Corporate Executive Board, USA
From Wikipedia, the free encyclopedia
| Corporate Executive Board | |
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| Type | Public (NASDAQ: EXBD) |
| Founded | Washington, DC (1979) |
| Headquarters |  Washington, District of Columbia, USA |
| Key people | Thomas L. Monahan, III, CEO James J. McGonigle, Chairman of the Board Melody Jones, Chief Human Resources Officer Derek C. M. van Bever, Chief Research Officer Timothy R. Yost, Chief Financial Officer |
| Industry | best practice research and consulting |
| Revenue | US$410 million ▲ (TTM 1Q2006)[1] |
| Operating income | US$19.6 million ▲ (TTM 1Q2006) [1] |
| Net income | US$75.8 million ▲ (TTM 1Q2006) [1] |
| Website | Executiveboard.com |
The Corporate Executive Board Company (CEB) is a commercial, for-profit, public firm that provides general best practices research, executive education, and decision support tools to organizations.
CEB has more than 45 specialized programs, each geared toward a specific corporate function. The programs are distributed across 9 larger practice areas. The practice areas roughly correspond to the seats of the executive table; for example, Finance, HR, Sales and Marketing, IT, Operations, and Legal. CEB's members pay an annual subscription in exchange for access to CEB's reports, benchmarking, Web library of best practices, rights to request research on new topics, teleconferences, and attendance at discussion-based meetings with peer executives at other member companies. The company's stock reached a high of more than $100 before falling to the mid-$50s, which was attributed to insufficient sales staff.[2] It has since fallen into the $30s.[3]
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[edit] History
The company was founded in 1979 as the Research Council of Washington by David G. Bradley[1]. In 1997, the Corporate Executive Board was spun off from the Advisory Board Company[2].
In 2004, CEB employed more than 1,200 staff members spread out across four offices - Washington, DC, London, Gurgaon (New Delhi) and Tokyo. As of the summer of 2006, CEB had grown to over 2000 employees worldwide.
In 2006, CEB expanded its business to include middle market companies. Previously focusing on companies with revenues above $750 million, the new Middle Market franchise focuses on companies with smaller revenues.
In March 2007, CEB opened its first domestic offices outside of Washington, DC in San Francisco and Chicago. Future expansion markets for CEB may include Sydney, Australia, Paris, France and Germany, probably Frankfurt.
In July 2007, CEB acquired ITtoolbox, an online community of professionals who share practical information on IT topics.
[edit] References
- Clabaugh, Jeff: Corporate Executive Board signs up for Rosslyn's Waterview, Washington Business Journal, Oct. 26, 2004.
- Corporate Executive Board
- Corporate Executive Board Profile, Yahoo Finance.
- Frequently Asked Questions, How We Create Value, Corporate Executive Board.
- 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[3]
[edit] Community Contributions
In 2006, CEB was named a Top Corporate Philanthropist by the Washington Business Journal and ranked no. 9 on its annual list of area companies. CEB’s service branch, CEB ServiceCorps, promotes and facilitates service opportunities for teams, individuals, and the firm as a whole and is integral to the culture at CEB. All CEB employees are allowed to use 40 hours of daytime leave per year for service-related activities and can also earn extra days of vacation by reaching milestones on hours of service.
