Young Presidents' Organization
Encyclopedia
The Young Presidents’ Organization (YPO) is a global network of young chief executives. With approximately 18,000 members in more than 100 countries, YPO and its graduate organization, WPO (World Presidents’ Organization) share a founding mission: Better Leaders Through Education and Idea Exchange.
. Furthermore the YPO promotes annual high-level meetings such as the WEF
and Horasis
.
1950 - Ray Hickok founds Young Presidents’ Organization in New York City
1956 - First “international” member admitted from outside North America
1956 - First international chapter added - YPO Ontario
in Canada
1960 - First YPO University, held in Miami Beach, Florida
, U.S.A.
1975 - Forum becomes a YPO institution when the Northern California Chapter (U.S.A.) organizes its 60 members into four groups
1984 - The triangle YPO logo is created
1990 - YPO International Headquarters move from New York City to Irving, Texas
, U.S.A.
1992 - YPO founder Ray Hickok dies
2007 - YPO merges with its graduate organization, World Presidents Organization (WPO) to become the world's largest global network of business leaders
2009 - YPO launches YPO Global Pulse, a quarterly economic confidence index designed to share member perspectives on the economy
2010 – Jill Belconis (YPO Chicago) is the first woman elected to serve as YPO-WPO International Chairman.
2010 - More than 1,500 YPO and WPO leaders convene for the Global Leadership Conference in Barcelona
, Spain
the largest gathering in the organization’s history. YPO launches its 60th anniversary celebration during the conference.
Title: President, Chairman of the Board, Chief Executive Officer, Managing Director, Managing Partner or Publisher, or equivalent of any of the above
Corporation Complexity:
Qualifying Corporation: An applicant must be qualified, in addition to age and title, by rules of corporate complexity established by the YPO Board of Directors. The candidate must meet one requirement from each category below; this means they must meet at least one “A” requirement AND one “B” requirement.
“A” Requirements
Requirement #1
The candidate must have at least 50 regular, full-time employees or the equivalent under their control. Persons engaged on a commission basis rather than straight salary are considered employees if they are permanently connected with the corporation and receive their principal livelihood therefrom. Seasonal employees are not included in YPO’s employee definition.
OR
Requirement #2
The total compensation of all employees, excluding the compensation of the candidate, must exceed US$1,000,000.
“B” Requirements
Requirement #1
The corporation must meet dollar volume requirements based on the type of corporation, as follows:
OR
Requirement #2
The corporation must have an enterprise value
of US$10,000,000 as defined by one of the following:
. Furthermore the YPO promotes annual high-level meetings such as the WEF
WEF
WEF may refer to:* Water Environment Federation, an organization of engineers and industry related to water use* Weifang Airport, an airport in Shandong Province, China...
and Horasis
Horasis
Horasis is an independent think tank based in Zurich, Switzerland, which was established in 2005 by Frank-Jürgen Richter, its Chairman. Its stated mission is to "enact visions for a sustainable future" through new platforms for cooperation and knowledge-sharing, particularly between developed...
.
History
YPO was founded in 1950 in New York City by manufacturer Ray Hickok, who was 27 years old when he became the head of his family’s 300-employee company. 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. YPO marked its 60th anniversary in 2010.1950 - Ray Hickok founds Young Presidents’ Organization in New York City
New York City
New York is the most populous city in the United States and the center of the New York Metropolitan Area, one of the most populous metropolitan areas in the world. New York exerts a significant impact upon global commerce, finance, media, art, fashion, research, technology, education, and...
1956 - First “international” member admitted from outside North America
1956 - First international chapter added - YPO Ontario
Ontario
Ontario is a province of Canada, located in east-central Canada. It is Canada's most populous province and second largest in total area. It is home to the nation's most populous city, Toronto, and the nation's capital, Ottawa....
in Canada
Canada
Canada is a North American country consisting of ten provinces and three territories. Located in the northern part of the continent, it extends from the Atlantic Ocean in the east to the Pacific Ocean in the west, and northward into the Arctic Ocean...
