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Chad Richison AI simulator
(@Chad Richison_simulator)
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Chad Richison AI simulator
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Chad Richison
Chad Richison is an American entrepreneur who has served as Chief Executive Officer of Paycom since its founding.
Richison, a graduate of Tuttle High School, holds a B.A. in Mass Communications from the University of Central Oklahoma (1989–93).
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. In 1998, Richison and his family moved to Oklahoma and he founded Paycom.
Richison founded Paycom in 1998 and has since served as Chief Executive Officer and a member of the Board of Directors. He was appointed Chairman in 2016 and served as President from 1998 to 2026. Paycom is believed to be one of the first companies to process payroll completely online and has been recognized by Fortune, Forbes and Inc. Magazine for its continued growth as one of the fastest-growing companies in the U.S.
On April 21, 2014, Richison took Paycom public on the New York Stock Exchange with a successful initial public offering of 6,645,000 shares that generated net proceeds of $64.3 million. Following the IPO, Richison purchased an additional 52,600 shares of Paycom stock. In 2019, Richison said that the next important thing for the company is 100% employee engagement and usage with Paycom’s database. He sees employee self-service (ESS) technology as a necessary change, allowing employees more freedom to manage and input their own HR data, and freeing businesses to do more strategic, and less administrative, work.
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. If Paycom's stock doesn't meet specific targets by 2030, the compensation package for 2020 will be in the range of $20 million (Richison is not eligible for another stock incentive until 2026).
Richison lives with his family in Edmond, Oklahoma, and is a member of the Greater Oklahoma City Chamber of Commerce and Oklahoma Business Roundtable. As of September, Forbes estimated his net worth at U.S. $2.3 billion. Richison is one of only seven billionaires residing in Oklahoma and is the youngest Oklahoman on the list.
In November 2015, Richison made, at the time, the single-largest donation ever to his alma mater's athletic program. His $10 million gift to UCO Athletics will fund its athletic complex. In October 2017, he gave an additional $4 million gift to its 'complete the dream' campaign.
Chad Richison
Chad Richison is an American entrepreneur who has served as Chief Executive Officer of Paycom since its founding.
Richison, a graduate of Tuttle High School, holds a B.A. in Mass Communications from the University of Central Oklahoma (1989–93).
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. In 1998, Richison and his family moved to Oklahoma and he founded Paycom.
Richison founded Paycom in 1998 and has since served as Chief Executive Officer and a member of the Board of Directors. He was appointed Chairman in 2016 and served as President from 1998 to 2026. Paycom is believed to be one of the first companies to process payroll completely online and has been recognized by Fortune, Forbes and Inc. Magazine for its continued growth as one of the fastest-growing companies in the U.S.
On April 21, 2014, Richison took Paycom public on the New York Stock Exchange with a successful initial public offering of 6,645,000 shares that generated net proceeds of $64.3 million. Following the IPO, Richison purchased an additional 52,600 shares of Paycom stock. In 2019, Richison said that the next important thing for the company is 100% employee engagement and usage with Paycom’s database. He sees employee self-service (ESS) technology as a necessary change, allowing employees more freedom to manage and input their own HR data, and freeing businesses to do more strategic, and less administrative, work.
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. If Paycom's stock doesn't meet specific targets by 2030, the compensation package for 2020 will be in the range of $20 million (Richison is not eligible for another stock incentive until 2026).
Richison lives with his family in Edmond, Oklahoma, and is a member of the Greater Oklahoma City Chamber of Commerce and Oklahoma Business Roundtable. As of September, Forbes estimated his net worth at U.S. $2.3 billion. Richison is one of only seven billionaires residing in Oklahoma and is the youngest Oklahoman on the list.
In November 2015, Richison made, at the time, the single-largest donation ever to his alma mater's athletic program. His $10 million gift to UCO Athletics will fund its athletic complex. In October 2017, he gave an additional $4 million gift to its 'complete the dream' campaign.