Loews Management

Management criteria checks 4/4

Loews' CEO is James Tisch, appointed in Jan 1998, has a tenure of 26.25 years. total yearly compensation is $6.92M, comprised of 14.1% salary and 85.9% bonuses, including company stock and options. directly owns 6.74% of the company’s shares, worth $1.15B. The average tenure of the management team and the board of directors is 8.8 years and 20.5 years respectively.

Key information

James Tisch

Chief executive officer

US$6.9m

Total compensation

CEO salary percentage	14.1%
CEO tenure	26.3yrs
CEO ownership	6.7%
Management average tenure	8.8yrs
Board average tenure	20.5yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has James Tisch's remuneration changed compared to Loews's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	US$7m	US$975k	US$1b
Sep 30 2023	n/a	n/a	US$2b
Jun 30 2023	n/a	n/a	US$1b
Mar 31 2023	n/a	n/a	US$1b
Dec 31 2022	US$6m	US$975k	US$822m
Sep 30 2022	n/a	n/a	US$810m
Jun 30 2022	n/a	n/a	US$1b
Mar 31 2022	n/a	n/a	US$2b
Dec 31 2021	US$6m	US$975k	US$2b
Sep 30 2021	n/a	n/a	US$2b
Jun 30 2021	n/a	n/a	US$2b
Mar 31 2021	n/a	n/a	-US$38m
Dec 31 2020	US$7m	US$651k	-US$931m
Sep 30 2020	n/a	n/a	-US$1b
Jun 30 2020	n/a	n/a	-US$1b
Mar 31 2020	n/a	n/a	-US$94m
Dec 31 2019	US$9m	US$975k	US$932m
Sep 30 2019	n/a	n/a	US$550m
Jun 30 2019	n/a	n/a	US$756m
Mar 31 2019	n/a	n/a	US$737m
Dec 31 2018	US$6m	US$975k	US$636m
Sep 30 2018	n/a	n/a	US$1b
Jun 30 2018	n/a	n/a	US$1b
Mar 31 2018	n/a	n/a	US$1b
Dec 31 2017	US$7m	US$975k	US$1b

Compensation vs Market: James's total compensation ($USD6.92M) is below average for companies of similar size in the US market ($USD13.52M).

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

CEO

James Tisch (70 yo)

26.3yrs

Tenure

US$6,918,337

Compensation

Mr. James S. Tisch, also known as Jim, has been President and Chief Executive Officer and Member of the Officer of the President of Loews Corporation, the holding Company of CNA Financial Corporation since...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Jonathan Tisch	Co-Chairman of the Board & Member of the Office of the President	37.9yrs	US$4.83m	4.27% $ 727.6m
James Tisch	President	26.3yrs	US$6.92m	6.74% $ 1.1b
Jane Wang	Senior VP & CFO	1.9yrs	US$3.46m	0.0027% $ 456.6k
Richard Scott	Senior VP & Chief Investment Officer	15.3yrs	US$4.67m	0.023% $ 4.0m
Kenneth Siegel	Senior Vice President	no data	US$6.25m	0.0032% $ 536.7k
Mark Schwartz	VP, Chief Accounting Officer & Treasurer	18.8yrs	no data	no data
Marc Alpert	Senior VP	7.8yrs	no data	0.0089% $ 1.5m
Benjamin Tisch	Senior VP of Corporate Development & Strategy	no data	no data	0.31% $ 53.5m
Ira Altman	Vice President of Human Resources	1.4yrs	no data	no data
Alexander Tisch	President & CEO of Loews Hotels & Co	1.3yrs	no data	no data
Peter Keegan	Senior Advisor to the President	no data	US$3.42m	no data

8.8yrs

Average Tenure

66yo

Average Age

Experienced Management: L's management team is seasoned and experienced (8.8 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Jonathan Tisch	Co-Chairman of the Board & Member of the Office of the President	37.9yrs	US$4.83m	4.27% $ 727.6m
James Tisch	President	37.9yrs	US$6.92m	6.74% $ 1.1b
Andrew Tisch	Co-Chairman of the Board	38.9yrs	US$430.92k	6.7% $ 1.1b
Charles Diker	Independent Director	21.3yrs	US$247.50k	0.0082% $ 1.4m
Charles Davidson	Independent Director	9.2yrs	US$218.96k	0.011% $ 1.9m
Anthony Welters	Independent Director	10.5yrs	US$222.50k	0.0037% $ 625.3k
Joseph Bower	Independent Director	23.3yrs	US$277.50k	0.0070% $ 1.2m
Paul Fribourg	Independent Lead Director	26.9yrs	US$297.50k	0% $ 0
Walter Harris	Independent Director	19.8yrs	US$287.50k	0.0095% $ 1.6m
Ann Berman	Independent Director	18.3yrs	US$237.50k	0.0015% $ 252.2k
Susan Peters	Independent Director	5.9yrs	US$222.50k	0.00088% $ 149.9k
Jonathan Locker	Independent Director	less than a year	US$106.50k	0.0072% $ 1.2m

20.5yrs

Average Tenure

70.5yo

Average Age

Experienced Board: L's board of directors are seasoned and experienced ( 20.5 years average tenure).

