ASIS CEO Michael Stack Exits

By John Honovich, Published Jun 22, 2015, 12:00am EDT (Info+)

Amid declining exhibitor attendance and membership troubles, the richest man in security management is leaving.

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******* *****, **** ***,****** *** $***,***+ ****** ************, ** ******** ** *** *** of ****. **** ********* ** **** that * ********** / ****** **** has **** ******** *** **** ** in *** ******* ** *********** / hiring * ***********.

ASIS ********

**** **** **** ** ****' ~$** million ****** ******* ***** **** ********, most *********** ********* ****** **** ** their ****** ***** (*** **** **********). *******, ********** ** **** **** the **** * ***** **** ~**,*** to ~**,*** (*** ******** ******* ********** statement ********* *** **** [**** ** longer *********]). *** *** ********* *** pay **** *** **** *****,*************, *** ******* **** *** ****.

********** ** *** ***** **** ******. Ten ***** ***,**** ******** **,*** *******. **** ****, ************ **,***, ******** * *** *% ****** growth ****. ***, ***** ************** **% ********** ***** ****, **** ******* *************** ** ********** ***** **** *** site.

******: ****** **** ********* ** *** original ******** ***** *** *** *******, they **** *** ********* ** *** member ***** ********, ******* ********* **** membership *** ******** ******* ***** *** price ****.

A *** ***?

** *** ******** ****, **** ***** ASIS ** *********** ** **** * new ****** *** * *** ***. Stack *** **** *** ***** ****, when ***** *** *********** ** ********** Internet *** ********** ******** ******* **** simpler *** **** ********.

***** **** ******* ****** *** **-****** end **** ********** *** ******* *** most ****** ********* ******** ******* ************* program (***), **** *** *** ******* **** to *** ******* ** *** **** two *******.

** **********, *** **** ** ********** manufacturers *** ******* **** ******* **** tens ** ******** ** ***********, ************ and ********** *****. ** *** **** time, **** *** ******** **** ******* to ****** ** ***** ** **********, increasing ******* ** *** ***** ** security ********. ** ** ******* **** ASIS **** *** **** ** ********* or ****** ********** *************, ***** **** revenue *********.

What's ****?

* ****** ** ****** ********* **** Michael **** [**** ** ****** *********] is * ****** ********* ** ** the **** ***. * *******-******** ******** and ** **** ******** *** **** than ** *****, ****' ******** ******* highlights *** ******** *** *****:

"* *********** *** ******* ** ******** of [******** ********** ********] ********, ********* profitability"

"*********** * ******** ******* *********: ******* creation *** *********"

"* ********** ***** ****'* **** ********* ************** *** ****** **, ********* ************* in ***** ***** *** ********** ******** of ********* ** ******* ** *** revenue"

*** ***** *** ***** ** ******* more ***** **** ********** ************* ***** adding ** '******* *********' **** ********** journalists **** ** ****** *** *******. The ****** ****** ******** ******** ** pay **** **** **** ***** (******* $500) *** *********** * ******* **** of **********.

** ********, ************* *** **** ** important *** ********* **** *** ********** with. ** ***** ********** ********* ********** (****), **** **** **** **** $*.* million. ** *** ******** ****, *** organization ******* $**.* ******* ** *** assets ***** ** **** *** *****.

*** *******, ******, ** **** **** can ** *********** ****** *** * long ****, ** ** *** * large ****** ***** *** ****** ****** position ** ************* **** **** *** reorganize / *** ***** ** **** things ****.

*** *** ***** ** **** **** wants ** **. **** **** **** really **** ** ******* ****, ****, and ******** *********** ** ******** ********** that ***** ******* ***** ******** **, or ** **** ***** ** **** vendors ***** ** **** ***** ******* to ***** *************?

Comments (15)

This piece is very good. I do, however, think you should get some mail over this quote.

"1993 when electronic security systems were in their infancy".

I understand the context but you skipped over 40 or so years of electronic security. And yes, they were networked systems. I certainly don't want to downplay the impact of Al Gore's invention but there was life before the "internet":-)

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Dale, thanks for the feedback.

'Infancy' is a loose term, ergo your valid counterpoint.

