George S. Corona served as the CEO of Kelly Services Inc. from June 2017 until his retirement in September 2019. He holds an MBA from Oakland University and has a strong management background. He joined Kelly Services in 1994 and...

George S. Corona served as the CEO of Kelly Services Inc. from June 2017 until his retirement in September 2019. He holds an MBA from Oakland University and has a strong management background. He joined Kelly Services in 1994 and has worked in various roles, moving up the ranks to become COO before rising to the CEO position. During his tenure, he focused on improving the company's performance metrics, including earnings and profitability. Interestingly, while at Kelly, George's compensation in 2019 was reported at around $3.3 million, with a base salary of $1 million and significant stock awards that reflected his performance-driven pay structure. His insider trading activity showed substantial fluctuations in stock value, peaking around $5.16 million just before his departure. After stepping down, he transitioned to an advisory role within the company and continued as a board member, demonstrating his ongoing commitment to the organization. George's leadership marked a pivotal time for Kelly Services, aligning executive pay with performance and emphasizing long-term shareholder value.

Quick Links

1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other Kelly Services CEOs

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George S. Corona

Ex-CEO of Kelly Services

Education

MBA from Oakland University

Field of Expertise

Business & Management

Sector of Economy

Industrials

Born

November 1, 1957 - 67 years ago

CEO of Kelly Services for

2 years 3 months (Jun 2017 - Sep 2019)

Previous Experience

Executive Vice President and COO of Kelly Services

Rivals

Competitors/colleagues of George S. Corona

Holdings

See how much did George S. Corona make over time.

During his time as CEO of Kelly Services, George S. Corona's stock holdings saw interesting fluctuations. In September 2019, just before his departure, he recorded a peak value of approximately $5.16 million. After that, the value of his holdings decreased...

During his time as CEO of Kelly Services, George S. Corona's stock holdings saw interesting fluctuations. In September 2019, just before his departure, he recorded a peak value of approximately $5.16 million. After that, the value of his holdings decreased consistently to around $2.76 million by December 2019. His personal wealth in stock form was tied closely to the company's performance metrics. As the market changed, his holdings varied month by month, showcasing the risk and rewards inherent in executive stock ownership. It’s clear that a significant portion of his wealth was tied into Kelly Services, reflecting a strong belief in the company's success during his leadership. Over the years that followed, up until 2024, the values hovered around $1 million to $1.5 million, further indicating the competitive fluctuations typical in the staffing industry.

Total Stock Sold

$5.41M

KELYA

$5.41M

258,587 KELYA shares

What if they kept their stock?

If George S. Corona didn't sell their stock, today they would have:
Extra KELYA258,587 shares worth $3.77M.
This is -30.28% and $1.64M less than what they got when they sold the stock.

Charitable Transactions

KELYA

1,915 shares

KELYA

Recent Charitable Transactions

KELYA

200 shares

KELYA

Aug 20, 2024

Charity

KELYA

$4.10K

KELYA at $20.51/share

Nov 14, 2023

Charity

KELYA

$3.01K

KELYA at $17.18/share

Dec 5, 2022

Charity

KELYA

240 shares

KELYA

Mar 26, 2021

Charity

KELYA

1,100 shares

KELYA

Aug 18, 2020

Charity

Insider Trading

See recent insider trades of George S. Corona.

KELYA

200 shares

KELYA

Aug 20, 2024

Charity

KELYA

$4.10K

KELYA at $20.51/share

Nov 14, 2023

Charity

KELYA

$3.01K

KELYA at $17.18/share

Dec 5, 2022

Charity

KELYA

$376.23K

KELYA at $25.61/share

Jun 8, 2021

Sale

KELYA

$515.11K

KELYA at $25.36/share

Jun 2, 2021

Sale

KELYA

240 shares

KELYA

Mar 26, 2021

Charity

KELYA

1,100 shares

KELYA

Aug 18, 2020

Charity

KELYA

$190.01K

KELYA at $12.67/share

May 10, 2020

Sale

KELYA

48,478 shares

KELYA

Feb 11, 2020

Received

KELYA

$178.67K

KELYA at $22.15/share

Dec 13, 2019

Sale

Compensation History

See how much did George S. Corona make over time.

In 2019, George S. Corona's total compensation was about $3.3 million as CEO of Kelly Services. His package included a base salary of $1 million, and he did not receive a cash bonus that year due to falling short of performance metrics. However, he did earn approximately $2.3 million from vested performance shares, demonstrating how executive pay was aligned with company results. This pay structure aimed to motivate CEOs to drive growth and profitability. His overall compensation reflected both his commitment to the company and its fluctuating performance. Compensation plans at Kelly were designed to link pay with long-term success, and his transition to a non-executive role after stepping down as CEO displayed how integral he was to the company's strategy.

Year

2019

Total Compensation

$3.32M

Salary

$1.00M

Board Justification

The compensation philosophy is designed to align executive pay with performance, ensuring that a significant portion of compensation is at risk and tied to the company's financial success.

Bonus

$0.00

Board Justification

No bonus was awarded for 2019 as the performance metrics did not meet the threshold for payout.

Other

$0.00

Board Justification

No additional compensation was reported outside of salary, bonus, and stock awards.

Restricted Stock

$2.32M(93.19K Performance Shares)

Board Justification

The vested stock consists of performance shares earned based on the 2017-2019 performance period, which were approved for vesting in early 2020.

Performance Metrics

The performance metrics for 2019 included earnings from operations, total gross profit, and return on gross profit, which were not met at threshold levels.

Other Kelly Services CEOs

Here are other CEOs of Kelly Services

Carl T. Camden

Ex-CEO of Kelly Services

December 2006 - May 2017

Peter W. Quigley

CEO of Kelly Services

October 2019 - Present