Stock Research and Analysis

by Vishnu Lekraj
Heidrick & Struggles International is one of the leaders in placing top managers with business clients. Its functional and industry expertise have positioned the firm as a premier player, but it operates in a highly cyclical industry and faces significant   Read more 

Bulls Say

Changing U.S. demographics could help Heidrick & Struggles increase revenue as baby boomers retire and executive positions need to be filled.
A retained-fee structure guarantees the firm will be paid even if it does not fill a client's request.
The firm's brand is recognized as an established and reliable player in the executive search market. Read more 

Bears Say

The firm heavily relies on its employees' relationships with clients and potential candidates. The company stands to lose a great deal if an employee were to depart.
Heidrick & Struggles is very sensitive to economic cyclicality; revenue and margins swing wildly during different phases of a business cycle.
The number of executive management positions in the U.S. has declined in the past decade, and this trend could offset the baby boomer retirement effect.
The amount of compensation for higher-level workers has become a major negative headline in several industries, and this could impair the amount of fees earned by the firm moving forward. Read more 

Strategy

Heidrick & Struggles has recently reorganized itself to better serve its multinational clients. The firm's focus has changed from a geographic-based to a functional- and industry-based service. This   Read more 

Management

In our opinion, stewardship at Heidrick & Struggles has been fair. We like that the CEO and chairman roles are separated, with L. Kevin Kelly serving as CEO since September 2006. We like that the majority of executive compensation is tied to operating   Read more 

Profile

Heidrick & Struggles International is a management recruitment firm that helps clients fill high-level executive management positions. As a top player in this market,  Read more 

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