More Related Content
Similar to Nov15 BIG CEO 100 List
Similar to Nov15 BIG CEO 100 List (20)
More from Chandra Tallman
More from Chandra Tallman (6)
Nov15 BIG CEO 100 List
- 1. 1 22 3 54 11 12 13 14 15 21 22 23 24 25 Lars Rebien Sørensen COMPANY Novo Nordisk INDUSTRY Health care HQCOUNTRY Denmark START YEAR 2000 FOUNDER INSIDER CHAIRMAN MBA FINANCIAL ESG RANKING RANKING 6 15 The Ranking John Chambers* COMPANY Cisco Systems INDUSTRY Information technology HQCOUNTRY United States START YEAR 1995 FOUNDER INSIDER CHAIRMAN MBA FINANCIAL ESG RANKING RANKING 7 69 Pablo Isla COMPANY Inditex INDUSTRY Retail HQCOUNTRY Spain START YEAR 2005 FOUNDER INSIDER CHAIRMAN MBA FINANCIAL ESG RANKING RANKING 20 49 Elmar Degenhart COMPANY Continental INDUSTRY Automobile HQCOUNTRY Germany START YEAR 2009 FOUNDER INSIDER CHAIRMAN MBA FINANCIAL ESG RANKING RANKING 27 120 Martin Sorrell COMPANY WPP INDUSTRY Consumer services HQCOUNTRY United Kingdom START YEAR 1986 FOUNDER INSIDER CHAIRMAN MBA FINANCIAL ESG RANKING RANKING 15 187 Leslie Wexner COMPANY L Brands INDUSTRY Retail HQCOUNTRY United States START YEAR 1963 FOUNDER INSIDER CHAIRMAN MBA FINANCIAL ESG RANKING RANKING 14 275 Howard Schultz COMPANY Starbucks INDUSTRY Consumer goods HQCOUNTRY United States START YEAR 2008 FOUNDER INSIDER CHAIRMAN MBA FINANCIAL ESG RANKING RANKING 37 207 Mark Parker COMPANY Nike INDUSTRY Consumer goods HQCOUNTRY United States START YEAR 2006 FOUNDER INSIDER CHAIRMAN MBA FINANCIAL ESG RANKING RANKING 46 265 Martin Gilbert COMPANY Aberdeen Asset Management INDUSTRY Financial services HQCOUNTRY United Kingdom START YEAR 1983 FOUNDER INSIDER CHAIRMAN MBA FINANCIAL ESG RANKING RANKING 79 146 Johan Thijs COMPANY KBC INDUSTRY Financial services HQCOUNTRY Belgium START YEAR 2012 FOUNDER INSIDER CHAIRMAN MBA FINANCIAL ESG RANKING RANKING 84 134 Roberto Egydio Setubal COMPANY Itaú Unibanco INDUSTRY Financial services HQCOUNTRY Brazil START YEAR 1994 FOUNDER INSIDER CHAIRMAN MBA FINANCIAL ESG RANKING RANKING 4 460 Florentino Pérez Rodríguez COMPANY ACS INDUSTRY Industrials HQCOUNTRY Spain START YEAR 1993 FOUNDER INSIDER CHAIRMAN MBA FINANCIAL ESG RANKING RANKING 21 280 Jacques Aschenbroich COMPANY Valeo INDUSTRY Automobile HQCOUNTRY France START YEAR 2009 FOUNDER INSIDER CHAIRMAN MBA FINANCIAL ESG RANKING RANKING 78 62 Laurence Douglas Fink COMPANY BlackRock INDUSTRY Financial services HQCOUNTRY United States START YEAR 1988 FOUNDER INSIDER CHAIRMAN MBA FINANCIAL ESG RANKING RANKING 5 483 Benoît Potier COMPANY Air Liquide INDUSTRY Materials HQCOUNTRY France START YEAR 1997 FOUNDER INSIDER CHAIRMAN MBA FINANCIAL ESG RANKING RANKING 64 123 *STEPPED DOWN JULY 2015 52 Harvard Business Review November 2015 THE BIG IDEA THE BEST-PERFORMING CEOS IN THE WORLD 1315 Nov15 BIG CEO 100 List.indd 521315 Nov15 BIG CEO 100 List.indd 52 9/25/15 12:05 PM9/25/15 12:05 PM
