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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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