The Rich Zannino Scorecard
Posted by: Jon Fine on December 6, 2007
Took over as CEO of Dow Jones: Feb, 2006.
Date of Departure from Dow Jones: upon the completion of the News Corp. acqusition of Dow Jones. (Read: soon.)
Financial Results, 2006
Revenues: $1.78 billion, up 6.6%
Operating Income: $104.5 million, up 8.8%
Operating Margin: 5.9%, up from 5.7%.
Financial Results, First Nine Months of 2007
Revenues: $1.53 billion
Operating Income: $104.6 million
Operating Margin: 6.8%, up from 4.3%
Let's set aside the sale of the company to News Corp.-- a notion which, after all, originated with Rupert Murdoch and was blessed (after much sturm und drang) by the Bancroft family--and let me know your answer this question:
Is this a performance worth a $19 million payout?
