Cleveland-Cliffs Management
Management criteria checks 2/4
Cleveland-Cliffs' CEO is C. Goncalves, appointed in Aug 2014, has a tenure of 10.33 years. total yearly compensation is $26.18M, comprised of 8.1% salary and 91.9% bonuses, including company stock and options. directly owns 1.03% of the company’s shares, worth $50.81M. The average tenure of the management team and the board of directors is 3.3 years and 10.3 years respectively.
Key information
C. Goncalves
Chief executive officer
US$26.2m
Total compensation
| CEO salary percentage | 8.1% |
| CEO tenure | 10.3yrs |
| CEO ownership | 1.0% |
| Management average tenure | 3.3yrs |
| Board average tenure | 10.3yrs |
Recent management updates
Recent updates
Trump, Tariffs, And Turnarounds: Why Cleveland-Cliffs Is A Top Pick For 2025
Dec 10There's No Escaping Cleveland-Cliffs Inc.'s (NYSE:CLF) Muted Revenues
Nov 27
Cleveland-Cliffs Falls On Q3 Earnings - A Gift For Long-Term Buyers
Nov 06Cleveland-Cliffs: The American Steel Industry Is In An Economic Depression
Oct 26Cleveland-Cliffs: There's No Sign Of A Turnaround
Oct 08Cleveland-Cliffs (NYSE:CLF) Takes On Some Risk With Its Use Of Debt
Oct 05Cleveland-Cliffs: Things Are Getting From Bad To Worse
Sep 23Cleveland-Cliffs: Cyclical And Pointing Down - Where Would It Be Bullish?
Sep 03The Steel Industry's Best-Kept Secret: Cleveland-Cliffs
Aug 18Cleveland-Cliffs' Acquisition Of Stelco: Surprise M&A Enhances The Story
Jul 16Earnings Tell The Story For Cleveland-Cliffs Inc. (NYSE:CLF)
Jul 14Cleveland-Cliffs Q2 2024 Earnings: Short-Term Tailwinds, But Not A Buy Yet
Jul 09Cleveland-Cliffs: Buy The Dip, Challenges Are Likely Temporary
Jul 01These 4 Measures Indicate That Cleveland-Cliffs (NYSE:CLF) Is Using Debt Extensively
Jun 26Are Investors Undervaluing Cleveland-Cliffs Inc. (NYSE:CLF) By 45%?
Jun 07Cleveland-Cliffs Looks Solid On The Dip
May 28Cleveland-Cliffs Inc. Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now
Apr 26Cleveland-Cliffs Is A Long-Term Growth Strategy
Apr 25Cleveland-Cliffs Q1 2024 Earnings: Capital Allocation And Costs Are In The Spotlight
Apr 18Cleveland-Cliffs Will Prevail, Whatever Happens
Apr 02Cleveland-Cliffs Inc.'s (NYSE:CLF) P/E Still Appears To Be Reasonable
Apr 01These 4 Measures Indicate That Cleveland-Cliffs (NYSE:CLF) Is Using Debt Extensively
Mar 17Why Cleveland-Cliffs Stock Is Poised To Go Higher
Mar 16An Intrinsic Calculation For Cleveland-Cliffs Inc. (NYSE:CLF) Suggests It's 48% Undervalued
Mar 01Cleveland-Cliffs: A 'Trump Trade' With Significant Upside Potential
Feb 27Cleveland-Cliffs' (NYSE:CLF) Soft Earnings Are Actually Better Than They Appear
Feb 15Cleveland-Cliffs Bolsters Shareholder Value
Feb 04Cleveland-Cliffs Inc. Just Missed EPS By 26%: Here's What Analysts Think Will Happen Next
Feb 01Cleveland-Cliffs: What To Expect From Q4 Earnings
Jan 26Why I Am Even More Bullish After Cleveland-Cliffs Failed To Buy U.S. Steel
Jan 04Cleveland-Cliffs Is Still A Bargain
Dec 23There Is A Reason Cleveland-Cliffs Inc.'s (NYSE:CLF) Price Is Undemanding
Dec 19Cleveland-Cliffs Looks Set For A Strong Q4 2023 And FY 2024
Nov 27Steel Perfection - Why I'm Bullish On Cleveland-Cliffs
Nov 19CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2024 | n/a | n/a | -US$461m |
| Jun 30 2024 | n/a | n/a | US$44m |
| Mar 31 2024 | n/a | n/a | US$389m |
| Dec 31 2023 | US$26m | US$2m | US$398m |
| Sep 30 2023 | n/a | n/a | US$337m |
| Jun 30 2023 | n/a | n/a | US$226m |
| Mar 31 2023 | n/a | n/a | US$474m |
| Dec 31 2022 | US$18m | US$2m | US$1b |
| Sep 30 2022 | n/a | n/a | US$2b |