- 2. 6 7 9 108 20 OVERALLRANK 16 OVERALLRANK 18 OVERALLRANK 19 OVERALLRANK 17 3026 27 28 29 Carlos Brito COMPANY Anheuser-Busch InBev INDUSTRY Consumer goods HQCOUNTRY Belgium START YEAR 2005 FOUNDER INSIDER CHAIRMAN MBA FINANCIAL ESG RANKING RANKING 38 228 Lars Rasmussen COMPANY Coloplast INDUSTRY Health care HQCOUNTRY Denmark START YEAR 2008 FOUNDER INSIDER CHAIRMAN MBA FINANCIAL ESG RANKING RANKING 81 57 Kasper Rorsted COMPANY Henkel INDUSTRY Consumer goods HQCOUNTRY Germany START YEAR 2008 FOUNDER INSIDER CHAIRMAN MBA FINANCIAL ESG RANKING RANKING 101 18 Alexander Cutler COMPANY Eaton INDUSTRY Industrials HQCOUNTRY United States START YEAR 2000 FOUNDER INSIDER CHAIRMAN MBA FINANCIAL ESG RANKING RANKING 52 226 Martin Winterkorn* COMPANY Volkswagen INDUSTRY Automobile HQCOUNTRY Germany START YEAR 2007 FOUNDER INSIDER CHAIRMAN MBA FINANCIAL ESG RANKING RANKING 99 46 Stephen Luczo COMPANY Seagate Technology INDUSTRY Information technology HQCOUNTRY United States START YEAR 2009 FOUNDER INSIDER CHAIRMAN MBA FINANCIAL ESG RANKING RANKING 41 99 Jon Fredrik Baksaas COMPANY Telenor INDUSTRY Telecommunication HQCOUNTRY Norway START YEAR 2002 FOUNDER INSIDER CHAIRMAN MBA FINANCIAL ESG RANKING RANKING 34 147 George Scangos COMPANY Biogen INDUSTRY Health care HQCOUNTRY United States START YEAR 2010 FOUNDER INSIDER CHAIRMAN MBA FINANCIAL ESG RANKING RANKING 36 143 Michael Wolf COMPANY Swedbank INDUSTRY Financial services HQCOUNTRY Sweden START YEAR 2009 FOUNDER INSIDER CHAIRMAN MBA FINANCIAL ESG RANKING RANKING 26 195 Fujio Mitarai COMPANY Canon INDUSTRY Information technology HQCOUNTRY Japan START YEAR 1995 FOUNDER INSIDER CHAIRMAN MBA FINANCIAL ESG RANKING RANKING 45 140 Norbert Reithofer COMPANY BMW INDUSTRY Automobile HQCOUNTRY Germany START YEAR 2006 FOUNDER INSIDER CHAIRMAN MBA FINANCIAL ESG RANKING RANKING 123 30 Martin Bouygues COMPANY Bouygues INDUSTRY Industrials HQCOUNTRY France START YEAR 1989 FOUNDER INSIDER CHAIRMAN MBA FINANCIAL ESG RANKING RANKING 62 255 Sergio Marchionne COMPANY Fiat Chrysler INDUSTRY Automobile HQCOUNTRY Italy START YEAR 2004 FOUNDER INSIDER CHAIRMAN MBA FINANCIAL ESG RANKING RANKING 104 88 Simon Wolfson COMPANY Next INDUSTRY Retail HQCOUNTRY United Kingdom START YEAR 2001 FOUNDER INSIDER CHAIRMAN MBA FINANCIAL ESG RANKING RANKING 50 308 Jen-Hsun Huang COMPANY Nvidia INDUSTRY Information technology HQCOUNTRY United States START YEAR 1993 FOUNDER INSIDER CHAIRMAN MBA FINANCIAL ESG RANKING RANKING 76 216 *STEPPED DOWN SEPTEMBER 2015 AMID VW’S EMISSIONS-CHEATINGSCANDAL HBR.ORG November 2015 Harvard Business Review 53 1315 Nov15 BIG CEO 100 List.indd 531315 Nov15 BIG CEO 100 List.indd 53 9/25/15 12:05 PM9/25/15 12:05 PM
