Chad Richardson is the Founder at Paycom based in Oklahoma City, Oklahoma. HQ Phone (405) 722-6900. The company was called "Ernest Group, Inc." and did business under the name "Paycom Payroll." David wrote two software programs for use at the company. Biography of Chad Richison. He was able to foresee where the Internet was going, how it could change the way business is conducted, and what it would mean for the HR world. Some of their donations reportedly include $1.0 million to theOklahoma Educational Television Authority, $1.0 million to the Foundation for Oklahoma City Public Schools, $1.0 million to the Community Food Bank of Eastern Oklahoma, and $200,000 to the Homeless Alliance. Richison, who's worth $3.6 billion according to Forbes, bought the property from Radical Skincare CEO Liz Edlich and attorney Dale Kinsella, who paid $2 million for the property in 2000 and spent 12 years building the beach house, according to Dirt. #blackriflecoffee #makeamericagreatagain #telemarkski https://t.co/olSNQxzKhy" By using simple tools like Lotus Notes, Microsoft Word, and Paint, Chad Richison managed to create the workflow of the initial version of the Paycom's software. Chad Richison, Paycom founder and CEO In 1998, the World Wide Web wasn't yet a household necessity, but something that tied up phone lines. Profiles with similar Title. Document Delivery; API; About Companies Officers; Home / Arkansas / PAYCOM PAYROLL, LLC / CHAD RICHISON. The home, known as Il Pelicano, boasts a secluded location on the beach that sets it apart from the nearby homes above on the cliff, Shawn Elliott of Nest Seekers International, who co-brokered the sale with Douglas Elliman, told Business Insider. He released two rock albums on the Aquarius label in the 1990s. 2023 www.oklahoman.com. He can be reached at ddenwalt@oklahoman.com or on Twitter at @denwalt. The company provides cloud-based HR management software to 31,000 employers. He has also served as a member of our Board of Directors since 1998 and was appointed Chairman of the Board of Directors in August 2016. [6] As of September, Forbes estimated his net worth at U.S. $2.3 billion. Have a story idea for Dale? To ensure you don't miss informative, industry-relevant content and resources, subscribe to receive Paycom updates. Paycom intimidates Oklahoma University By Ray Carter In a March 3, 2020 letter to the University of Oklahoma's board of regents, Paycom CEO Chad Richison wrote that the university's "previous diversity training efforts failed because they assured free speech protection." "The brand is all about innovation," said Paycom PR and Communications Director Jason Bodin. The company provides payroll and human resource services and joined the S&P 500 in 2020. At the University of Central Oklahoma, his alma mater, Richisons combined gifts of $14 million in 2015 and 2017 a university record funded a complete overhaul of the universitys athletics program, including brand new locker rooms and training facilities for the wrestling and football teams. A spokesperson for Richison's company did not immediately respond to Business Insider's request for comment for this story. Despite his affluence, Richison pledged to donate half of his fortune -- but why? S&P Global logo outside a building in Washington, Stay up to date with our daily newsletter, Here's Why Warren Buffett Won't Leave His Billions To His Kids, Here's Why Bill Gates' Kids Wont Inherit Much Of His Fortune, VinFast Slashes Lease Prices For First U.S. Chad Meredith Hurley is an American webmaster and businessman who serves as the advisor and former chief executive officer of YouTube. Chad Richison has been working as a President, Chief Executive Officer & Director at Paycom for 25 years. Mr. She was first married to Michael Clinton, and later to Robert Linfante. The idea behind Green Shoe is that everyone even if they havent been diagnosed with a mental health condition needs to assess their childhood trauma, which the foundation defines as anything less than nurturing. For a deposit of $475, which is returned if an attendee completes the retreat, participants spend five days in small groups of four to six people with the centers four licensed therapists. Paycom Location 7501 W Memorial Rd, Oklahoma City, Oklahoma, 73142, United States Description Read More Industry Software & Technical Consulting Software Support Dales work and that of other Oklahoman journalists by purchasing a digital subscription today at subscribe.oklahoman.com. Chad, a former senior manager at payroll firm ADP, founded Paycom in 1998. Post