KLA-Tencor Corporation (KLAC): This Is One Incredible CEO

Source: Nasdaq.com.
*Assumes quarterly payout of $0.45 for remainder of 2013 and 2014.

In addition to shareholder incentives, KLA-Tencor Corporation (NASDAQ:KLAC) does a good job of taking care of its employees. Obviously it depends which facility you work at — KLA has offices throughout the world — but for the sake of argument, we’ll focus on its U.S. employees. Here, on top of the standard medical, dental, and vision care that you’d expect from a top-notch company, you’ll have access to an on-site sand volleyball and basketball court at its Milipitas, Calif., facility, as well as a fully equipped gym, and pre-tax commuter benefits. Not to mention that interns get treated well, with some getting assistance for housing and car rental.

KLA-Tencor Corporation (NASDAQ:KLAC)’s success also spills over to the communities that it operates in through the KLA-Tencor Foundation. Through a combination of cash grants, in-kind donations, employee volunteerism, and a matching gift program that allows the company to match up to $500 annually for each employee donation to a qualified non-profit organization, you could certainly say that KLA is doing its part to “chip in.” In 2005, as a perfect example, KLA matched its employee’s donations to the Hurricane Katrina Fund and helped raise $270,000!

Two thumbs up
Running a company in a naturally cyclical business is difficult, but Richard Wallace has succeeded with flying colors. A push into mobile and new types of processors appears well suited to usher in another spike in manufacturing control for KLA-Tencor Corporation (NASDAQ:KLAC), which, ultimately, could mean even greater cash flow return to shareholders. With KLA’s employees well taken care of and a charitable foundation put in place to remind employees and executives that it’s the communities it operates in that makes it success possible, I see no reason not to anoint Richard Wallace with two very enthusiastic thumbs up.

The article This Is One Incredible CEO originally appeared on Fool.com.

Fool contributor Sean Williams has no material interest in any companies mentioned in this article. You can follow him on CAPS under the screen name TMFUltraLong, track every pick he makes under the screen name TrackUltraLong, and check him out on Twitter, where he goes by the handle @TMFUltraLong.The Motley Fool owns shares of, and recommends, Intel.

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