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The 35 Most Highly Compensated Channel CEOs In 2015
Michael Novinson and Jimmy Sheridan
31. Richard Leeds, Systemax: $1.32M
Salary: $731,000
Bonus: $560,000
Other Compensation: $29,000
The fiscal year for Systemax ended Dec. 31, following the sale of its North American business-to-business group to PCM and the shuttering of its remaining North American retail business.
The company, No. 26 on the CRN SP 500, reported an 18 percent plunge in revenue, to $1.85 billion, and a 50.1 percent increase in net loss from continuing operations, from $32 million to $48.3 million.
Systemax announced in March 2016 that former CIO Larry Reinhold would be replacing Leeds as CEO. This effectively ended day-to-day control of the company by the Leeds family, who founded the firm in 1949 in the New York borough of Queens.
Other compensation for Leeds consists entirely of a $29,000 payment for auto-related expenses.
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