LendingClub Management

Management criteria checks 3/4

LendingClub's CEO is Scott Sanborn, appointed in May 2016, has a tenure of 7.83 years. total yearly compensation is $4.92M, comprised of 10.2% salary and 89.8% bonuses, including company stock and options. directly owns 1.26% of the company’s shares, worth $12.10M. The average tenure of the management team and the board of directors is 2.8 years and 3.1 years respectively.

Key information

Scott Sanborn

Chief executive officer

US$4.9m

Total compensation

CEO salary percentage10.2%
CEO tenure7.8yrs
CEO ownership1.3%
Management average tenure2.8yrs
Board average tenure3.1yrs

Recent management updates

Recent updates

LendingClub's ROA Positivity: A Glimmer Amidst Uncertainty (Rating Upgrade)

Feb 02

LendingClub: Buybacks And Increased Profitability Could Be On The Cards

Jan 22

LendingClub: Cheap Today, Cheaper Tomorrow

Nov 28

The Consensus EPS Estimates For LendingClub Corporation (NYSE:LC) Just Fell Dramatically

Oct 31
The Consensus EPS Estimates For LendingClub Corporation (NYSE:LC) Just Fell Dramatically

LendingClub: Pause Won't Last Forever

Oct 17

LendingClub: Declining ROA And Growing Loans, Avoid (Rating Downgrade)

Sep 25

LendingClub's Recovery Postponed

Aug 03

LendingClub: Share Price Surge And Marketplace Challenges

Jun 21

LendingClub: Several Positive Catalysts Support Upside Potential

Jun 08

LendingClub Corporation (NYSE:LC) Surges 33% Yet Its Low P/E Is No Reason For Excitement

Jun 03
LendingClub Corporation (NYSE:LC) Surges 33% Yet Its Low P/E Is No Reason For Excitement

Does LendingClub (NYSE:LC) Deserve A Spot On Your Watchlist?

May 05
Does LendingClub (NYSE:LC) Deserve A Spot On Your Watchlist?

LendingClub: When Headwinds Turn To Tailwinds

Feb 19

Things Look Grim For LendingClub Corporation (NYSE:LC) After Today's Downgrade

Feb 01
Things Look Grim For LendingClub Corporation (NYSE:LC) After Today's Downgrade

LendingClub Q4 GAAP EPS, revenue beats

Jan 25

LendingClub announces job cuts as revenue hit by Fed's aggressive rate hikes

Jan 12

LendingClub: Highly Profitable FinTech Bank

Jan 05

SoFi Vs. LendingClub: Which Is The Better FinTech To Hold In A Recession?

Nov 16

LendingClub's Decent Quarter Doesn't Bode Well For Upstart

Nov 03

LendingClub Non-GAAP EPS of $0.36 beats by $0.04, revenue of $304.9M beats by $10.08M

Oct 26

LendingClub Has A Killer Business Model

Oct 16

SoFi Or LendingClub: Which Is The Better Stock To Buy?

Sep 15

LendingClub: What To Expect Next

Sep 05

LendingClub: Playbook For A Recession

Jul 28

LendingClub: The Risks And What To Expect

Jul 18

LendingClub's Earnings Power Is Only Beginning To Show

Jul 05

LendingClub: Deep Dive On Strategy And Capital Allocation

Jun 05

LendingClub: My Top Pick In The FinTech Space

May 25

LendingClub: Combining Growth And Value Which Is A Sneaky Good Play For Inflationary Environment

Apr 25

CEO Compensation Analysis

How has Scott Sanborn's remuneration changed compared to LendingClub's earnings?
DateTotal CompensationSalaryCompany Earnings
Dec 31 2023n/an/a