- 3. 3231 3938 45 46 47 48 49 This year, for the first time, our ranking includes CEOs who started in their jobs before 1995. Because industry-adjusted company returns weren’t available for years prior to 1995, we omitted those CEOs in the past. This year we’ve calculated their performance as if they took office on January 1, 1995. While that may be imprecise and probably understates the results of very-long-serving CEOs (many of whom put up spectacular numbers early in their tenures), we believe it’s fairer than excluding them altogether. In an effort to understand how much this methodology penalizes long-term CEOs—and get a sense of how all the leaders we evaluated would do on a straight-up, unfiltered ranking—we’ve calculated each CEO’s total shareholder return (including dividends reinvested) with no adjustments, from his or her start date until April 30, 2015. Sure enough, seven of the top 10 are CEOs who started before 1995. (See below.) When you think about it, that makes sense: To earn the right to be CEO for more than 20 years, your performance should be top-notch. Ronnie Leten COMPANY Atlas Copco INDUSTRY Industrials HQCOUNTRY Sweden START YEAR 2009 FOUNDER INSIDER CHAIRMAN MBA FINANCIAL ESG RANKING RANKING 126 19 Michael Ward COMPANY CSX INDUSTRY Transportation HQCOUNTRY United States START YEAR 2003 FOUNDER INSIDER CHAIRMAN MBA FINANCIAL ESG RANKING RANKING 40 366 Maurice Lévy COMPANY Publicis INDUSTRY Consumer services HQCOUNTRY France START YEAR 1987 FOUNDER INSIDER CHAIRMAN MBA FINANCIAL ESG RANKING RANKING 36 433 Huateng “Pony” Ma COMPANY Tencent INDUSTRY Information technology HQCOUNTRY Hong Kong START YEAR 1998 FOUNDER INSIDER CHAIRMAN MBA FINANCIAL ESG RANKING RANKING 2 630 Blake Nordstrom COMPANY Nordstrom INDUSTRY Retail HQCOUNTRY United States START YEAR 2000 FOUNDER INSIDER CHAIRMAN MBA FINANCIAL ESG RANKING RANKING 61 328 Marc Benioff COMPANY Salesforce.com INDUSTRY Information technology HQCOUNTRY United States START YEAR 2001 FOUNDER INSIDER CHAIRMAN MBA FINANCIAL ESG RANKING RANKING 13 593 Debra Cafaro COMPANY Ventas INDUSTRY Financial services HQCOUNTRY United States START YEAR 1999 FOUNDER INSIDER CHAIRMAN MBA FINANCIAL ESG RANKING RANKING 31 522 Lars Renström COMPANY Alfa Laval INDUSTRY Industrials HQCOUNTRY Sweden START YEAR 2004 FOUNDER INSIDER CHAIRMAN MBA FINANCIAL ESG RANKING RANKING 140 87 Mark Bristow COMPANY Randgold Resources INDUSTRY Materials HQCOUNTRY United Kingdom START YEAR 1995 FOUNDER INSIDER CHAIRMAN MBA FINANCIAL ESG RANKING RANKING 146 67 TSR RANK CEO COMPANY OVERALL RANK START YEAR TSROVER TENURE 1 LESLIEWEXNER L BRANDS 11 1963 549,253% 2 WARRENBUFFETT BERKSHIRE HATHAWAY 101 1970 318,407 3 RODNEYSACKS MONSTER BEVERAGE 131 1990 89,645 4 MARTINSORRELL WPP 5 1986 65,565 5 TAI-MING“TERRY”GOU HON HAI PRECISION INDUSTRY 33 1974 25,914 6 JEFFREYBEZOS AMAZON 87 1996 21,438 7 GREGORYGOODMAN GOODMAN 113 1995 21,204 8 NEALPATTERSON CERNER 79 1980 20,213 9 HUATENG“PONY”MA TENCENT 45 1998 20,166 10 W.GALENWESTON GEORGE WESTON 89 1978 19,296 Who Had the Best Unadjusted Financial Performance? 54 Harvard Business Review November 2015 THE BIG IDEA THE BEST-PERFORMING CEOS IN THE WORLD 1315 Nov15 BIG CEO 100 List.indd 541315 Nov15 BIG CEO 100 List.indd 54 9/25/15 12:05 PM9/25/15 12:05 PM
