Sunil Bhonsle has been the CEO of Titan Pharmaceuticals, Inc. (NASDAQ:TTNP) since 2015, and this article will examine the executive’s compensation with respect to the overall performance of the company. This analysis will also look to assess whether the CEO is appropriately paid, considering recent earnings growth and investor returns for Titan Pharmaceuticals.
See our latest analysis for Titan Pharmaceuticals
Comparing Titan Pharmaceuticals, Inc.’s CEO Compensation With the industry
At the time of writing, our data shows that Titan Pharmaceuticals, Inc. has a market capitalization of US$21m, and reported total annual CEO compensation of US$684k for the year to December 2019. That’s a notable increase of 31% on last year. We note that the salary portion, which stands at US$417.1k constitutes the majority of total compensation received by the CEO.
For comparison, other companies in the industry with market capitalizations below US$200m, reported a median total CEO compensation of US$915k. So it looks like Titan Pharmaceuticals compensates Sunil Bhonsle in line with the median for the industry.
On an industry level, around 24% of total compensation represents salary and 76% is other remuneration. It’s interesting to note that Titan Pharmaceuticals pays out a greater portion of remuneration through salary, compared to the industry. If total compensation veers towards salary, it suggests that the variable portion – which is generally tied to performance, is lower.
A Look at Titan Pharmaceuticals, Inc.’s Growth Numbers
Titan Pharmaceuticals, Inc.’s earnings per share (EPS) grew 71% per year over the last three years. It achieved revenue growth of 12% over the last year.
Overall this is a positive result for shareholders, showing that the company has improved in recent years. This sort of respectable year-on-year revenue growth is often seen at a healthy, growing business. Moving away from current form for a second, it could be important to check this free visual depiction of what analysts expect for the future.
Has Titan Pharmaceuticals, Inc. Been A Good Investment?
With a three year total loss of 98% for the shareholders, Titan Pharmaceuticals, Inc. would certainly have some dissatisfied shareholders. So shareholders would probably want the company to be lessto generous with CEO compensation.
As we touched on above, Titan Pharmaceuticals, Inc. is currently paying a compensation that’s close to the median pay for CEOs of companies belonging to the same industry and with similar market capitalizations. Meanwhile, shareholder returns paint a sorry picture for the company, finishing in the red over the last three years. However, EPS growth is positive over the same time frame. It’s tough for us to say CEO compensation is too generous when EPS growth is positive, but negative investor returns will irk shareholders and reduce any chances of a raise.
We can learn a lot about a company by studying its CEO compensation trends, along with looking at other aspects of the business. We did our research and identified 6 warning signs (and 2 which are significant) in Titan Pharmaceuticals we think you should know about.
Switching gears from Titan Pharmaceuticals, if you’re hunting for a pristine balance sheet and premium returns, this free list of high return, low debt companies is a great place to look.
This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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LAPD officer injured after shooting inside station, authorities say
LOS ANGELES — An officer was injured following a shooting inside a Los Angeles Police Department station late Saturday, authorities said.
The LAPD announced that a “significant police incident” took place at its Harbor Station in San Pedro, California. The police officer was taken to a hospital with an injury that’s not considered to be life-threatening, the department said. A suspect was in custody.
“Some individual came into the Harbor station, and when an officer went to speak with him, some type of confrontation occurred where we believe an officer was disarmed,” said Chief Michel Moore, the Los Angeles Times reported.
According to the Times, Moore said other officers reacted and pursued the individual, who fled the station but was apprehended by police soon after. Moore added that at least one officer opened fire, the Times reported.
Moore said on Twitter that the injured officer was not shot, adding: “He is resting and will be ok. Bumps and bruises.”
Los Angeles Mayor Eric Garcetti expressed his concern on Twitter and sent his “best wishes for a quick and full recovery.”
The shooting comes after two Los Angeles County sheriff’s deputies were shot in an apparent ambush earlier this month while sitting in a patrol car parked near a metro stop in Compton, California.
‘Long road to recovery’: LA sheriff’s deputies out of hospital; hunt continues for gunman
The nation’s second-largest city, already on edge after the death of George Floyd and the shooting of Jacob Blake prompted protests and unrest in the streets, is also dealing with its own racially divisive shooting by law enforcement.
Sheriff’s deputies fatally shot a Black man, Dijon Kizzee, after they attempted to stop him over an unspecified “code violation” as he rode his bicycle through an unincorporated section of south Los Angeles in August.
