eventAction: 'click_image_ads' Notice: Information contained herein is not and should not be construed as an offer, solicitation, or recommendation to buy or sell securities. The company went public in 2014 and its share prices have surged over the past year and has outperformed the S&P 500. In the last 8 years, insiders at Paycom Software, Inc have sold an estimated value of $7.88B He originally had a two-year contract. Ten years later, he was still at Facebook as the Vice President of Infrastructure. Frederick C. Peters II who sold, In the last 8 years, insiders at Paycom Software, Inc have sold an estimated value of, Mailing address is 7501 W. Memorial Road Oklahoma City OK 73142 OK. Mr. Richison owns over 9,611 units of Paycom Software Inc stock worth over $1,438,372,111 and over the last 9 years he sold PAYC stock worth over $464,538,932. During the last year, insiders at the software maker sold shares 7 times. This company has already shown success in human trials And Our research shows that anyone who gets in today could see a 46,751% return. His estimated earning is $1 million $2 million. $200 per post at $10/CPM. "We want to be the best solution for our clients and are always looking at how it can be better, not how great it is. It launched in 1996 and made its IPO in 2003. He made the technology company public in 2014 with its stock price reportedly rising by 108.72 per cent over the last year alone. Barton had a better idea. Apple CEO Tim Cook received the second-highest award in 2011 worth $378M, while Tesla CEO Elon Musk topped the list with shares awarded worth around $2.3B in 2018, which continues to remain the biggest CEO package stock award. Most recently he sold 9,611 units of PAYC stock worth $2,645,332 on 11 May 2022. About 1,000 employees of the cloud-based human capital management software company will work out of the new. $140 per post at $7/CPM. Quick Facts: Here are some interesting facts about Chad Richardson: * He is originated from Canada. Learn More on Chad R. Richison's salary. Salesforce Soars Late On Earnings, Guidance, Buyback, Dow Jones Futures Fall, AI Arms Race Intensifies; Fortinet, Enphase, Uber Jump On Earnings, Paycom Software Earns Composite Rating Upgrade, Stock Upgrades: Paycom Software Shows Rising Relative Strength, Shopify Stock Sees Relative Strength Rating Jump To 84, Paycom Earnings, Revenue Top Estimates Amid Interest Rate Boost, Dow Jones Falls Ahead Of Fed Decision, Powell Comments; AMD Rallies On Earnings, Dow Jones Futures: Stock Market Rally Awaits Fed Pivot Signals; AMD, Devon Move On Earnings. In 1998, Richison founded Paycom where he serves as its president and chief executive officer as well as its chairman of its board of directors. He will not be given any additional equity grants until 2026, the company said. There is a new name breaking into the list of the highest-paid chief executives: Chad Richison, the founder and CEO of payroll processor Paycom Software Inc. Photo . hitType: 'event', If Paycoms stock price stays above $1,000 for 20 consecutive trading days within six years, Richison will also receive half of the shares before 2030. But the good news is, if China invades Taiwan, there is a way to protect yourself. Coming up with brilliant ideas, though, is only part of what drives Richison's success. Here are some interesting facts about Chad Richardson: * His Star sign is Pisces and zodiac sign element is Water. Few business owners then knew much about what was then called the World Wide Web. "On my first sales calls I used to carry AOL and Prodigy diskettes and 25-foot, 50-foot and even 100-foot phone cords to make sure I could get a dedicated phone line; we were on dial-up back then," Richison said. Paycom has the ability to serve businesses of all sizes and in every industry. Jason Clark, chairman of the Paycom boards compensation committee, told the Journal that the full award of shares will only be granted if Richison achieves aggressive performance goals. It's one thing to order a latte at a coffee shop and get served a tea instead, he says. It has since attracted more than 200 billionaires across the world to its cause. According to our database, Chad Richardson is still alive. Realtime quote and/or trade prices are not sourced from all markets. pg.acq.push(function() { The estimated net worth of Chad R. Richison is at least $1.35 billion as of May 11th, 2022. ga('ads.send', { Overcame: Skepticism of early customers to trust a large part of such a critical function, human resources, to a new company with such a young CEO. Information on this page was last updated on 8/8/2022. 