- 4. 33 34 35 36 37 42 43 4440 41 50 51 52 Tai-Ming “Terry” Gou COMPANY Hon Hai Precision Industry INDUSTRY Information technology HQCOUNTRY Taiwan START YEAR 1974 FOUNDER INSIDER CHAIRMAN MBA FINANCIAL ESG RANKING RANKING 8 499 Eric Wiseman COMPANY VF INDUSTRY Consumer goods HQCOUNTRY United States START YEAR 2008 FOUNDER INSIDER CHAIRMAN MBA FINANCIAL ESG RANKING RANKING 69 268 Tadashi Yanai COMPANY Fast Retailing INDUSTRY Retail HQCOUNTRY Japan START YEAR 1984 FOUNDER INSIDER CHAIRMAN MBA FINANCIAL ESG RANKING RANKING 9 509 James Taiclet Jr. COMPANY American Tower INDUSTRY Financial services HQCOUNTRY United States START YEAR 2003 FOUNDER INSIDER CHAIRMAN MBA FINANCIAL ESG RANKING RANKING 28 435 Douglas Berthiaume* COMPANY Waters INDUSTRY Health care HQCOUNTRY United States START YEAR 1994 FOUNDER INSIDER CHAIRMAN MBA FINANCIAL ESG RANKING RANKING 64 313 Carlos Ghosn COMPANY Renault INDUSTRY Automobile HQCOUNTRY France START YEAR 2009 FOUNDER INSIDER CHAIRMAN MBA FINANCIAL ESG RANKING RANKING 119 104 Herbert Hainer COMPANY Adidas INDUSTRY Consumer goods HQCOUNTRY Germany START YEAR 2001 FOUNDER INSIDER CHAIRMAN MBA FINANCIAL ESG RANKING RANKING 127 86 John Martin COMPANY Gilead Sciences INDUSTRY Health care HQCOUNTRY United States START YEAR 1996 FOUNDER INSIDER CHAIRMAN MBA FINANCIAL ESG RANKING RANKING 3 600 John Mackey COMPANY Whole Foods INDUSTRY Retail HQCOUNTRY United States START YEAR 1980 FOUNDER INSIDER CHAIRMAN MBA FINANCIAL ESG RANKING RANKING 44 447 Bernard Arnault** COMPANY Christian Dior INDUSTRY Consumer goods HQCOUNTRY France START YEAR 1985 FOUNDER INSIDER CHAIRMAN MBA FINANCIAL ESG RANKING RANKING 12 576 Íñigo Meirás COMPANY Ferrovial INDUSTRY Industrials HQCOUNTRY Spain START YEAR 2009 FOUNDER INSIDER CHAIRMAN MBA FINANCIAL ESG RANKING RANKING 158 35 Renato Alves Vale COMPANY CCR INDUSTRY Transportation HQCOUNTRY Brazil START YEAR 1999 FOUNDER INSIDER CHAIRMAN MBA FINANCIAL ESG RANKING RANKING 65 407 The 100 CEOs represent 23 nationalities and companies located in 19 countries Johan Molin COMPANY Assa Abloy INDUSTRY Industrials HQCOUNTRY Sweden START YEAR 2005 FOUNDER INSIDER CHAIRMAN MBA FINANCIAL ESG RANKING RANKING 96 292 *STEPPED DOWN SEPTEMBER 2015 **ALSO CEO OF LVMH, IN WHICH DIOR HOLDS A MAJOR STAKE HBR.ORG November 2015 Harvard Business Review 55 1315 Nov15 BIG CEO 100 List.indd 551315 Nov15 BIG CEO 100 List.indd 55 9/25/15 12:05 PM9/25/15 12:05 PM
