The Corporate Executive Board Company
 |
|
| Type | Public |
|---|---|
| Traded as | NYSE: EXBD |
| Industry | Best practice research and advisory services |
| Founded | Washington, D.C. (1983) |
| Headquarters | Arlington, VA, USA |
| Key people | Thomas L. Monahan, III, Chairman and CEO Melody Jones, Chief Human Resources Officer Richard Lindahl, Chief Financial Officer Steve Meyer, Chief Commercial Officer Price Jett, Chief Information Officer |
| Revenue | US$484.7 million  (2011)[1] |
| Operating income | US$96.5 million (2011)[2] |
| Net income | US$52.7 million (2011)[3] |
| Employees | 2,000 |
| Website | www.executiveboard.com |
The Corporate Executive Board is a for-profit, publicly traded firm that provides best practices research and advisory services to businesses worldwide.
CEB’s client base consists of senior executives and their teams at large and mid-sized organizations who use the company’s services to drive corporate performance through insights, analytic tools, and advisory support. CEB analyzes and disseminates successful business practices from a global network of clients. The company’s core products, also referred to as “memberships” feature best practice research studies, executive-specific industry research, peer benchmarks, decision and diagnostic tools, executive networking, and live and online learning events. [4]
CEB’s client network includes 85% of the Fortune 500, 80% of the DAX 30, 70% of the FTSE 100, and 50% of the Dow Jones Asian Titans. The client network spans more than 50 countries, 5,700 individual organizations, and 225,000 business professionals. [5]
CEB services are aligned to corporate leadership roles, presenting executives with the tools necessary to navigate six enduring challenges: assessing key performance trends and risks; benchmarking and performance plans; establishing innovative operating approaches; organizing and managing crucial talent; driving alignment and support for change; and navigating leadership transitions. CEB’s business model helps executives solve these challenges and implement insights, practices and tools that are being used by leading companies worldwide. The model operates with four components: first, by creating a network of leaders in key functional roles; second, by focusing on identifying those leaders’ common challenges; third, by subsequently using research to make solutions accessible for mutual advantage; and fourth, by leveraging a global service infrastructure to deliver insights, best practices and tools. [6]
Contents |
[edit] Product and Service Areas
CEB’s areas of service span the core functions found in large corporate, midsized, and government organizations, including[7]:
• Marketing and Communications
• Finance
• Innovation and Strategy
• Sales and Service
• Information Technology
• Human Resources
• Legal, Risk and Compliance
• Sales and Service
• Financial Services
• Procurement and Operations [8]
[edit] History
1979 – Company founded as the Research Council of Washington by David G. Bradley [9]
1983 – First program offering for corporate executives, Council on Financial Competition [10]
1997 – CEB spins off from Advisory Board Company, opens London office [11]
1998 – CEB goes public on NASDAQ exchange
2002 – CEB named to Fortune Magazine’s “100 Fastest Growing Companies” [12]
2004 – Company opens India office and exceeds 1,200 staff members [13]
2006 – Tom Monahan appointed CEO; CEB expands offerings to accommodate middle market companies [14]
2007 – First domestic offices opened outside of metropolitan Washington, DC area in San Francisco and Chicago
2008 – CEB moves its global headquarters from Washington, DC to Arlington, VA [15]
2009 – CEB acquires Toronto-based Warrillow & Co, as well as the financial services firm TowerGroup [16] [17]
2010 – CEB acquires consumer research and advisory company Iconoculture; transfers listing of its common stock to the NYSE, and began trading on Aug. 20, 2010 [18] [19]
2011 – CEB announced the acquisition of Baumgartner & Partner, a Germany-based consulting firm. [20]
2012 – CEB announced the acquisition of Valtera, a provider of talent management consulting services. [21]
[edit] Stock Performance
Corporate Executive Board's IPO occurred February 22, 1999 at an offer price of $19. The company's stock reached a high of more than $108 in April, 2006, before falling to as low as $12 per share in 2009; the decline was attributed primarily to sales force deficiencies.[22][23][24]
[edit] Competitors
CEB has few direct competitors, however the closest are:
- McKinsey & Company
- Bain & Company
- Accenture
- Gartner
- Forrester
- Hackett Group
[edit] References
- ^ http://investing.businessweek.com/research/stocks/snapshot/snapshot.asp?ticker=EXBD:US
- ^ http://investing.businessweek.com/research/stocks/snapshot/snapshot.asp?ticker=EXBD:US
- ^ http://investing.businessweek.com/research/stocks/snapshot/snapshot.asp?ticker=EXBD:US
- ^ http://www.executiveboard.com/about/index.html
- ^ http://www.executiveboard.com/about/index.html
- ^ http://www.executiveboard.com/about/index.html
- ^ http://www.executiveboard.com/services/index.html
- ^ http://www.executiveboard.com/services/index.html
- ^ http://www.answers.com/topic/the-corporate-executive-board-company
- ^ http://www.answers.com/topic/the-corporate-executive-board-company
- ^ http://www.washingtonpost.com/wp-dyn/articles/A60425-2004Jul18.html
- ^ http://www.thefreelibrary.com/The+Corporate+Executive+Board+Selected+to+Fortune+List+of+100+Fastest...-a090903047
- ^ http://www.reuters.com/article/2010/03/23/idUS10009+23-Mar-2010+BW20100323
- ^ http://www.answers.com/topic/the-corporate-executive-board-company
- ^ http://www.bizjournals.com/washington/stories/2004/10/25/daily12.html
- ^ http://www.alacrastore.com/storecontent/Thomson_M&A/Corporate_Executive_Board_Co_acquires_Warrillow_Co-2038003040
- ^ http://www.alacrastore.com/deal-snapshot/Corporate_Executive_Board_Co_acquires_TowerGroup_from_Thomson_Reuters_PLC-593959
- ^ http://www.bizjournals.com/twincities/stories/2010/05/03/daily26.html
- ^ http://www.bizjournals.com/washington/stories/2010/08/16/daily56.html
- ^ http://www.reuters.com/article/2011/10/03/idUS108254+03-Oct-2011+PRN20111003
- ^ http://www.reuters.com/article/2012/02/07/idUS229890+07-Feb-2012+PRN20120207
- ^ Foolish Forecast: Corporate Executive Board's Foothold
- ^ http://www.fool.com/investing/general/2008/07/24/corporate-executive-board-tries-to-buy-time.aspx
- ^ EXBD - The Corporate Executive Board Company - Google Finance
- Clabaugh, Jeff: Corporate Executive Board signs up for Rosslyn's Waterview, Washington Business Journal, Oct. 26, 2004.
- McCarthy, Ellen: Filling a 'Huge Hole' in Business Consulting, The Washington Post, July 19, 2004.
- Forbes Special Report: America's 200 Best Small Companies, 2006
