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Splunk ceo death7/29/2023 It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. This article by Simply Wall St is general in nature. So take a peek at this free list of interesting companies. Of course, you might find a fantastic investment by looking at a different set of stocks. We did our research and spotted 3 warning signs for Splunk that investors should look into moving forward. While CEO pay is an important factor to be aware of, there are other areas that investors should be mindful of as well. So while we don't think, Doug is paid too much, shareholders may want to see some positive EPS growth before pay rises are given out. The company isn't growing EPS, but shareholder returns have been impressive over the last three years. is currently paying its CEO higher than the median pay for CEOs of companies belonging to the same industry and with similar market capitalizations. Splunk prefers rewarding its CEO through non-salary benefits. Moreover, Doug Merritt also holds US$53m worth of Splunk stock directly under their own name, which reveals to us that they have a significant personal stake in the company. This suggests that Doug Merritt is paid more than the median for the industry. On comparing similar companies in the industry with market capitalizations above US$8.0b, we found that the median total CEO compensation was US$9.8m. While this analysis focuses on total compensation, it's worth acknowledging that the salary portion is lower, valued at US$675k. We note that's an increase of 16% above last year. has a market capitalization of US$33b, and reported total annual CEO compensation of US$16m for the year to January 2020. View our latest analysis for Splunk How Does Total Compensation For Doug Merritt Compare With Other Companies In The Industry?Īt the time of writing, our data shows that Splunk Inc. This analysis will also assess whether Splunk pays its CEO appropriately, considering recent earnings growth and total shareholder returns. We’re lucky enough to serve companies like Zoom who have dramatically increased their footprint with Splunk because they’re dealing with huge volumes… but for the majority of businesses, the overall IT budget is tighter,” he says.This article will reflect on the compensation paid to Doug Merritt who has served as CEO of Splunk Inc. “There was a huge push in March, April and May and now it’s normalised and is dependent on the organization. Merritt believes this has been true of Splunk’s customers too. “We’re doing everything we can to meet our customers with whatever challenges they have,” he says.Įarlier this year, KPMG and Harvey Nash's CIO Survey found that businesses around the world had spent the equivalent of $15bn extra a week on technology as they transitioned to remote working as a result of the pandemic. Some customers are saying they still need Splunk’s software but need late payment terms, or are asking for contract extensions but ask if they can withhold payment for a year and a half. “What makes this so hard for anyone to predict and to model is there’s so much variability and variety in the economy right now, and then you add in different countries which are doing worse than others” he says.Īccording to Merritt, some of the CIOs at these organisations are working extremely hard but are struggling. Meanwhile, the healthcare sector has been “accelerating dramatically”, Merritt says. The financial services sector has been similar, with some banks faring better than others. In other industries where Splunk has customers, Merritt explains that there have been huge differences in retail – where e-commerce is booming but more traditional companies are struggling. We serve virtually every major airline, every major hotel chain, every major cruise line – those companies are obviously in really difficult straits,” he adds. “Inside that, it’s been a very turbulent landscape.
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