- 5. 54 55 56 5753 66 6763 64 65 7473 75 head a firm based outside their native country Glenn Chamandy COMPANY Gildan Activewear INDUSTRY Consumer goods HQCOUNTRY Canada START YEAR 2004 FOUNDER INSIDER CHAIRMAN MBA FINANCIAL ESG RANKING RANKING 155 158 Flemming Ornskov COMPANY Shire INDUSTRY Health care HQCOUNTRY United Kingdom START YEAR 2013 FOUNDER INSIDER CHAIRMAN MBA FINANCIAL ESG RANKING RANKING 114 330 Frederick Smith COMPANY FedEx INDUSTRY Transportation HQCOUNTRY United States START YEAR 1971 FOUNDER INSIDER CHAIRMAN MBA FINANCIAL ESG RANKING RANKING 35 662 15% Christopher Connor COMPANY Sherwin-Williams INDUSTRY Materials HQCOUNTRY United States START YEAR 1999 FOUNDER INSIDER CHAIRMAN MBA FINANCIAL ESG RANKING RANKING 19 610 Jean-Paul Agon COMPANY L’Oréal INDUSTRY Consumer goods HQCOUNTRY France START YEAR 2006 FOUNDER INSIDER CHAIRMAN MBA FINANCIAL ESG RANKING RANKING 165 29 Terry Lundgren COMPANY Macy’s INDUSTRY Retail HQCOUNTRY United States START YEAR 2003 FOUNDER INSIDER CHAIRMAN MBA FINANCIAL ESG RANKING RANKING 74 402 Lamberto Andreotti* COMPANY Bristol-Myers Squibb INDUSTRY Health care HQCOUNTRY United States START YEAR 2010 FOUNDER INSIDER CHAIRMAN MBA FINANCIAL ESG RANKING RANKING 133 168 Fabrizio Freda COMPANY Estée Lauder INDUSTRY Consumer goods HQCOUNTRY United States START YEAR 2009 FOUNDER INSIDER CHAIRMAN MBA FINANCIAL ESG RANKING RANKING 80 360 John Hammergren COMPANY McKesson INDUSTRY Health care HQCOUNTRY United States START YEAR 1999 FOUNDER INSIDER CHAIRMAN MBA FINANCIAL ESG RANKING RANKING 41 574 George Paz COMPANY Express Scripts INDUSTRY Health care HQCOUNTRY United States START YEAR 2005 FOUNDER INSIDER CHAIRMAN MBA FINANCIAL ESG RANKING RANKING 25 642 Richard Cousins COMPANY Compass INDUSTRY Consumer goods HQCOUNTRY United Kingdom START YEAR 2006 FOUNDER INSIDER CHAIRMAN MBA FINANCIAL ESG RANKING RANKING 60 507 Hugh Grant COMPANY Monsanto INDUSTRY Materials HQCOUNTRY United States START YEAR 2003 FOUNDER INSIDER CHAIRMAN MBA FINANCIAL ESG RANKING RANKING 14 693 Michel Landel COMPANY Sodexo INDUSTRY Consumer goods HQCOUNTRY France START YEAR 2005 FOUNDER INSIDER CHAIRMAN MBA FINANCIAL ESG RANKING RANKING 169 73 *STEPPED DOWN AUGUST 2015 56 Harvard Business Review November 2015 THE BIG IDEA THE BEST-PERFORMING CEOS IN THE WORLD 1315 Nov15 BIG CEO 100 List.indd 561315 Nov15 BIG CEO 100 List.indd 56 9/25/15 12:05 PM9/25/15 12:05 PM