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"If we do it with 99.99% accuracy, we get an F," Richison said. On average, Chad trades about 100,284 units every 63 days since 2014. While growing up in Oklahoma, Richison hustled to make money like everyone else in his small town. Richison saysconstant innovation and making what's already a good product even better is a prerequisite for success for any business. For me, it is not what has been built, but what's left to be built.". On average, Paycom Software Inc executives and independent directors trade stock every 13 days with the average trade being worth of $260,724,021. He is also ranked in the richest person list from Canada. Chad R. Richison serves as Chairman of the Board, President, Chief Executive Officer, Director of the Company. (if applicable) for The Wall Street Journal. Chad Richison is an American entrepreneur who has served as President and Chief Executive Officer of Paycom since its founding. That's a lot of money doing a lot of good, and I think we can all agree we need more good in this world. }); if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[300,250],'buzzlearn_com-box-4','ezslot_2',127,'0','0'])};__ez_fad_position('div-gpt-ad-buzzlearn_com-box-4-0');if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[300,250],'buzzlearn_com-box-4','ezslot_3',127,'0','1'])};__ez_fad_position('div-gpt-ad-buzzlearn_com-box-4-0_1');.box-4-multi-127{border:none!important;display:block!important;float:none!important;line-height:0;margin-bottom:7px!important;margin-left:auto!important;margin-right:auto!important;margin-top:7px!important;max-width:100%!important;min-height:250px;padding:0;text-align:center!important}Chad Richardsons birthday is on 17-Mar-1970 and was born on Tuesday. We are no longer accepting comments on this article. Do hard things and it will pay off.". 'Growing up in Tuttle, Oklahoma, I learned that if I wanted something, I had to work hard for it. eventAction: 'click_adunit' } Chad Richardson founded the Oklahoma-based payroll system Paycom in 1998. }); Paycom combines the duties of entire departments into one application. eventCategory: event.slot.getSlotElementId(), The Giving Pledge - which was started by Bill and Melinda Gates - is a commitment by extremely wealthy individuals to giving away a majority of their wealth to philanthropic causes. In addition to that, Richison was awarded 1.61M restricted shares in November of last year as a part of the compensation, which he will only receive if the companys share price more than double by 2030. With an estimated net worth at the U.S. $2.1 billion, Richison is one of Oklahoma's . , updated How Chipotle's Stock Price More Than Quadrupled in Five Years, How Repaying Student Loans Is ChangingDramatically. He still runs the company today as CEO, and his skin is very much in the game: he owns 13.2% of shares outstanding a sum worth about $370 million. Paycom Software, Inc's most recent insider trade came on August 10, 2022 by The New York Times reported last week that his earnings in 2020 were the most among all CEOs, about four times as much as most others who cracked the Top 10. Neves became a billionaire in September 2018, when Farfetch made its IPO on the New York Stock Exchange. The information has been obtained from sources we believe to be reliable; however no guarantee is made or implied with respect to its accuracy, timeliness, or completeness. Richison, who founded the payroll processor in 1998, was awarded 1.61 million restricted shares in November - which he only receives if the company's share prices more than double by 2030, the Wall Street Journal reported. There are 13 older and no younger executives at Paycom Software Inc. Learn More on Paycom Software's active insiders. Richison only gets half of the shares if the company's stock price stays above $1,000 for 20 consecutive trading days within six years, the outlet reported. Richardson was able to anticipate where the internet was going and how it could change how business is conducted. Paycom Software Inc executives and other stock owners filed with the SEC include: Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens, Stocks and cryptocurrency portfolio tracker. Employers and employees struggled to find, track and update HR information. Mr. Richison was selected to serve on our Board of Directors based on the leadership skills, strategic guidance and experience he brings as our President and Chief Executive Officer and operational expertise from his prior experience in the industry. The company was founded by Chad R. Richison in 1998 and is headquartered in Oklahoma City, OK. "What drives the innovation is competition," Richison said. In February 2013, the company bought CoMag, the U.S. magazine distributor previously co-owned by Conde Nast and Hearst. There are no executives at Paycom Software Inc getting paid more. On average, Paycom Software Inc executives and independent directors trade stock every 13 days with the average trade being worth of $260,724,021. And founded R. Eliot King & Company and Peninsula Capital. According to Forbes data, Richison has a net worth of around $2.9B, which makes him 1,064 on a list of the world's billionaires. Elon Musk received the largest CEO award in 2018 when he was given stocks valued at $2.3 billion by his company Tesla. "I was a 16-year-old running two crews," Richison said. $371.17K . And Richison's leadership and employee-friendly management style is a big reason why. There are 13 older and no younger executives at Paycom Software Inc. According to our database, Chad Richardson is still alive. Insider trading is most common in May, with the busiest year in 2015. There are no executives at Paycom Software Inc getting paid more. Paycom. According to Forbes data, Richison has a net worth around $2.9 billion making him the1,064 on a list of the world's billionaires. Frederick C. Peters II who sold 1,000 units worth The largest trade he's ever made was selling 1,500,000 units of Paycom Software Inc stock on 20 May 2015 worth over $53,625,000. "If someone's tax information is wrong or they don't get paid on time or they thought they enrolled their child in a health insurance plan only to find out later they aren't enrolled, that's failure in our business," Richison said. Before getting into financial management, he was a blackjack player in Las Vegas. ga('ads.send', { eventCategory: event.slot.getSlotElementId(), Chad Richison's equity award could wind up worth more than $2 billion over several years; Paycom says he only gets it if the stock more than doubles Chad Richison started Paycom in 1998. Nor should workers have to call or email HR to find out how to access tax-withholding data or update their address or find out how many sick days they have left. Jeff Rothschild co-founded Veritas Software in the last 1980s. Already a member? Learn More on Chad R. Richison's trading history. Since then, he has grown the company into one of the largest privately-held home builders in the U.S. The most active traders at the company are What is Chad Richison's Net Worth? gads_event = event; He. Together, they run the Huo Family Foundation which they founded in 2009 to support education, communities, and the pursuit of knowledge. He is also the founder of Green Shoe Foundation, a nonprofit that aims to improve people's mental health through counseling and therapy sessions. "Determination, flexibility, support and belief in yourself will empower you to accomplish your goals. He is one of the longest-serving employees at Facebook. hitType: 'event', Richardson was the highest-paid CEO in the United States in 2020, earning $211.13 million from Paycom as part of a ten-year performance contract. Baby Mia Jade Riley: Parents Lani and Tom Riley speak out after dog attack killed their 5-week-old infant, Kyle Sambrook: Hiker falls 100ft to death while carrying his dog in one hand through 'appalling' weather, Bruce Willis's mom Marlene 'not sure if her son still recognizes her' as 'aggressiveness' creeps in, Killer mom Lindsay Clancy was suffering from drug withdrawal and had 'worst side effects,' says friend, 'End this crazy show': Julia Wandelt may seek court's help for DNA test to prove she is Madeleine McCann. Let's take a look at the new Giving Pledge members and how they made their multi-million to billion-dollar-plus fortunes. 'Mr. Mr. Richison owns 4,727,444 shares of Paycom Software stock worth more than $1,345,005,092 as of March 1st. The Oklahoma City billionaire last year was awarded compensation valued at $211 million by Paycom, the company disclosed in the annual proxy statement it filed with the Securities and Exchange Commission last week. People who sign The Giving Pledge must be billionaires. When it comes to client service, perfection and delivering mistake-free payrolls week after week is what Richison and Paycom strive for. Chad Richison owns about 4,727,569 . Paycom Software's insider roster includes Craig Boelte (CFO), Jason Clark (Director), Jon Evans (COO), Holly Faurot (Insider), Robert Levenson (Director), Justin Long (EVP), Frederick Peters, II (Director), Chad Richison (CEO), Bradley Smith (Insider), J. C. Watts, Jr. (Director), and Jeffrey York (Insider). reporters on a platform technologically tailored to meet the needs of the modern reader. Learn how you can make more money with IBD's investing tools, top-performing stock lists, and educational content. Richison's observation set his success in motion. In the mid-90s he founded the gaming company Mpath Interactive. "I could make $600 to $700 in cash" per week, he said. The donations mainly funded the university's athletic program, including the locker rooms and training facilities. window.googletag.cmd.push(function() { He has made such an amount of wealth from his primary career as a Actor. Over the last 9 years, insiders at Paycom Software Inc have traded over $7,756,882,626 worth of Paycom Software Inc stock and bought 141,120 units worth $3,728,353 In June 2017, JD.com bought a minority stake in Farfetch for $397 million. What's worse, payroll data, time-off requests, attendance records, benefits files, tax-withholding forms and employee reviews were scattered all over. (Paycom). }); Mark Zuckerberg had other plans and hired him to be a backend consultant/fix-it man at Facebook. The shares are currently estimated to be worth around $702M. The largest trade he's ever made was selling 1,500,000 units of Paycom Software Inc stock on 20 May 2015 worth over $53,625,000. Chad sun sign is Pisces and his birth flower is Daffodil & Jonquil. Chad Richardson Director of Sales at All Points Huntersville, North Carolina, United States 1 connection In early 2020, the organization was added to the prestigious S&P 500. "This company long ago surpassed anything I could do alone, and I value input from those who demonstrate our core values.". }) }); ga('ads.send', { The current estimated net worth of Paycom Software, Inc's Chief Financial Officer, Craig E Boelte, is estimated to be about $192.19M . Its cloud-based software solution is based on a core system of record maintained in a single database for all human capital management functions, providing the functionality that businesses need to manage the complete employment lifecycle, from recruitment to retirement. eventCategory: event.slot.getSlotElementId(), Dorothy King also helped launch R. Eliot King & Company. It offers functionality and data analytics that businesses need to manage the complete employment life cycle from recruitment to retirement. Conway also invested in BuzzFeed, Digg, Facebook, Foursquare, Napster, Pinterest, and Twitter. 11/20/2020 9:23 PM. Dr. Xue Fang has her BA from Beijing University and a Ph.D. in Neuroscience from Princeton. Sign In. }); Jan 2001 - Mar 20076 years 3 months. 'This award is entirely dependent on Mr. Richison achieving aggressive performance goalswhich will generate tremendous value for our stockholders.'. He has also served as a member of our Board of Directors since 1998 and was appointed Chairman of the Board of Directors in August 2016. Chad's mailing address filed with the SEC is Paycom, 7501, West Memorial Road, Oklahoma City, Oklahoma County, Oklahoma, 73142, United States. Chad Richison usually trades in May, with the busiest year in 2020. Richison said in today's internet-connected world there's no need for HR managers or payroll and recruitment staff to type in employee data. Dead or Alive? He has made such an amount of wealth from his primary career as a Actor. David Weekly founded Houston-based David Weekly Homes in 1976, when he was 23. Mr. Richison was selected to serve on our Board of Directors based on the leadership skills, strategic guidance and experience he brings as our President and Chief Executive Officer and operational expertise from his prior experience in the industry. Fixing it was a massive opportunity. Late last year, Richison reportedly signed the Giving Pledge created by Bill Gates and Warren Buffett, publicly promising to give away at least half his wealth. "Everywhere else in your life you have a direct relationship with a database except at work.". Richison, a former senior manager at payroll firm ADP, founded Paycom in 1998. According to The Wall Street Journal, if he is awarded the shares, then the CEO could have close to $2B added to his personal wealth. This documentary-style series follows investigative journalists as they uncover the truth. Enter your email address below to get our daily insider buying and selling report. Get market updates, educational videos, webinars, and stock analysis. According to the Journal citing MyLogIQ data, Richisons compensation package is considered to be one of the five-largest awards to a CEO since 2010. Axon Stock Lights Up On Big Earnings Beat, Taser News, Apple Is Still The Richest Company By Squatting On Your Money. As one of the leading human capital management providers, Paycom serves clients in all 50 states from offices across the country. The oldest executive at Paycom Software Inc is RobertLevenson, 78, who is the Independent Director. Rich Barton graduated from Stanford with a degree in engineering in 1989. "For many people it was the first time they had used the internet. The company has expanded to 20 cities across the country and sold more than 100,000 homes. He also discussed his philanthropy in his home state of Oklahoma and in the field of mental. The most recent stock trade was executed by Frederick C Ii Peters on 8 August 2022, trading 1,000 units of PAYC stock currently worth $371,170. Of this total $753,701 was received as a salary, $1,479,630 was received as a bonus, $0 was received in stock options, $0 was awarded as stock and $725,079 came from other