1960 - First YPO University, held in Miami Beach, Florida
Miami Beach, Florida
Miami Beach is a coastal resort city in Miami-Dade County, Florida, United States, incorporated on March 26, 1915. The municipality is located on a barrier island between the Atlantic Ocean and Biscayne Bay, the latter which separates the Beach from Miami city proper...
, U.S.A.
1975 - Forum becomes a YPO institution when the Northern California Chapter (U.S.A.) organizes its 60 members into four groups
1984 - The triangle YPO logo is created
1990 - YPO International Headquarters move from New York City to Irving, Texas
Irving, Texas
Irving is a city located in the U.S. state of Texas within Dallas County. According to the 2010 U.S. Census, the city population was 216,290. Irving is within the Dallas–Plano–Irving metropolitan division of the Dallas–Fort Worth–Arlington metropolitan area, designated...
, U.S.A.
1992 - YPO founder Ray Hickok dies
2007 - YPO merges with its graduate organization, World Presidents Organization (WPO) to become the world's largest global network of business leaders
2009 - YPO launches YPO Global Pulse, a quarterly economic confidence index designed to share member perspectives on the economy
2010 – Jill Belconis (YPO Chicago) is the first woman elected to serve as YPO-WPO International Chairman.
2010 - More than 1,500 YPO and WPO leaders convene for the Global Leadership Conference in Barcelona
Barcelona
Barcelona is the second largest city in Spain after Madrid, and the capital of Catalonia, with a population of 1,621,537 within its administrative limits on a land area of...
, Spain
Spain
Spain , officially the Kingdom of Spain languages]] under the European Charter for Regional or Minority Languages. In each of these, Spain's official name is as follows:;;;;;;), is a country and member state of the European Union located in southwestern Europe on the Iberian Peninsula...
the largest gathering in the organization’s history. YPO launches its 60th anniversary celebration during the conference.
Demographics
In aggregate, the companies run by YPO and WPO members employ more than 19 million people and generate US$5.4 trillion in annual revenues.Membership Requirements
Age: A new member application must be approved by Young Presidents’ Organization International before the applicant reaches their forty-fifth (45th) birthday. Exceptions may be made for new Chapters only.Title: President, Chairman of the Board, Chief Executive Officer, Managing Director, Managing Partner or Publisher, or equivalent of any of the above
Corporation Complexity:
Qualifying Corporation: An applicant must be qualified, in addition to age and title, by rules of corporate complexity established by the YPO Board of Directors. The candidate must meet one requirement from each category below; this means they must meet at least one “A” requirement AND one “B” requirement.
“A” Requirements
Requirement #1
The candidate must have at least 50 regular, full-time employees or the equivalent under their control. Persons engaged on a commission basis rather than straight salary are considered employees if they are permanently connected with the corporation and receive their principal livelihood therefrom. Seasonal employees are not included in YPO’s employee definition.
OR
Requirement #2
The total compensation of all employees, excluding the compensation of the candidate, must exceed US$1,000,000.
“B” Requirements
Requirement #1
The corporation must meet dollar volume requirements based on the type of corporation, as follows:
- Sales/Services/Manufacturing corporations must have at least US$8,000,000 in gross annual sales or turnover.
- Financial institutions must have average annual assets of at least US$160,000,000.
- Agency-type businesses must have annual fees or commissions billed of at least US$6,000,000.
OR
Requirement #2
The corporation must have an enterprise value
Enterprise value
Enterprise value , Total enterprise value , or Firm value is an economic measure reflecting the market value of a whole business. It is a sum of claims of all the security-holders: debtholders, preferred shareholders, minority shareholders, common equity holders, and others...
of US$10,000,000 as defined by one of the following:
- Net worth of assets before depreciationDepreciationDepreciation refers to two very different but related concepts:# the decrease in value of assets , and# the allocation of the cost of assets to periods in which the assets are used ....
of US$10,000,000. - Independent third-party investment/valuation of US$10,000,000.
- The sum of the company’s public equity value plus its debt less cash must equal US$10,000,000.