| Jun 30 2022 | n/a | n/a | US$4b |
| Mar 31 2022 | n/a | n/a | US$4b |
| Dec 31 2021 | US$24m | US$2m | US$3b |
| Sep 30 2021 | n/a | n/a | US$2b |
| Jun 30 2021 | n/a | n/a | US$743m |
| Mar 31 2021 | n/a | n/a | -US$33m |
| Dec 31 2020 | US$19m | US$2m | -US$123m |
| Sep 30 2020 | n/a | n/a | -US$122m |
| Jun 30 2020 | n/a | n/a | -US$20m |
| Mar 31 2020 | n/a | n/a | US$264m |
| Dec 31 2019 | US$16m | US$1m | US$295m |
| Sep 30 2019 | n/a | n/a | US$855m |
| Jun 30 2019 | n/a | n/a | US$963m |
| Mar 31 2019 | n/a | n/a | US$1b |
| Dec 31 2018 | US$15m | US$1m | US$1b |
| Sep 30 2018 | n/a | n/a | US$749m |
| Jun 30 2018 | n/a | n/a | US$572m |
| Mar 31 2018 | n/a | n/a | US$428m |
| Dec 31 2017 | US$24m | US$1m | US$365m |
Compensation vs Market: C.'s total compensation ($USD26.18M) is above average for companies of similar size in the US market ($USD7.83M).
Compensation vs Earnings: C.'s compensation has increased whilst the company is unprofitable.
CEO
C. Goncalves (66 yo)
10.3yrs
Tenure
US$26,183,928
Compensation
Mr. C. Lourenco Goncalves has been the Chairman, Chief Executive Officer and President at Cleveland-Cliffs Inc. since August 07, 2014. Mr. Goncalves has experience in the metals and mining industries, as w...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman | 10.3yrs | US$26.18m | 1.03% $ 50.8m | |
| Executive VP & CFO | 3.3yrs | US$5.74m | 0.029% $ 1.4m | |
| Executive VP | 11.8yrs | US$5.38m | 0.081% $ 4.0m | |
| Executive VP & President of Cleveland-Cliffs Steel | 3.3yrs | US$7.81m | 0.12% $ 5.8m | |
| Executive VP & President of Cleveland-Cliffs Services | 3.3yrs | US$5.90m | 0.058% $ 2.8m | |
| Executive Vice President of Operations | 2.2yrs | US$4.03m | 0.094% $ 4.6m | |
| Senior VP | 4.7yrs | no data | 0.0059% $ 290.5k | |
| Executive Vice President of Technology | 2.3yrs | no data | no data | |
| Vice President of Investor Relations | no data | no data | no data | |
| Director of Corporate Communications | 12.6yrs | no data | no data | |
| Executive VP of Human Resources & Labor Relations | less than a year | no data | no data | |
| Executive Vice President of Environmental & Sustainability | 5.6yrs | no data | 0.028% $ 1.4m |
3.3yrs
Average Tenure
58.5yo
Average Age
Experienced Management: CLF's management team is considered experienced (3.3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman | 10.4yrs | US$26.18m | 1.03% $ 50.8m | |
| Independent Director | 4.8yrs | US$316.49k | 0.040% $ 2.0m | |
| Independent Director | 10.3yrs | US$329.99k | 0.026% $ 1.3m | |
| Independent Director | 10.4yrs | US$299.99k | 0.053% $ 2.6m | |
| Independent Director | 4.8yrs | US$299.99k | 0.021% $ 1.0m | |
| Independent Director | 17.9yrs | US$299.99k | 0.020% $ 974.6k | |
| Lead Independent Director | 10.4yrs | US$419.99k | 0.020% $ 1.0m | |
| Director | less than a year | no data | 0.013% $ 637.0k | |
| Director | less than a year | no data | 0.0029% $ 141.1k |
10.3yrs
Average Tenure
66.5yo
Average Age
Experienced Board: CLF's board of directors are seasoned and experienced ( 10.3 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/17 06:31 |
| End of Day Share Price | 2024/12/17 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
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Analyst Sources
Cleveland-Cliffs Inc. is covered by 42 analysts. 11 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 |
|---|---|
| Ishan Majumdar | Baptista Research |
| Anthony Robson | BMO Capital Markets Equity Research |
| Tristan Gresser | BNP Paribas Exane |