- 6. 76 77 78 68 69 7170 72 58 6059 61 62 were promoted to CEO from within their companies 86%Ajaypal Banga COMPANY MasterCard INDUSTRY Information technology HQCOUNTRY United States START YEAR 2010 FOUNDER INSIDER CHAIRMAN MBA FINANCIAL ESG RANKING RANKING 54 589 Wing Kin “Alfred” Chan COMPANY Hong Kong and China Gas INDUSTRY Utilities HQCOUNTRY Hong Kong START YEAR 1997 FOUNDER INSIDER CHAIRMAN MBA FINANCIAL ESG RANKING RANKING 108 374 Masayoshi Son COMPANY SoftBank INDUSTRY Telecommunication HQCOUNTRY Japan START YEAR 1981 FOUNDER INSIDER CHAIRMAN MBA FINANCIAL ESG RANKING RANKING 14 762 Peter Botten COMPANY Oil Search INDUSTRY Energy HQCOUNTRY Australia START YEAR 1994 FOUNDER INSIDER CHAIRMAN MBA FINANCIAL ESG RANKING RANKING 154 159 Tidjane Thiam** COMPANY Prudential INDUSTRY Financial services HQCOUNTRY United Kingdom START YEAR 2009 FOUNDER INSIDER CHAIRMAN MBA FINANCIAL ESG RANKING RANKING 100 352 Daniel Amos COMPANY Aflac INDUSTRY Financial services HQCOUNTRY United States START YEAR 1990 FOUNDER INSIDER CHAIRMAN MBA FINANCIAL ESG RANKING RANKING 22 668 Richard Fairbank COMPANY Capital One INDUSTRY Financial services HQCOUNTRY United States START YEAR 1994 FOUNDER INSIDER CHAIRMAN MBA FINANCIAL ESG RANKING RANKING 17 692 Jef Colruyt COMPANY Colruyt INDUSTRY Retail HQCOUNTRY Belgium START YEAR 1994 FOUNDER INSIDER CHAIRMAN MBA FINANCIAL ESG RANKING RANKING 97 384 Robert Iger COMPANY Walt Disney INDUSTRY Consumer services HQCOUNTRY United States START YEAR 2005 FOUNDER INSIDER CHAIRMAN MBA FINANCIAL ESG RANKING RANKING 41 563 Gilles Schnepp COMPANY Legrand INDUSTRY Industrials HQCOUNTRY France START YEAR 2004 FOUNDER INSIDER CHAIRMAN MBA FINANCIAL ESG RANKING RANKING 166 45 David Thodey* COMPANY Telstra INDUSTRY Telecommunication HQCOUNTRY Australia START YEAR 2009 FOUNDER INSIDER CHAIRMAN MBA FINANCIAL ESG RANKING RANKING 116 263 Paolo Rocca COMPANY Tenaris INDUSTRY Energy HQCOUNTRY Argentina START YEAR 2002 FOUNDER INSIDER CHAIRMAN MBA FINANCIAL ESG RANKING RANKING 56 504 Olivier Piou COMPANY Gemalto INDUSTRY Information technology HQCOUNTRY Netherlands START YEAR 2004 FOUNDER INSIDER CHAIRMAN MBA FINANCIAL ESG RANKING RANKING 156 79 *STEPPED DOWN MAY 2015 **STEPPED DOWN JUNE 2015 HBR.ORG November 2015 Harvard Business Review 57 1315 Nov15 BIG CEO 100 List.indd 571315 Nov15 BIG CEO 100 List.indd 57 9/25/15 12:06 PM9/25/15 12:06 PM
- 7. 90 9189 79 8180 82 8887 83 *TIE 95 96 97 W. Galen Weston COMPANY George Weston INDUSTRY Retail HQCOUNTRY Canada START YEAR 1978 FOUNDER INSIDER CHAIRMAN MBA FINANCIAL ESG RANKING RANKING 102 430 Mark Bertolini COMPANY Aetna INDUSTRY Health care HQCOUNTRY United States START YEAR 2010 FOUNDER INSIDER CHAIRMAN MBA FINANCIAL ESG RANKING RANKING 110 401 Larry Merlo COMPANY CVS Health INDUSTRY Retail HQCOUNTRY United States START YEAR 2011 FOUNDER INSIDER CHAIRMAN MBA FINANCIAL ESG RANKING RANKING 80 533 Charles Bunch* COMPANY PPG Industries INDUSTRY Materials HQCOUNTRY United States START YEAR 2005 FOUNDER INSIDER CHAIRMAN MBA FINANCIAL ESG RANKING RANKING 131 340 Philip Pascall COMPANY First Quantum INDUSTRY Materials HQCOUNTRY Canada START YEAR 1996 FOUNDER INSIDER CHAIRMAN MBA FINANCIAL