2005 Post 200
FTI Consulting Inc.
900 Bestgate Rd., Suite 100
Annapolis, Md. 21401
www.fticonsulting.com
Industry: Consulting/professional services
Post 200 Category: Top 125 Companies
Revenue: $427.01 Million
Net Income/Loss: $42.88 Million
Earnings per share: $1.01
Dividend: n/a
Stockholder equity: $496.15 Million
Auditor: Ernst & Young LLP
Stock: FCN
Assets: $708.53 Million
Market capitalization: $853.89 Million
52-week high: 21.95 1/3/2005
52-week low: 14.56 4/29/2004
Chairman : Dennis J. Shaughnessy
President and CEO: Jack B. Dunn IV
Employees: 1033
Local employees: 187
Description: FTI helps client companies investigate improper financial practices, provides expert witnesses for clients embroiled in courtroom disputes and advises businesses on mergers, financial restructuring and regulatory issues.
Developments: FTI posted a 9 percent increase in revenue in 2004. The rebound might have been broader if not for flat performance in the corporate finance restructuring unit, which thrives when the economy worsens. The generally low-profile company drew widespread attention in 2004 when mortgage giant Freddie Mac announced that it had hired FTI's forensic team to scour its books in search of faulty accounting practices. The names of FTI's other forensic clients are confidential, executives said. As part of a corporate governance focus on its own operations, FTI hired longtime independent board member Dennis J. Shaughnessy as full-time chairman of the board in October 2004, for an annual base salary of $1 million. The company also entered into a fresh long-term employment deal with chief executive Jack B. Dunn IV and brought in two new outside board members. FTI retired $20 million of debt and bought back more than $10 million in stock in 2004. Chief Financial Officer Theodore I. Pincus said that among the company's biggest challenges in the year ahead will be the hiring of more experienced consultants from the ranks of the nation's Big Four accounting firms and other rivals.
Executive Compensation
Chairman: Dennis J. Shaughnessy
Total Cash: $192,308.00
Total Compensation: $5,677,513.00
COO: Dominic DiNapoli
Total Cash: $2,500,000.00
Total Compensation: $3,051,970.00
President and CEO: Jack B. Dunn IV
Total Cash: $1,000,000.00
Total Compensation: $2,834,206.00