graduation, Chad Richison began his career in the payroll industry. }); "This award is entirely dependent on Mr. Richison achieving aggressive performance goals which will generate tremendous value for our stockholders specifically, an approximate 160% increase in (Paycom's) share price over the companys current share price.". His $10 million gift to UCO Athletics will fund its athletic complex. He also discussed his philanthropy in his home state of Oklahoma and in the field of mental health. His donation was used to fund and overhaul the universitys athletic program. Signatoriescommitto givingthe majority of theirwealth to philanthropic and charitable causesin their lifetimes or in their wills. Reflects change since 5 pm ET of prior trading day. hitType: 'event', In 1998, Chad Richison launched Paycom as a payroll service provider for businesses. Paycom founder and CEO Chad Richison was the highest compensated CEO in 2020, the New York Times reported. Chad Richison, who founded the payroll processor in 1998, was awarded 1.61 million restricted shares in November. window.adsContainer = {"positionAfterTitle":{"code":"Article_Desktop_300x250_Middle5_Rel_Newrev","isOrganicUserAd":true,"max_width":336,"max_height":280},"position2":{"code":"Article_Desktop_300x250_After_Title_Rel_Newrev","max_width":336,"max_height":280},"position3":{"code":"Article_Desktop_300x250_Below_Next_Rel_Newrev","max_width":300,"max_height":250},"position4":{"code":"Article_Desktop_300x250_Middle_Rel_Newrev","max_width":300,"max_height":250},"position5":{"code":"Article_Desktop_300x250_Middle1_Rel_Newrev","max_width":300,"max_height":250},"position6":{"code":"Article_Desktop_300x250_Middle2_Rel_Newrev","max_width":336,"max_height":280},"position7":{"code":"Article_Desktop_300x250_Middle3_Rel_Newrev","max_width":300,"max_height":250},"position8":{"code":"Article_Desktop_300x250_Middle4_Rel_Newrev","max_width":300,"max_height":250},"position9":{"code":"Article_Desktop_300x250_Middle5_Rel_Newrev","max_width":336,"max_height":280},"position10":{"code":"Article_Desktop_300x250_Middle6_Rel_Newrev","max_width":336,"max_height":280},"position11":{"code":"Article_Desktop_300x250_Middle7_Rel_Newrev","max_width":336,"max_height":280},"position12":{"code":"Article_Desktop_300x250_Middle8_Rel_Newrev","max_width":336,"max_height":280},"position13":{"code":"Article_Desktop_300x250_Middle9_Rel_Newrev","max_width":336,"max_height":280},"position14":{"code":"Article_Desktop_300x250_Middle10_Rel_Newrev","max_width":336,"max_height":280},"position15":{"code":"Article_Desktop_300x250_Middle11_Rel_Newrev","max_width":336,"max_height":280},"position16":{"code":"Article_Desktop_300x250_Middle12_Rel_Newrev","max_width":336,"max_height":280},"positionTop":{"code":"Article_Desktop_970x250_Header_Rel","isOrganicUserAd":false,"max_width":970,"max_height":250},"positionBottom":{"code":"Article_Desktop_Sidebar_Bottom_Rel_Newrev","isOrganicUserAd":true,"max_width":300,"max_height":600},"positionBottomRight":{"code":"Article_Desktop_300x250_After_Title_Rel_Newrev","isOrganicUserAd":true,"max_width":336,"max_height":280}} eventAction: 'view' Paycom said the value of the award is based on share performance and Richison will receive none of the awards unless the companys share price more than doubles. Access your favorite topics in a personalized feed while you're on the go. Richison, who's worth $3.6 billion according to Forbes, also owns homes in Edmond, Oklahoma, and Florida's Marco Island, according to Dirt. The company was called "Ernest Group, Inc." and did business under the name "Paycom Payroll.". Chad Richison - President and CEO. "To their credit, this couldn't have been an easy build and I'm sure it cost them millions of dollars to build it," Elliott told Business Insider. Due to the sizable compensation Richison received, he was named the highest-paid CEO in the S&P 500. [29], The Green Shoe Foundation, an organization founded by Richison, was the recipient of the 2017 'Dr. pg.acq.push(function() { Charis, who is passionate about helping students across the state, has volunteered in Oklahoma City schools assisting students with management of their diabetic medical plans, serving as a mentor, and providing cultural experiences for OKC students in the arts through Civic Center experiences. One of the state's most prominent CEO's Chad Richison from Paycom has now sent the Governor two letters, urging him to do more for the well-being of Oklahomans. gads_event = event; After completing the first version, the challenge was to look for clients who were ready to use his