Cleveland-Cliffs Management
Management criteria checks 2/4
Cleveland-Cliffs' CEO is C. Goncalves, appointed in Aug 2014, has a tenure of 9.67 years. total yearly compensation is $26.18M, comprised of 8.1% salary and 91.9% bonuses, including company stock and options. directly owns 1.06% of the company’s shares, worth $92.00M. The average tenure of the management team and the board of directors is 3.3 years and 9.6 years respectively.
Key information
C. Goncalves
Chief executive officer
US$26.2m
Total compensation
| CEO salary percentage | 8.1% |
| CEO tenure | 9.7yrs |
| CEO ownership | 1.1% |
| Management average tenure | 3.3yrs |
| Board average tenure | 9.6yrs |
Recent management updates
Recent updates
Cleveland-Cliffs Inc. Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now
Apr 26
Cleveland-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 19Does Cleveland-Cliffs (NYSE:CLF) Have A Healthy Balance Sheet?
Nov 14Cleveland-Cliffs: A Good Quarter, But This Hardly Matters At The Moment
Oct 24Cleveland-Cliffs Q3 Earnings: What Can We Expect?
Oct 18Cleveland-Cliffs: Navigating Through Uncertainty
Sep 20Cleveland-Cliffs: Consolidation At Any Cost Comes With Strings Attached
Aug 23Why Cleveland-Cliffs Is Positioned For Tomorrow's Economy
Aug 11Cleveland-Cliffs Earnings: Steel's Vital Role In The Energy Transition
Jul 25Cleveland-Cliffs: Steelmakers Face Significant Recessionary Pressures
Jul 19Is Cleveland-Cliffs (NYSE:CLF) Using Too Much Debt?
Jul 10Cleveland-Cliffs: History Of Seasonal Price Strength During The Summer (Rating Upgrade)
Jun 14Cleveland-Cliffs Inc.'s (NYSE:CLF) Intrinsic Value Is Potentially 40% Above Its Share Price
May 17We Think Cleveland-Cliffs (NYSE:CLF) Is Taking Some Risk With Its Debt
Apr 10Cleveland-Cliffs: Cleaning House
Feb 14Cleveland-Cliffs: Ignore The Noise And Buy Before Earnings Release
Feb 08Is There An Opportunity With Cleveland-Cliffs Inc.'s (NYSE:CLF) 49% Undervaluation?
Feb 06Cleveland-Cliffs: Hot And Cheap
Jan 23Cleveland-Cliffs (NYSE:CLF) Has A Somewhat Strained Balance Sheet
Jan 09Why I'm So Bullish On Cleveland-Cliffs
Jan 08CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| 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 ($USD8.23M).
Compensation vs Earnings: C.'s compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
CEO
C. Goncalves (65 yo)
9.7yrs
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 | 9.7yrs | US$26.18m | 1.06% $ 92.0m | |
| Executive VP & CFO | 2.6yrs | US$5.74m | 0.028% $ 2.4m | |
| Executive VP | 11.1yrs | US$5.38m | 0.084% $ 7.3m | |
| Executive VP & President of Cleveland-Cliffs Steel | 2.6yrs | US$7.81m | 0.12% $ 10.6m | |
| Executive VP & President of Cleveland-Cliffs Services | 2.6yrs | US$5.90m | 0.060% $ 5.2m | |
| Executive Vice President of Operations | 1.5yrs | US$4.03m | 0.098% $ 8.5m | |
| Senior VP | 4yrs | no data | 0.0061% $ 532.2k | |
| Executive Vice President of Technology | 1.7yrs | no data | no data | |
| Vice President of Investor Relations | no data | no data | no data | |
| Director of Corporate Communications | 11.9yrs | no data | no data | |
| Executive Vice President of Environmental & Sustainability | 4.9yrs | no data | 0.029% $ 2.5m |
3.3yrs
Average Tenure
57.5yo
Average Age
Experienced Management: CLF's management team is considered experienced (3.3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman | 9.8yrs | US$26.18m | 1.06% $ 92.0m | |
| Independent Director | 4.1yrs | US$301.49k | 0.029% $ 2.5m | |
| Independent Director | 4.1yrs | US$316.49k | 0.036% $ 3.1m | |
| Independent Director | 9.6yrs | US$329.99k | 0.024% $ 2.1m | |
| Independent Director | 9.8yrs | US$299.99k | 0.053% $ 4.6m | |
| Independent Director | 4.1yrs | US$299.99k | 0.020% $ 1.7m | |
| Independent Director | 17.3yrs | US$299.99k | 0.019% $ 1.6m | |
| Lead Independent Director | 9.8yrs | US$407.50k | 0.027% $ 2.3m | |
| Independent Director | 9.8yrs | US$295.00k | 0.040% $ 3.5m | |
| Independent Director | 5.3yrs | US$299.99k | 0.020% $ 1.7m | |
| Director | less than a year | no data | 0.0057% $ 496.7k |
9.6yrs
Average Tenure
67yo
Average Age
Experienced Board: CLF's board of directors are considered experienced (9.6 years average tenure).