Page 3 of 11
No. 9: COMPUTER TASK GROUP
James Boldt, President and CEO
Obermatt/CRN Pay-For-Performance Index: Underpaid by 45 percent
James Boldt, president and CEO of Computer Task Group, has led tremendous growth for the company since taking the leadership role in 2002. CTG has capitalized on IT needs within the health-care segment, and its health-care division is its most profitable business unit.
Boldt's total compensation has increased during the past three years from $924,000 in 2009 to $2.3 million in 2011. During that period, CTG's revenue increased from $275.6 million to $396.3 million. Revenue in 2011 increased over 2010 by 20 percent, and earnings per share increased 37 percent. Such a large leap in salary -- an increase of 144 percent -- without the accompanying sales growth could certainly have put Boldt on CRN's accompanying "overpaid" list. Instead, he is ninth on the underpaid list, earning 45 percent less pay than his performance indicates, according to the Obermatt/CRN Pay-For-Performance Index. CTG executives did not return emails or phone calls seeking comment.
CTG, Buffalo, N.Y., has added new electronic medical record (EMR) projects throughout 2011, ranging from one to three years in duration, as well as 18 EMR engagements in the works as of Dec. 31, 2011. U.S. government funding and a greater demand for health-care services in the U.S. due to the aging population suggest continued growth in the segment.
"Recent growth in our health-care business is coming from diverse sources on the provider and payer sides of the business and includes [electronic medical records] and other system implementations, application management outsourcing and consulting work," said Boldt in an earnings statement in July.