Software CEO hires at portfolio company level
I was wondering if anyone has insight on compensation for software CEOs at PE-backed companies in the lower-middle market. Also, how common is hiring a CEO who will largely be working remote?
Based on the most helpful WSO content, compensation for software CEOs at PE-backed companies in the lower-middle market can vary significantly depending on the size of the company, the PE firm's strategy, and the CEO's experience. However, it's common for compensation to include a mix of base salary, performance-based bonuses, and equity incentives. For lower-middle market companies, base salaries might range from $200k to $400k, with bonuses and equity potentially pushing total compensation higher.
As for remote work, while remote-friendly policies are becoming more common, especially in tech and software sectors, the decision often depends on the company's operational needs and the PE firm's expectations. Smaller companies and those in software are generally more open to remote arrangements compared to larger, more traditional firms. However, a CEO's ability to lead effectively, whether remote or in-person, is a critical factor in such decisions.
Sources: PE Business development compensation? What's the typical range for a VP?, We should be embracing remote work, Coronavirus, Remote Work, and the Future of CRE, The logic behind going into a Corp Dev/Strat for work-life balance?, Going Fully Remote
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