US$39m

Sep 30 2023n/an/a

US$52m

Jun 30 2023n/an/a

US$91m

Mar 31 2023n/an/a

US$263m

Dec 31 2022US$5mUS$500k

US$290m

Sep 30 2022n/an/a

US$295m

Jun 30 2022n/an/a

US$279m

Mar 31 2022n/an/a

US$107m

Dec 31 2021US$7mUS$500k

US$19m

Sep 30 2021n/an/a

-US$37m

Jun 30 2021n/an/a

-US$99m

Mar 31 2021n/an/a

-US$187m

Dec 31 2020US$6mUS$400k

-US$188m

Sep 30 2020n/an/a

-US$161m

Jun 30 2020n/an/a

-US$127m

Mar 31 2020n/an/a

-US$59m

Dec 31 2019US$6mUS$500k

-US$31m

Sep 30 2019n/an/a

-US$44m

Jun 30 2019n/an/a

-US$67m

Mar 31 2019n/an/a

-US$117m

Dec 31 2018US$6mUS$500k

-US$128m

Sep 30 2018n/an/a

-US$207m

Jun 30 2018n/an/a

-US$191m

Mar 31 2018n/an/a

-US$155m

Dec 31 2017US$7mUS$500k

-US$154m

Compensation vs Market: Scott's total compensation ($USD4.92M) is above average for companies of similar size in the US market ($USD3.31M).

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


CEO

Scott Sanborn (54 yo)

7.8yrs

Tenure

US$4,919,050

Compensation

Mr. Scott C. Sanborn has been the Chief Executive Officer of LendingClub Corporation since June 28, 2016. Mr. Sanborn served as the President of LendingClub Corporation since April 18, 2016 until May 22, 2...


Leadership Team

NamePositionTenureCompensationOwnership
Scott Sanborn
CEO & Director7.8yrsUS$4.92m1.26%
$ 12.1m
Andrew LaBenne
Chief Financial Officer1.5yrsUS$3.70m0.094%
$ 897.7k
Ronnie Momen
Chief Consumer Banking Officerno dataUS$3.54m0.24%
$ 2.3m
Annie Armstrong
Chief Risk Officerno dataUS$1.82m0.29%
$ 2.8m
Fergal Stack
Principal Accounting Officer & Corporate Controller6.6yrsno data0.19%
$ 1.8m
Balaji Thiagarajan
Chief Technology Officer2.1yrsno datano data
Sameer Gokhale
Head of Investor Relationsno datano datano data
Jordan Cheng
General Counsel & Secretaryless than a yearno data0.084%
$ 809.6k
Tina Wilson
Chief People Officer3.4yrsno datano data
Joel Schipper
Chief Audit Executive4.2yrsno datano data
Amber Carroll
Senior Vice President of Membership & Lifecycle Marketing2.8yrsno datano data
Mark Elliot
Chief Customer Officerless than a yearno datano data

2.8yrs

Average Tenure

53yo

Average Age

Experienced Management: LC's management team is considered experienced (2.8 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Scott Sanborn
CEO & Director7.6yrsUS$4.92m1.26%
$ 12.1m
Allan Landon
Independent Director3.1yrsUS$294.01k0.071%
$ 682.5k
Michael Zeisser
Independent Director4.5yrsUS$265.41k0.090%
$ 865.5k
Timothy Mayopoulos
Independent Director7.6yrsUS$283.01k0.11%
$ 1.0m
Stephen Cutler
Independent Directorless than a yearno data0.032%
$ 310.7k
Kathryn Reimann
Independent Director1.6yrsUS$185.42k0.023%
$ 222.2k
John Morris
Independent Chairman11.1yrsUS$296.51k0.17%
$ 1.6m
Erin Selleck
Independent Director3.1yrsUS$293.51k0.041%
$ 391.8k
Janey Whiteside
Independent Directorless than a yearno data0.017%
$ 161.6k
S. Ahmad
Independent Director1.6yrsUS$182.58k0.023%
$ 222.2k

3.1yrs

Average Tenure

63yo

Average Age

Experienced Board: LC's board of directors are considered experienced (3.1 years average tenure).


Simply Wall Street Pty Ltd (ACN 600 056 611), is a Corporate Authorised Representative (Authorised Representative Number: 467183) of Sanlam Private Wealth Pty Ltd (AFSL No. 337927). Any advice contained in this website is general advice only and has been prepared without considering your objectives, financial situation or needs. You should not rely on any advice and/or information contained in this website and before making any investment decision we recommend that you consider whether it is appropriate for your situation and seek appropriate financial, taxation and legal advice. Please read our Financial Services Guide before deciding whether to obtain financial services from us.