Brett McGonegal is a seasoned leader in the finance sector, currently recognized for his role as the Co-CEO of Ideanomics, a company known for its innovative financial services. McGonegal, who started with the company in September 2018, brought a wealth...

Brett McGonegal is a seasoned leader in the finance sector, currently recognized for his role as the Co-CEO of Ideanomics, a company known for its innovative financial services. McGonegal, who started with the company in September 2018, brought a wealth of experience from his previous venture, the Reorient Group, where he was a founding member and CEO. Under his leadership, that firm expanded and then sold for an impressive $3 billion after an initial investment of $11 million. Prior to that, he co-headed equity sales and trading at Cantor Fitzgerald in Hong Kong and played a key role at Charles Schwab Capital Markets. At Ideanomics, he focuses on strategic growth while leveraging operational efficiency to improve performance metrics. He has been known to be a frequent guest on major networks like CNBC and Bloomberg, sharing insights on the market. Outside of work, he has connections in media through his directorship at Asia Times Holdings, showcasing his broad influence in finance and media. Since his departure from Ideanomics in February 2019, his time there was marked by significant challenges and achievements, including a notable compensation package that reflected his company's dynamic nature during his leadership.

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1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other Ideanomics CEOs

I

Brett McGonegal

Ex-CEO of Ideanomics

Education

Not disclosed

Field of Expertise

Finance & Banking - Finance

Sector of Economy

Industrials

Born

January 1, 1974 - 51 years ago

CEO of Ideanomics for

0 years 5 months (Sep 2018 - Feb 2019)

Previous Experience

CEO of Yunfeng Financial Group Limited

Rivals

Competitors/colleagues of Brett McGonegal

Holdings

See how much did Brett McGonegal make over time.

Brett McGonegal's holdings were primarily tied to his role at Ideanomics, where he had a compensation structure that included a base salary and performance-based bonuses. In 2019, his total compensation reached $400,000, showcasing a leap from $133,333 the year before....

Brett McGonegal's holdings were primarily tied to his role at Ideanomics, where he had a compensation structure that included a base salary and performance-based bonuses. In 2019, his total compensation reached $400,000, showcasing a leap from $133,333 the year before. During this time, a significant portion of his wealth stemmed from vested stock units valued at approximately $716,666, indicating his deep financial ties to the company's performance. His earlier career, particularly in investment banking, set a foundation for his wealth-building strategies. While he briefly held a strong position within the company, his resignation in early 2019 shifted his financial focus away from Ideanomics, leading to changes in the valuation of his stock holdings. By the end of his tenure, his financial holdings had become a sizable piece of his overall wealth, underscoring the risks and rewards associated with executive leadership in volatile markets.

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Insider Trading

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No insider trades found for this CEO.

Compensation History

See how much did Brett McGonegal make over time.

In 2019, Brett McGonegal's compensation package was notably structured to align with the company's performance goals. His total payout reached $400,000, which included a base salary of $300,000 and a cash bonus of $50,000 awarded based on the company’s success. McGonegal also had vested stock units worth roughly $716,666, part of the restricted stock units designed to incentivize top-level executive performance. In stark contrast, his compensation in 2018 was just $133,333, illustrating the potential upward swing in earnings for executives who meet their targets. His compensation philosophy aimed at aligning pay with outcomes for stockholders, showcasing the dual perspective of rewarding personal achievement while driving the company's growth. A significant aspect of his role was also being part of performance metrics that included revenue growth and operational efficiency—essentially the company’s liveliness in the market.

Year

2019

Total Compensation

$1.12M

Salary

$300.00K

Board Justification

The compensation philosophy focuses on aligning executive pay with company performance and market benchmarks to attract and retain top talent.

Bonus

$50.00K

Board Justification

Cash bonus based on performance metrics and company goals for the year 2019.

Other

$50.00K

Board Justification

Other compensation includes benefits and perks provided to the CEO.

Restricted Stock

$716.67K(833.33K RSU)

Board Justification

Restricted stock units that vested in 2019 as part of the executive compensation plan.

Performance Metrics

Performance metrics include revenue growth, net income, and operational efficiency.

Other Ideanomics CEOs

Here are other CEOs of Ideanomics

Alfred Poor

Ex-CEO of Ideanomics

February 2019 - August 2021