Young Presidents' Organization

YPO (formerly Young Presidents' Organization) is a global network of young chief executives with approximately 24,000 members in more than 130 countries, according to the organization's 2016 YPO International Fact Sheet.

History

YPO was founded in 1950 in Rochester, New York, by manufacturer Ray Hickok, who was 27 years old when he became the head of his family's Rochester-based Hickok Belt, a 300-employee company.

The first meeting was held at the Waldorf Astoria New York and was attended by General Robert Johnson (Johnson & Johnson).[1] Hickok and a small group of young presidents in the area began meeting regularly to share and learn from each other. This founding principle of education and idea exchange among peers still guides the organization today.[2]

  • The first non-U.S. chapter was created in 1956 in Ontario, Canada.
  • The first YPO University was held in Miami Beach, Florida.
  • YPO merged with its graduate organization, World Presidents Organization (WPO), in 2007 to become the world's largest global network of business leaders.
  • The YPO Global Pulse survey launched in 2009 and is a quarterly economic confidence index that shares business insights from CEOs around the globe[3][4][5]
  • In 2010, Jill Belconis became the first woman elected to serve as YPO-WPO International Chairman.
  • YPO formed an exclusive editorial partnership with CNBC since 2012. Members are part of a CNBC-YPO Chief Executive Network.[6]

Demographics

As of 2013, there are more than 450 chapters worldwide and 24,000 members.[7] YPO members participate in monthly activities with their chapter with each chapter consisting of 35 to 120 members. The average revenue per member company as of 2016 was $41 million USD.

Membership requirements

YPO membership is generally by invitation only.[8] To qualify for membership, a person must have become, before age 45, the president or chairman and chief executive officer of a corporation of significance with a minimum revenue and minimum number of employees. The financial criteria differ for service companies and banks.[1] Candidates must be typically recommended by two members of a local chapter and approved by a membership committee of each local chapter. [1] Prospective members may approach the organization directly, but most are invited by current members.[1] There is an initiation fee ranging from $3,000 - $10,000 and an annual membership fee of $2,500 - $10,000, sometimes in addition to the cost of individual YPO events, depending on chapter, in addition to an annual international membership fee which can range from $3,000 to $7,000.[1]

Notable members

Publications

Pat McNees, YPO: The First 50 Years. (Orange Frazer Press, 1999). ISBN 978-1-882203-59-8

References

  1. 1 2 3 4 5 "The secret life of Young Presidents".
  2. ↑ Hopkins, Mark. "Shortcut to prosperity: 10 entrepreneurial habits and a roadmap for an exceptional career". Greenleaf Book Group Press, 2013, pg 98.
  3. ↑ Ansberry, Clare (2010-03-02). "Companies Map Their Routes to Recovery - WSJ.com". Online.wsj.com. Retrieved 2013-12-22.
  4. ↑ "U.S. CEO Expectations". CNBC. Retrieved 2013-12-22.
  5. ↑ "Russian Rates Cut Again". CNBC. Retrieved 2013-12-22.
  6. ↑ "YPO & CNBC Enter Exclusive Editorial Partnership". Cnbc.com. 2012-02-28. Retrieved 2013-12-22.
  7. ↑ http://www.ypo.org YPO
  8. ↑ "Not So Lonely at the Top".
  9. 1 2 3 4 5 Waters, Craig R. (September 1, 1982). "The Secret Life Of Young Presidents". Inc. Retrieved November 6, 2015.
  10. ↑ "Speaker Bio: Peter Ueberroth - Washington Speakers Bureau". www.washingtonspeakers.com.
  11. 1 2 "YPO/Chicago Chapter - About YPO". ypochicago.org.
  12. ↑ "Alliance of Chief Executives" (PDF). www.allianceofceos.com.
  13. 1 2 http://www.ypo.org/Download/071910_WO05_YPO_PDF.pdf
  14. ↑ "Speaker Bio: Christie Hefner - Washington Speakers Bureau". www.washingtonspeakers.com.
  15. ↑ https://www.ypo.org/leanin-wyn
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