types of compensation. Most didn't even have websites. Construction began in 2007 and took three years to complete, and now The Gordon Hartman Family Foundation has also been able to add a $17 million water park to the complex, called Morgan's Inspiration Island. And as he got older and began building his own business, he worked even harder. Notifications can be turned off anytime from browser settings. In 2016, the couple co-founded King Philanthropies. The current estimated net worth of Paycom Software, Inc's President and CEO, Chad Richison, is estimated to be about $1.73B . On many days, Richison the innovator had to quickly morph into Richison the salesman. Gross is one of the most well-known financial managers in the world. Listening to employees, too, helps you spot shifts even your customers might not notice. The online payroll and human resource technology provider based in Oklahoma City revealed that it awarded Richison $211M in compensation in 2020. Who is Paycom boss Chad Richison's wife Charis? In addition, he makes $21,138,600 as Chairman of the Board, President, Chief Executive Officer, and Director at Paycom Software Inc. Chad has made over 17 trades of the Paycom Software Inc stock since 2014, according to the Form 4 filled with the SEC. He is also an advisor and venture partner at the venture capital firm Accel Partners. Chad Richison is 49, he's been the Chairman of the Board, President, Chief Executive Officer a Director of Paycom Software Inc since 2016. He was born on March 17, 1970 and his birthplace is St. Johns Newfoundland and Labrador, Canada. if(document.querySelector("#adunit")){ Chad's mailing address filed with the SEC is Paycom, 7501, West Memorial Road, Oklahoma City, Oklahoma County, Oklahoma, 73142, United States. Disclamer: the number about Paycom's Instagram salary income and Paycom's Instagram net worth are just estimation based on publicly available information about Instagram's monetization programs, it is by no means accurate. Stephen Schwarzman rose through the ranks at Lehman Brothers becoming a managing director and then the Head of Global Acquisitions and Mergers. And the company ran payroll for more than 23,500 clients nationwide by the end of 2018. Chad Richison generously gifted $25 million since 2015 combined to the University of Central Oklahoma. His first name is Chad and his last name is Richardson. ", Get Ahead Of The Retention Game And Save Customers Before Losing Them, Embrace Challenges And Prepare For Obstacles To Achieve Success, Set 'Big, Hairy, Audacious' Goals Like George W. Merck Did, Get Full Access To IBD Stock Lists And Ratings. } All because he found out how to put all of a company's HR data on the internet in a single, easy-to-access database. Paycom Software can also be reached via phone at (405) 722-6900 and via email at [emailprotected] Learn More on Chad R. Richison's contact information. You will be notified in advance of any changes in rate or terms. Paycom's goal is for 100% employee engagement and usage with its database. Billionaire tech entrepreneur Chad Richison, the founder and chief executive of payroll processor Paycom and one of Oklahoma's richest men, has paid a discounted $26.5 million for an idiosyncratic Malibu property that was originally listed at $57.5 million when it first appeared on the market, about 2.5 years ago. It's designed to be an amusement park of "total inclusion," where anyone, regardless of any special needs they might have. Paycom's market value jumped from $2B five years ago to $22.7B based on Monday's, April 5, closing stock price, according to the latest report in the Wall Street Journal. Paycom opened its new Texas operations center on May 10 at 3489 SH 121 in Grapevine. Customer Service. BREAKING: Salesforce Soars Late On Earnings, Guidance, Buyback, Chad Richison, CEO of Paycom, shows you how to spot trending changes that can be big business. This makes him the highest-paid chief executive. The most active insiders traders include Russell L Carson, Jonathan M Rather a Patrick J Welsh. He has his BA from Duke, is a veteran of the Navy, and has his MBA from UCLA. Chad R. Richison has not been actively trading shares of Paycom Software in the last ninety days. He has also served as a member of our Board of Directors since 1998 and was appointed Chairman of the Board of Directors in August 2016. Chad Richison's largest sale order was 9,611 units , worth over News Corp is a global, diversified media and information services company focused on creating and distributing authoritative and engaging content and other products and services. and Jeffrey D York, Chief Sales Officer And he does it before his rivals notice. . And quite another thing for a payroll company to make a mistake. In 2003, Expedia was bought by IAC for $3.6 billion. Customer Service. The current estimated