product. The second was called "Independence." David left . document.querySelector("#adunit").addEventListener('click',function(){ report to the Securities and Exchange Commission, OKC Thunder: Amazon? (Shirley Sherman of Douglas Elliman, who also held the listing, declined to comment. [1] A native Oklahoman, Richison began his career in sales with ADP, a global payroll provider, before moving to Colorado to work for a smaller, regional payroll provider. Their work includes support for Oklahoma's first Hope Lodge,[18] the Oklahoma Educational Television Authority,[19] the Oklahoma City National Memorial and Museum,[20] public school programs, and more. Overcoming the Great Resignation Richison broke down the need for employers to manage their workforce's evolving expectations to combat the Great Resignation. Chad Richison, Paycom CEO A determined and successful entrepreneur of one of the fastest-growing companies in the world, Chad Richison has built a technology juggernaut in a state where the landscape of big business is dotted primarily with oil and gas. Her impact is seen and felt throughout our community.. She joined Novo Nordisks Oklahoma City branch in 2004. Founded in 2010 by Bill and Melinda Gates and Warren Buffett, the Giving Pledge is a global, multi-generational commitment by the worlds wealthiest individuals that aims to create a greater culture of giving to help tackle societys most pressing problems. If Paycom's share price rises enough, the award could be worth $2 billion. According to financial advisory firm Institutional Shareholder Services, his 2020 pay package included several company performance clauses that increased his total compensation to $702 million. Richison, now worth $3.4 billion, told Forbes that he has just signed on to the Giving Pledge. The bulk of Richisons giving is through the Richison Family Foundation, which has donated to local institutions including the Regional Food Bank of Oklahoma and the Oklahoma City National Memorial and Museum, which commemorates the deadly 1995 bombing that killed 168 people. As per voter records, Charis is affiliated with the Republican Party and is registered to vote in Oklahoma County, Oklahoma. As Web3 technology approaches, there are three distinct advantages that consumer and retail businesses can anticipate. Chad Richison -- President and Chief Executive Officer Thanks, Craig, and thank you to everyone joining our call today. Related by education: University of Central Oklahoma, Resides in Oklahoma City, OK Metropolitan Area. She is currently studying clinical mental health, and will graduate with an MA in counseling in 2022. Richison founded a nonprofit, the Green Shoe Foundation, which aims to improve people's mental health through counseling and therapy sessions. Richison was ranked one of the top 100 CEOs nationally in 2019 by Glassdoor,[23] and was the only Oklahoma executive on the large business list. } . The Wall Street Journal reported that Chad Richison last year was awarded compensation valued at $211 million by Paycom. . Paycom? [13][14] Richison is one of only seven billionaires residing in Oklahoma and is the youngest Oklahoman on the list. Richison, 50, began his career in sales for ADP before founding Paycom in 1998. People Like Chad Richison . Business Details Location of This. The New York Times reported last week that his earnings in 2020 were the most among all CEOs, about four times as much as most others who cracked the Top 10. Nasim Pedrads Chad will move to the Roku Channel for its second season. Baby Mia Jade Riley: Parents Lani and Tom Riley speak out after dog attack killed their 5-week-old infant, Kyle Sambrook: Hiker falls 100ft to death while carrying his dog in one hand through 'appalling' weather, Bruce Willis's mom Marlene 'not sure if her son still recognizes her' as 'aggressiveness' creeps in, Julia Faustyna: 21-yr-old girl who claims to be Madeleine McCann admits to making 'pornographic videos' in past, Killer mom Lindsay Clancy was suffering from drug withdrawal and had 'worst side effects,' says friend. You can be in the South of France, the Cote d'Azur, and you wouldn't know it. Liked by Chad Richardson Join now to see all activity Experience Senior Vice President of Financial Planning & Analysis FLEETCOR Sep 2015 - Dec 20205 years 4 months Norcross, GA Lead the. The chad richison founded Paycom in 1998, pioneering a self-employment approach to HR management, which paved the way for things like registering benefits or checking your wallet through your phone. Enter 'The Giving Pledge.' Helping kids is close