Advisory Board / ABCO
About Advisory Board
2445 M St. NW, Washington, D.C. 20037
www.advisoryboardcompany.com
| 202-266-5600
| Founded: 1979
Industry: Government And Professional Services | Category: Public Companies
The company began selling information about industry best practices in diagnostic imaging, taking advantage of interest in the fast-growing field to offer new benchmarking data and online tools for clients. Advisory Board clients typically pay an annual fixed fee for access to best-practices data, research, electronic analytical tools and other information.
More than 90 percent of Advisory Board member companies renewed in 2006. For the year, the average cost of a member contract rose, to $65,707 from $56,819 in 2005.
In early 2007, the company announced a plan to repurchase as much as $50 million of its stock, expanding an existing program to buy back shares. Advisory Board also reached a three-year agreement to license research with the Corporate Executive Board, a business-strategy firm that spun off from it.
In January, David Felsenthal was promoted to chief operating officer. Venture investor Peter J. Grua became a member of the board of directors. And Thomas J. Aprahamian, the company's chief accounting officer, secretary and treasurer, left the company for another organization.
CEO: Robert Musslewhite
2006 Financial Data
Revenues: $183,246,000 | Net Income: $28,876,000Asssets: $308,544,000 | Earnings Per Share: $1.47
Total employees: 837 | Local employees: 694
Company Leadership
| Frank J. Williams | Chairman and CEO |
| David L. Felsenthal | EVP |
| Richard A. Schwartz | EVP |
| Scott M. Fassbach | Chief Research Officer |
| Scott A. Schirmeier | Chief Marketing Officer |
Source: Compensation data provided by Equilar, Inc..
| Frank J. Williams Chairman and CEO | $6,871,899 Salary: $550,000 |
| David L. Felsenthal EVP | $1,405,101 Salary: $330,000 |
| Richard A. Schwartz EVP | $1,114,439 Salary: $482,040 |
| Scott M. Fassbach Chief Research Officer | $1,021,992 Salary: $535,600 |
| Scott A. Schirmeier Chief Marketing Officer | $935,643 Salary: $315,000 |
Did You Know
Advisory Board Co. sells strategic research, leadership development materials and consulting advice to the health-care industry. Its clients include more than 2,595 hospitals and health systems nationwide.