Loews Management

Management criteria checks 4/4

Key information

Recent management updates

Loews Corporation, Annual General Meeting, May 14, 2024

Co-Chairman of the Board recently sold US$18m worth of stock

Key Executive exercised options and sold US$1.3m worth of stock

Loews Corporation Announces Retirement of Joseph L. Bower from the Board of Directors

Key Executive notifies of intention to sell stock

Co-Chairman of the Board recently sold US$14m worth of stock

Recent updates

Loews Corporation to Report Q1, 2024 Results on May 06, 2024

Loews Corporation (NYSE:L) Looks Inexpensive But Perhaps Not Attractive Enough

Loews: An Update For 2024, Still Hold

Loews Corporation, Annual General Meeting, May 14, 2024

Here's Why We Think Loews (NYSE:L) Is Well Worth Watching

Co-Chairman of the Board recently sold US$18m worth of stock

Upcoming dividend of US$0.063 per share at 0.3% yield

Key Executive exercised options and sold US$1.3m worth of stock

Fourth quarter dividend of US$0.063 announced

Loews Corporation Announces Quarterly Dividend, Payable on March 5, 2024

Loews Corporation (NYSE:L) completed the acquisition of Williams Bayou Ethane Pipeline, LLC.

Now 21% overvalued after recent price rise

Loews Corporation Announces Retirement of Joseph L. Bower from the Board of Directors

Key Executive notifies of intention to sell stock

Lacklustre Performance Is Driving Loews Corporation's (NYSE:L) Low P/E

Here's Why We Think Loews (NYSE:L) Is Well Worth Watching

Co-Chairman of the Board recently sold US$14m worth of stock

President exercised options to buy US$1.4m worth of stock.

Upcoming dividend of US$0.063 per share at 0.4% yield

Loews Corporation Announces Quarterly Dividend on Common Stock, Payable on December 5, 2023

Loews: I Don't See Any Reason To Invest Here In This Market

Director recently bought US$1.0m worth of stock

Third quarter 2023 earnings released: EPS: US$1.12 (vs US$0.54 in 3Q 2022)

Loews Corporation to Report Q3, 2023 Results on Oct 30, 2023

Loews Corporation Elects Jonathan Locker to Its Board of Directors

Loews: The Underperformance Continues, I Say Hold

Here's Why Loews (NYSE:L) Has Caught The Eye Of Investors

Upcoming dividend of US$0.063 per share at 0.4% yield

Loews Corporation Announces Quarterly Dividend on Common Stock, Payable on August 29, 2023

Second quarter 2023 earnings released: EPS: US$1.58 (vs US$0.73 in 2Q 2022)

Loews Corporation to Report Q2, 2023 Results on Jul 31, 2023

Loews' Prudent Capital Deployment And Decentralization Promote Value Creation

Insider recently bought US$19m worth of stock

Upcoming dividend of US$0.063 per share at 0.4% yield

Loews Corporation Announces Declaration of Quarterly Dividend, Payable June 6, 2023

First quarter 2023 earnings released: EPS: US$1.61 (vs US$1.36 in 1Q 2022)

Upcoming dividend of US$0.063 per share at 0.4% yield

Senior VP & Chief Investment Officer exercised options and sold US$782k worth of stock

Loews Corporation Announces Quarterly Dividend, Payable on March 7, 2023

Full year 2022 earnings released: EPS: US$4.16 (vs US$6.08 in FY 2021)

Loews GAAP EPS of $1.53, revenue of $3.79B

Loews Corporation to Report Q4, 2022 Results on Feb 06, 2023

Loews - Not Yet Investable, Remains A Hold For 2023

Loews Corporation Announces Resignation of Philip A. Laskawy from the Board of Directors

Key Executive exercised options and sold US$845k worth of stock

Delaware court overturns $690M fine on Loews for Boardwalk deal

Co-Chairman of the Board exercised options to buy US$783k worth of stock.

Insufficient new directors

Loews Corporation Announces Quarterly Dividend, Payable on December 6, 2022

Loews declares $0.0625 dividend

Loews Corporation Appoints Alex Tisch as CEO, Effective January 1, 2023

Third quarter 2022 earnings released: EPS: US$0.54 (vs US$0.86 in 3Q 2021)

Loews GAAP EPS of $0.54, revenue of $3.46B

Loews Corporation to Report Q3, 2022 Results on Oct 31, 2022

Electra America Hospitality Group acquired Loews Boston Hotel from Loews Corporation (NYSE:L) for approximately $120 million.

Loews Corporation Is A Key Addition To A Retirement Portfolio

Upcoming dividend of US$0.063 per share

Loews Corporation Declares Quarterly Dividend, Payable August 30, 2022

Second quarter 2022 earnings released: EPS: US$0.73 (vs US$2.87 in 2Q 2021)

Loews Corporation Reports Impairment Charges for the Quarter Ended June 30, 2022

Loews GAAP EPS of $0.73, revenue of $3.39B

Loews Corporation to Report Q2, 2022 Results on Aug 01, 2022

Co-Chairman of the Board exercised options and sold US$2.3m worth of stock

Loews Corporation(NYSE:L) dropped from Russell 1000 Dynamic Index

Independent Director exercised options and sold US$57k worth of stock

Co-Chairman of the Board recently sold US$32m worth of stock

Senior VP & Chief Investment Officer exercised options and sold US$394k worth of stock

Loews: Not Just Insurance, But It's A "HOLD" Here

Upcoming dividend of US$0.063 per share