Related: Activists see progress after George Floyd’s death but say more must be done
Contributing: N’dea Yancey-Bragg and Chris Woodyard, USA TODAY; The Associated Press
This article originally appeared on USA TODAY: Police officer injured after shooting inside LAPD station
Hundreds gather in Portland for dueling demonstrations
Hundreds of people gathered in Portland, Oregon, for dueling rallies, one held by far-right group Proud Boys and the other counter demonstration by leftwing groups. There were few arrests and citations, although police said they were searching for a suspect believed to have assaulted a person live-streaming the events.
CBS Portland affiliate KOIN reported there were about 200 people, many wearing militarized body armor, at the Proud Boys rally, along with a heavy police presence. There was a much larger crowd of counter-protesters at another park.
“I think where the line has to be drawn and there should be zero tolerance is when people commit acts of violence on other people because of their political views,” Enrique Tarrio, the chairman of the Proud Boys, told KOIN. He traveled from Miami to Oregon for this because he feels “like Portland is the epicenter for all the issues we’re having across the country.”
Carol Leek of Oregon Women for Trump told the crowd they had to fight against “Black supremacy,” KOIN reported. “This is a war folks, and we have got to fight back,” she said.
The event began around noon and dispersed by 3 p.m. Oregon Governor Kate Brown had declared a state of emergency ahead of Saturday’s event. The Proud Boys are a designated hate group by the Southern Poverty Law Center.
“As we head into the weekend, we are aware that white supremacist groups from out of town, including the Proud Boys, are planning a rally on Saturday in Portland,” Brown said in a statement Friday. “Significant crowds of people are expected to join — some people will be armed, with others ready to harass or intimidate Oregonians. Many are from out of state. These types of demonstrations in the past have often ended in fistfights, and sometimes escalated to bloodshed.”
Counter-protesters, meanwhile, told KOIN they wanted to stand against white supremacy and fascism and to show Portland is a peaceful city.
“I mean, I’m non-violent. I don’t want to fight anybody,” Gerry Foote said. “I thought maybe some people like me should come out and just say what I need to say.”
In a statement late Saturday afternoon, Portland Mayor Ted Wheeler thanked the police and law enforcement partners for making sure “the demonstrations have remained largely peaceful throughout the day. It’s testimony to the collaborative planning and preparation Portland Police did with our local, state and federal partners. … As the evening unfolds, I urge people to remain peaceful. We will do everything possible to hold those who break the law accountable. Violence is not welcome in Portland.”
The confluence of ideologies is nothing new for Portland, which has been host toagainst police violence and systemic racism since the death of at the hands of Minneapolis police in May. Nevertheless, Governor Brown said the state is deploying a special law enforcement plan to handle this weekend’s expected tensions.
“The Proud Boys and Patriot Prayer groups have come to Portland time and again, from out of town, looking for a fight, and the results are always tragic,” Brown said. “Let me be perfectly clear: We will not tolerate any kind of violence this weekend.”
The governor’s plan allows Oregon State Police and the sheriff in charge of public safety in Portland to use tear gas if lives are at risk, and allows dozens more officers to be deployed in their effort to keep the groups apart and avoid bloodshed, KOIN reports. Brown said her intention is to “keep the peace and protect free speech.”
“In America, we have the right to peacefully assemble, and everyone in Oregon has a right to express themselves freely — even those who the vast majority of Oregonians would deeply disagree with,” she said. “However, the First Amendment does not give anyone license to hurt or kill someone because of opposing political views.”
“When free expression is fueled by hate, and coupled with an intention to incite violence, then I need to do everything I can as Governor to ensure the public safety of Oregonians.”
The governor added, “we will not tolerate that violence and tragedy this weekend. Violence is never the answer. Violence never brings anyone over to your side. Instead, violence only deepens divisions.”
Portland has seen protests against police violence for months, markingin early September. The situation there has drawn attention from Mr. Trump, who sent federal agents to the city over the summer.
City officials said the nightly demonstrations were dwindling when the Department of Homeland Security decided on July 4 to increase its presence around Portland’s federal courthouse after a small group of people shattered a glass door at the federal building.
The law enforcement escalation — at one point ballooning to include at least 114 federal officers — was followed by an increase in arrests and violence in the city. Dozens more protesters, journalists and federal agents were injured.
Portland never requested federal help. Mayor Ted Wheeler wrote in an open letter to President Trump on August 28 that the city condemns any looting, arson and vandalism, but said sending in federal officers “made the situation far worse.”
“We don’t need your politics of division and demagoguery,” Wheeler wrote to the president. “Portlanders are onto you… we know you’ve reached the conclusion that images of violence or vandalism are your only ticket to reelection.”
Caroline Linton contributed to this report.
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