to my heart, and Im honored to play a part in what the Foundation is doing to get resources to those who need them the most, Charis Richison had said at the time. Charis served as the executive diabetes-care specialist for over a decade before retiring in 2014. So often, employers and employees have to deal with outdated practices when it comes to payroll and H.R. Richison founded Paycom, which provides payroll and human resources services, in 1998 and took the company public in 2014. He is the founder of Infosys, and has been the chairman, chief executive officer, president, and chief mentor of the company before retiring and taking the title chairman emeritus. The native Oklahomans startup is believed to be one of the first companies to process payroll completely online, and the firm remains one of the fastest-growing in the U.S., with shares skyrocketing over the past year. eventAction: 'render' Currently working as President and Chief Executive Officer at Paycom in Oklahoma, United States. Move over, Elon Musk and Tim Cook. Designer vinyl and resi. Who Is Chad Richison? ga('ads.send', { But their main residence remains a 240-acre compound in the Oklahoma City suburb of Edmond, Oklahoma, where they enjoy luxe amenities that include a 10,500-square-foot main mansion, a full-size tennis court, a small lake, and a huge swimming pool fed by its own lazy river/mini-waterpark. This generous gift from Chad and his wife, Charis Richison, allows us to cover these vital expenses for OKCPS to provide for students during this health crisis and for many years beyond, said Mary Mlon, president and CEO for the foundation. Did Grant Cardone get Covid-19 during 'Undercover Billionaire'? media-tech companies with hubs around the world. Chad Richardson is a famous Canadian actor and singer. MEAWW is an initialism for Media Entertainment Arts WorldWide. Executives. She received her bachelors degree in business administration and management from Oklahoma State University in 1993, and has mostly worked in the medical business. Along the way, I co-founded the Giving Pledge in 2010 and committed to giving away the majority of my resources in my lifetime. Paycom, a leading provider of comprehensive, cloud-based technology for human capital management, today announced that its founder and CEO, Chad Richison, has been named one of Oklahoma's Most Admired CEOs by The Journal Record. ga('create', 'UA-67136960-15', 'auto', 'ads'); Costco? A stock price of $1,750 would launch the company's market cap to about $100 billion, making it one of the largest publicly traded companies based on current data. Richison founded Paycom in 1998 and has remained on as its President and Chief Executive Officer. Chad Richison is an American entrepreneur who has served as President and Chief Executive Officer of Paycom since its founding. [9], In April 2021, it was reported Richison was the highest paid CEO of any American company in 2020, receiving US$211.3 million as part of a restricted stock award. Richison, a former senior manager at payroll firm ADP, founded Paycom in 1998. He was born in 1972 in Edmond, Oklahoma, America. By clicking Sign up, you agree to receive marketing emails from Insider [15] In October 2017, he gave an additional $4 million gift to its 'complete the dream' campaign.[16]. Paycom, a leading provider of comprehensive, cloud-based technology for human capital management, today announced that its founder and CEO, Chad Richison, has been named one of Oklahomas Most Admired CEOs by The Journal Record. Bachelor of Arts/Science, University of Central Oklahoma. As for the Giving Pledge, Richison plans to meet the goal of giving away half his fortune well before he nears the end of his life. Chad Richison and his wife, Charis Richison, have recently gifted a generous donation to Oklahoma City schools during the pandemic. ga('ads.send', { Mr. Richison owns over 9,611 units of Paycom Software Inc stock worth over $1,543,132,270 and over the last 9 years he sold PAYC stock worth over $464,538,932. 2023 Paycom Payroll LLC. To date, he has donated $25 million to the college.[22]. Paycom Software, Inc. ( NYSE: PAYC) Q4 2021 Earnings Conference Call February 8, 2022 5:00 PM ET Company Participants James Samford - Head, Investor Relations Chad Richison - President and CEO. Donald Trumps real net worth? Instead, Richison put some $17 million into Green Shoe and pivoted to provide free counseling services for healthcare workers and first responders on the frontlines of Oklahomas Covid-19 response. 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