net worth of Paycom Software, Inc's President and CEO, Chad Richison, is estimated to be about $1.77B . What is Craig E. Boelte's salary? Its cloud-based software solution is based on a core system of record maintained in a single database for all human capital management functions, providing the functionality that businesses need to manage the complete employment lifecycle, from recruitment to retirement. Inside highest paid CEO's $211M package and philanthropy work. Craig E Boelte owns about 260,773 units of Paycom. }) Jose Neves is a Portuguese billionaire and the founder of the global luxury fashion online platform Farfetch. Mr. Richison was selected to serve on our Board of Directors based on the leadership skills, strategic guidance and experience he brings as our President and Chief Executive Officer and operational expertise from his prior experience in the industry. [2] This net worth evaluation does not reflect any other investments that Mr. Richison may own. Neves founded the software company Platforme in 1996. Chad Richison has been working as a President, Chief Executive Officer & Director at Paycom for 25 years. Chad Richardson's net worth or net income is estimated to be $1 million - $2 million dollars. In September 2008, after lobbying for the Federal takeover of Fannie Mae and Freddie Mac, Bill Gross netted $1.7 billion, due to holding large positions in agency-backed mortgage bonds of Fannie Mae and Freddie Mac. He left the firm in the mid-1980s to co-found The Blackstone Group, a company focused on acquisitions and mergers. Chad Richison is founder and CEO of Paycom, one of the first companies to process payroll completely online. eventAction: 'render' The most recent stock trade was executed by Frederick C Ii Peters on 8 August 2022, trading 1,000 units of PAYC stock currently worth $371,170. In high school, he ran a hay-hauling business with the help of a Chevy Viking truck that could hold 200 bales per run. As a leader in payroll and HR technology, Oklahoma City-based Paycom redefines the human capital management industry by allowing companies to effectively navigate a rapidly changing business environment. He joined Microsoft in 1991. He became known for his abilities to identify and exploit inefficiencies in markets and adjusting his strategies as PIMCO grew. Most recently he sold 9,611 units of PAYC stock worth $2,645,332 on 11 May 2022. Learn More on Chad R. Richison's contact information. Pattison also owns Ripley's Believe It Or Not and The Guinness Book of World Records. *Real-time prices by Nasdaq Last Sale. The estimated Net Worth of Chad R. Richison is at least $1.85 Billion dollars as of 11 May 2022. He received his bachelors degree in mass communicationsjournalism from the University of Central Oklahoma. Chad R. Richison serves as Chairman of the Board, President, Chief Executive Officer, Director of the Company. Insiders at Paycom Software own 15.2% of the company. "No one calls a bank anymore to void a check or transfer money, and we don't email an airline to buy a plane ticket or book a table for dinner over the phone," Richison said. Chad's mailing address filed with the SEC is Paycom, 7501, West Memorial Road, Oklahoma City, Oklahoma County, Oklahoma, 73142, United States. Chad Richison owns about 4,727,569 units of Paycom Software, Inc common stock. This information is according to proxy statements filed for the 2021 fiscal year. Are not sourced from all markets serves clients in all 50 states from offices across the country Richison usually in! Active traders at the company went public in 2014 with its stock price reportedly rising by 108.72 per over... It launched in 1996 and made its IPO on the internet in a,... Officer of Paycom Software own 15.2 % of the largest trade he 's made... The past year and has his MBA from UCLA. ``. `` and he does it before rivals. 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Of world Records HR managers or payroll and recruitment staff to type in employee data investments Mr.... Founded Houston-based david Weekly founded Houston-based david Weekly Homes in 1976, when Farfetch made its on... Wide Web the modern reader Here are some interesting facts about Chad Richardson #... Million $ 2 million dollars, webinars, and the company or terms million $ 2 million because... And Peninsula capital no executives at Paycom Software Inc getting paid more before his notice. Billion-Dollar-Plus fortunes is Chad Richison is one of the Board, President Chief... Videos, webinars, and educational content his bachelors degree in mass communicationsjournalism from University. When Farfetch made its IPO in 2003, Expedia was bought by IAC for $ 3.6 billion billion-dollar-plus.! Since attracted more than 23,500 clients nationwide by the end of 2018 into the. 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