What I was getting at is that the systems at that technology at that time was far more rudimentary and less central than it is today. For example, what percentage of systems used digital recording or were connected by computer networking in 1993?

The change both in the systems being used and their centrality as well as the ability of the Internet to share information since 1993 has fundamentally changed what ASIS deals with.

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Btw, I replaced 'infancy' with 'were simpler and less critical' to make it more precise. Thanks.

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I got your point the first time. I was just messing with you. Digital recording of video was pretty new but other elements of electronic security could make up very compex systems and had been around a long time.

There's just a slight sting when you wipper snappers don't start electronics systems until the advent of commercial IP in the 90s.

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:)

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Although listed as a not-for-profit, ASIS would seem to be a for-executive-profit corporation.

I understand that NPO's need to pay market rates to attract the talent they need.

So a huge charity with billions of dollars of revenue may need to pay $500,000 or more for a CEO. It's a lot but still a blip on the income statement.

On the other hand when the compensation reaches the level where modifications to the executive salaries have a dramatic effect on the p/l, that is a red flag.

For instance, they lost 1.5 million in 2013. What was the total comp. paid to execs in 2013? 1.7 million.

All the 'profit' went to the execs. So they really 'made' $200,000. If you consider 'the execs' to be the company.

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Interesting, though, executive compensation was down significantly in 2013 compared to 2011.

2011 total executive compensation was ~$2.8 million (see here). In 2013, the same number of execs received ~$2.2 million.

Of course, ~$300,000 average is not peanuts...

The biggest thing I always found unfair is how ASIS relies on hundreds of volunteers to teach and lead essentially unpaid, while the execs make that much money.

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The biggest thing I always found unfair is how ASIS relies on hundreds of volunteers to teach and lead essentially unpaid, while the execs make that much money.

Yes, it's ironic that NPO's, that are generally viewed as humanitarian in the public eye, have the capacity to exploit the working class in this way, a way that the evil capitalist corp couldn't.

Of course ASIS is not exactly the Red Cross, therefore one assumes that often even the 'volunteers' have some profit motive behind their alms.

Which leads to another concern, what motive?

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Look who volunteers at their 'educational programs' - take, for example, their most recent video surveillance workshop - most of the volunteer 'faculty' are vendors, including 2 from Axis, 1 from Assa and 1 from NICE.

ASIS' retort to this has been that faculty are strictly prohibited from including their own company or products in the presentation. Of course, the companies are still free to shape their education based on the approach / offerings of their companies and use the rest of the time to network with end user students.

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I agree with all your comments, NPOs should have to demonstrate their value to the community they serve. You would, however, be hard pressed to find a presenter/manufacturer/consultant/volunteer etc. that does not have an agenda to satisfy.

Everyone has a motive to build/expand their empire. It is encumbent on the member student to glean what they can from this type of information venue. How do you feel about a "no member left behind" program?

In my experience, it's mostly gentlemen/ladies keeping each other's CEUs up to date for the certification du jour and has little consequence on the overall movement or health of the industry.

I will say the tradeshow is a good place to contact/touch whats new or different, for those who can afford it.

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Of course, the companies are still free to shape their education based on the approach / offerings of their companies...

"An efficient H.264 compression algorithm is key in video; a good rule of thumb is to look for one starting with the letter 'Z' and ending with 'stream'."

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Update: ASIS has added an official announcement to their website yesterday. Copied in full below:

"The ASIS Board of Directors, under the guidance of the ASIS Board Management Committee, has developed a CEO succession plan.

An Executive Search Committee, comprised of senior ASIS leaders, including a number of past ASIS presidents, has been formed to execute the process, including the engagement of an executive search firm, Spencer Stuart. Spencer Stuart is a leading global executive search firm with 50 offices in 30 countries around the world. The Board of Directors has full responsibility for overseeing the execution of the CEO succession plan and making the final selection of the CEO.

Please keep an eye on the ASIS website, where the final criteria for the position will be posted in the coming weeks. A link will also be provided there for qualified/interested parties to submit their resume for consideration."

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Update: ASIS has hired a new CEO, Peter J. O’Neil, who previously ran the American Industrial Hygiene Association.

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Let's hope he cleans the place up.

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