregg Gonsalves	Independent Director	2.9yrs	US$250.00k	0% $ 0
Lorence Kim	Independent Director	1.1yrs	US$333.33k	0.11% $ 1.2m
Brett Barth	Lead Independent Director	4.8yrs	US$327.48k	0.26% $ 2.7m
Margaret Poster	Independent Director	3.9yrs	US$250.00k	0.050% $ 528.2k

4.8yrs

Average Tenure

61yo

Average Age

Experienced Board: COWN's board of directors are considered experienced (4.8 years average tenure).

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2023/03/02 09:24
End of Day Share Price	2023/02/28 00:00
Earnings	2022/12/31
Annual Earnings	2022/12/31

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	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* 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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

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 Github.

Analyst Sources

Cowen Inc. is covered by 10 analysts. 3 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
Guy Moszkowski	BofA Global Research
James Mitchell	Buckingham Research Group Inc.
Christopher Walsh	Buckingham Research Group Inc.

This company has been acquired

Cowen Management

Management criteria checks 3/4

Key information

Recent management updates

Cowen Inc. Announces Four Key Additions to the Firm’s Global Cross-Asset Division

Cowen Inc., Annual General Meeting, Jun 23, 2022

Cowen Inc. Appoints Brian Hagerty as Managing Director, Biotechnology

Lead Independent Director recently bought US$288k worth of stock

Cowen Appoints Lorence Kim as New Independent Board Director

Cowen Inc. Announces Steven Mah to Equity Research Team

Recent updates

Cowen's (NASDAQ:COWN) Dividend Will Be $0.12

Cowen Inc. Declares Cash Dividend, Payable on March 15, 2023

Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

Cowen Inc. to Report Q4, 2022 Results on Feb 17, 2023

Upcoming dividend of US$0.12 per share

Price target decreased to US$39.00

Cowen Inc. Declares Cash Dividend, Payable on December 15, 2022

Third quarter 2022 earnings: EPS and revenues exceed analyst expectations

Cowen Inc. to Report Q3, 2022 Results on Oct 28, 2022

Consensus EPS estimates fall by 35%

Now 20% undervalued

Cowen: Review Of The Acquisition By The Toronto-Dominion Bank

Cowen Inc. Announces Four Key Additions to the Firm’s Global Cross-Asset Division

Upcoming dividend of US$0.12 per share

Second quarter 2022 earnings released: EPS: US$0.45 (vs US$1.62 in 2Q 2021)

Cowen Inc. Declares Cash Dividend, Payable on September 15, 2022

Price target decreased to US$39.50

Cowen declares $0.12 dividend

The Toronto-Dominion Bank (TSX:TD) entered into a definitive agreement to acquire Cowen Inc. (NasdaqGS:COWN) for $1.3 billion.

Investor sentiment improved over the past week

Consensus EPS estimates fall by 17%

Investor sentiment improved over the past week

Toronto-Dominion Reportedly Looks into Takeover of Cowen

Cowen jumps on report Toronto-Dominion bank said to weigh potential purchase

Cowen Inc. (NasdaqGS:COWN) acquired Kelvin Re Limited.

Investor sentiment deteriorated over the past week

Cowen: A Deeply Discounted Opportunity

Cowen Inc., Annual General Meeting, Jun 23, 2022

Upcoming dividend of US$0.12 per share

Cowen Inc. Declares Quarterly Cash Dividend, Payable on June 15, 2022

First quarter 2022 earnings: EPS and revenues exceed analyst expectations

Price target decreased to US$42.50

Analysts Just Shaved Their Cowen Inc. (NASDAQ:COWN) Forecasts Dramatically

Price target decreased to US$45.83

Investor sentiment deteriorated over the past week

With EPS Growth And More, Cowen (NASDAQ:COWN) Is Interesting

Cowen Inc.: Appears Too Cheap

Now 25% undervalued after recent price drop

Cowen Inc. Appoints Brian Hagerty as Managing Director, Biotechnology

Lead Independent Director recently bought US$288k worth of stock

Consensus forecasts updated

Upcoming dividend of US$0.12 per share

Cowen's (NASDAQ:COWN) Shareholders Will Receive A Bigger Dividend Than Last Year

Full year 2021 earnings: EPS and revenues exceed analyst expectations

Cowen Inc. Declares Quarterly Cash Dividend, Payable on March 15, 2022

Cowen Appoints Lorence Kim as New Independent Board Director

Cowen Inc. Announces Steven Mah to Equity Research Team

Cowen Inc. (NasdaqGS:COWN) completed the acquisition of Portico Capital Securities LLC from Portico Holdings LLC.

Cowen: Undervaluation And Strong Prospects Are Too Tempting To Ignore

Lead Independent Director recently bought US$358k worth of stock

Cowen Inc. (NasdaqGS:COWN) signed a definitive agreement to acquire Portico Capital Securities LLC from Portico Holdings LLC.

Upcoming dividend of US$0.10 per share

Should You Be Adding Cowen (NASDAQ:COWN) To Your Watchlist Today?

Third quarter 2021 earnings released: EPS US$1.25 (vs US$0.67 in 3Q 2020)

Upcoming dividend of US$0.10 per share

Cowen: Attractively Priced With Significant Growth Opportunities

Cowen (NASDAQ:COWN) Is Increasing Its Dividend To US$0.10

Second quarter 2021 earnings released: EPS US$1.62 (vs US$4.01 in 2Q 2020)

Cowen: An Investment Bank Worthy Of Your Investment?

Vice Chairman Fred Fraenkel has left the company

Cowen Inc.(NasdaqGS:COWN) dropped from Russell Microcap Growth Index

Upcoming dividend of US$0.10 per share

Need To Know: Analysts Are Much More Bullish On Cowen Inc. (NASDAQ:COWN)

First quarter 2021 earnings released: EPS US$5.43 (vs US$0.41 loss in 1Q 2020)

Cowen Inc. Increases Its Quarterly Cash Dividend, Payable on June 15, 2021

Cowen Inc. 2021 Q1 - Results - Earnings Call Presentation

Price target increased to US$53.60

Consensus EPS estimates increase to US$6.19