King of Coeur - Coeur d'Alene Press: Local News

King of Coeur

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Posted: Tuesday, July 31, 2012 10:48 am

The title, the background, the income, the designation by Forbes as one of the most powerful young CEOs in all the land — they paint a very stark and stuffy picture of Mitchell J. Krebs.

For the past year, he’s been president and CEO of Coeur d’Alene Mines Corp., a giant in the precious metals world with revenue growing from $100 million a decade ago to $1 billion now. In just the past year, net revenue from metals sales has doubled.

Krebs earned his bachelor’s degree in economics at Penn’s prestigious Wharton School, then topped that with an MBA from Harvard. His business background has been nothing short of blessed, especially, he says, when he crossed paths years ago with a man from Coeur d’Alene named Dennis Wheeler.

Businessweek calculated Krebs’s 2011 fiscal year total compensation in the seven-figure range, somewhat above the median annual income in North Idaho.

And in February, Forbes compiled a list of the 20 most powerful CEOs in the U.S. who are 40 or younger — Krebs turned 41 last month— and Krebs weighed in at No. 6. That’s Mr. Mitchell J. Krebs, president, chief executive officer, director and member of the executive committee for Coeur.

But the minute that boyish grin flashes? And it does, regularly and brilliantly. Why, that’s Mitch.

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3 comments:

  • inclined posted at 1:55 am on Wed, Aug 1, 2012.

    inclined Posts: 682

    Coeur financial snapshot, 2011

    • Record production of 19.1 million ounces of silver and 220,382 ounces of gold
    • Net metal sales topped $1 billion — nearly double previous year’s total.
    • Operating cash flow increased nearly 150 percent over previous year to $454 million.
    • Cash and equivalents increased 165 percent to $175 million at year-end.

    Let teachers improve anything 150%. Yes. Let merit pay rule. Give them incentive, and don't make
    Mitchell J. Krebs evil because he makes a profit, for his company, and himself. And think hard, too,
    of something Mr. Krebs said. "...a “fiscal cliff” is looming. If Congress allows the Bush tax cuts to expire, Coeur’s corporate tax rate will jump to 43 percent." That sounds like evil. That sounds like more evil news one the back of the largest tax increases in the history of the world with the Obamcare lolly pop.

     
  • spudman1 posted at 2:53 pm on Tue, Jul 31, 2012.

    spudman1 Posts: 453

    Show me a teacher running a Company that produces a Billion in revenue? We have have a teacher running the Country now. The results are nothing less than a disaster!

     
  • voxpop posted at 11:21 am on Tue, Jul 31, 2012.

    voxpop Posts: 738

    "Businessweek calculated Krebs’s 2011 fiscal year total compensation in the seven-figure range, somewhat above the median annual income in North Idaho."

    Unless you believe those who think teachers are ridiculously overpaid ... right, DeNiles?

     
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