Young Presidents' Organization
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The Young Presidents’ Organization (YPO) is a global network of young chief executives. With approximately 18,000 members in more than 100 countries, YPO and its graduate organization, WPO (World Presidents’ Organization) share a founding mission: Better Leaders Through Education and Idea Exchange. .[1] Furthermore the YPO promotes annual high-level meetings such as the WEF and Horasis.
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[edit] History
YPO was founded in 1950 in New York City by manufacturer Ray Hickok, who was 27 years old when he became the head of his family’s 300-employee company. Hickok and a small group of young presidents in the area began meeting regularly to share and learn from each other. This founding principle of education and idea exchange among peers still guides the organization today.[2] YPO marked its 60th anniversary in 2010.
1950 - Ray Hickok founds Young Presidents’ Organization in New York City
1956 - First “international” member admitted from outside North America
1956 - First international chapter added - YPO Ontario in Canada
1960 - First YPO University, held in Miami Beach, Florida, U.S.A.
1975 - Forum becomes a YPO institution when the Northern California Chapter (U.S.A.) organizes its 60 members into four groups
1984 - The triangle YPO logo is created
1990 - YPO International Headquarters move from New York City to Irving, Texas, U.S.A.
1992 - YPO founder Ray Hickok dies
2007 - YPO merges with its graduate organization, World Presidents Organization (WPO) to become the world's largest global network of business leaders
2009 - YPO launches YPO Global Pulse, a quarterly economic confidence index designed to share member perspectives on the economy [3] [4] [5] [6] [7] [8] [9] [10]
2010 – Jill Belconis (YPO Chicago) is the first woman elected to serve as YPO-WPO International Chairman.
2010 - More than 1,500 YPO and WPO leaders convene for the Global Leadership Conference in Barcelona, Spain the largest gathering in the organization’s history. YPO launches its 60th anniversary celebration during the conference.[11]
[edit] Demographics
In aggregate, the companies run by YPO and WPO members employ more than 19 million people and generate US$5.4 trillion in annual revenues.[12]
[edit] Membership Requirements
Age: A new member application must be approved by Young Presidents’ Organization International before the applicant reaches their forty-fifth (45th) birthday.[13] Exceptions may be made for new Chapters only.
Title: President, Chairman of the Board, Chief Executive Officer, Managing Director, Managing Partner or Publisher, or equivalent of any of the above
Corporation Complexity: Qualifying Corporation: An applicant must be qualified, in addition to age and title, by rules of corporate complexity established by the YPO Board of Directors. The candidate must meet one requirement from each category below; this means they must meet at least one “A” requirement AND one “B” requirement.
“A” Requirements
Requirement #1 The candidate must have at least 50 regular, full-time employees or the equivalent under their control. Persons engaged on a commission basis rather than straight salary are considered employees if they are permanently connected with the corporation and receive their principal livelihood therefrom. Seasonal employees are not included in YPO’s employee definition. OR
Requirement #2 The total compensation of all employees, excluding the compensation of the candidate, must exceed US$1,000,000.
“B” Requirements
Requirement #1 The corporation must meet dollar volume requirements based on the type of corporation, as follows:
- Sales/Services/Manufacturing corporations must have at least US$8,000,000 in gross annual sales or turnover.
- Financial institutions must have average annual assets of at least US$160,000,000.
- Agency-type businesses must have annual fees or commissions billed of at least US$6,000,000.
OR
Requirement #2 The corporation must have an enterprise value of US$10,000,000 as defined by one of the following:
- Net worth of assets before depreciation of US$10,000,000.
- Independent third-party investment/valuation of US$10,000,000.
- The sum of the company’s public equity value plus its debt less cash must equal US$10,000,000.
[edit] Publications
Pat McNees, YPO: The First 50 Years. (Orange Frazer Press, 1999). ISBN 978-1882203598
[edit] References
- ^ Straits Times: Asian CEOs Most Upbeat
- ^ The WITS Business School Journal: Global meeting of bright minds
- ^ wsj.com: Companies Map Routes to Recovery
- ^ Global Pulse1Q10.pdf The Edge Malaysia: CEO Confidence Highest in Asia
- ^ Global Pulse 4Q09.pdf The Edge Malaysia: Global Confidence Climbs
- ^ Global Pulse 3Q09.pdf The Edge Malaysia: Asian CEOS The Most Confident
- ^ CNBC Europe: YPO Global Pulse Survey Results
- ^ CNBC Asia: YPO Global Pulse Survey: Asia Most Optimistic Region
- ^ CNBC’s Closing Bell: U.S. CEO Expectations
- ^ CNBC Europe: Russian Rates Cut Again
- ^ Worth Magazine
- ^ YPO
- ^ Financial Times: Founders in Search of Some Face Time
- ^ YPO.org
http://economictimes.indiatimes.com/articleshow/msid-2876057,flstry-1.cms