ESG RANKING RANKING 86 534 Richard Anderson COMPANY Delta Air Lines INDUSTRY Transportation HQCOUNTRY United States START YEAR 2007 FOUNDER INSIDER CHAIRMAN MBA FINANCIAL ESG RANKING RANKING 120 398 Neal Patterson COMPANY Cerner INDUSTRY Health care HQCOUNTRY United States START YEAR 1980 FOUNDER INSIDER CHAIRMAN MBA FINANCIAL ESG RANKING RANKING 32 691 Shigenobu Nagamori COMPANY Nidec INDUSTRY Industrials HQCOUNTRY Japan START YEAR 1973 FOUNDER INSIDER CHAIRMAN MBA FINANCIAL ESG RANKING RANKING 26 718 Carol Meyrowitz COMPANY TJX INDUSTRY Retail HQCOUNTRY United States START YEAR 2007 FOUNDER INSIDER CHAIRMAN MBA FINANCIAL ESG RANKING RANKING 59 588 Wes Bush COMPANY Northrop Grumman INDUSTRY Industrials HQCOUNTRY United States START YEAR 2010 FOUNDER INSIDER CHAIRMAN MBA FINANCIAL ESG RANKING RANKING 145 244 On average, they became CEO at age 45 and have been in office 16 years Michael Dobson COMPANY Schroders INDUSTRY Financial services HQCOUNTRY United Kingdom START YEAR 2001 FOUNDER INSIDER CHAIRMAN MBA FINANCIAL ESG RANKING RANKING 103 423 Jeffrey Bezos COMPANY Amazon INDUSTRY Retail HQCOUNTRY United States START YEAR 1996 FOUNDER INSIDER CHAIRMAN MBA FINANCIAL ESG RANKING RANKING 1 828 André Desmarais COMPANY Power Corporation of Canada INDUSTRY Financial services HQCOUNTRY Canada START YEAR 1996 FOUNDER INSIDER CHAIRMAN MBA FINANCIAL ESG RANKING RANKING 93 445 *STEPPED DOWN SEPTEMBER 2015 58 Harvard Business Review November 2015 THE BIG IDEA THE BEST-PERFORMING CEOS IN THE WORLD 1315 Nov15 BIG CEO 100 List.indd 581315 Nov15 BIG CEO 100 List.indd 58 9/25/15 12:06 PM9/25/15 12:06 PM
- 8. 9392 94 83 85 86 *TIE 98 99 100 Steve Ells COMPANY Chipotle Mexican Grill INDUSTRY Consumer goods HQCOUNTRY United States START YEAR 1993 FOUNDER INSIDER CHAIRMAN MBA FINANCIAL ESG RANKING RANKING 51 652 Thomas Ebeling COMPANY ProSiebenSat.1 INDUSTRY Consumer services HQCOUNTRY Germany START YEAR 2009 FOUNDER INSIDER CHAIRMAN MBA FINANCIAL ESG RANKING RANKING 48 665 Ulf Schneider COMPANY Fresenius INDUSTRY Health care HQCOUNTRY Germany START YEAR 2003 FOUNDER INSIDER CHAIRMAN MBA FINANCIAL ESG RANKING RANKING 24 764 Warren Buffett is routinely lauded for producing astronomical returns during his 45 years as the CEO of Berkshire Hathaway. So why doesn’t he appear in our ranking? In fact, Buffett barely missed the cutoff—coming in at #101, one spot short. Had the list been based solely on total shareholder return, Buffett would have placed almost at the top. But two factors in HBR’s methodology pushed his ranking down. The first is the way we calculate financial performance for CEOs who’ve been in the job for more than 20 years. We incorporate three financial metrics; one is industry-adjusted returns, which we use to avoid unduly rewarding CEOs who happened to be in hot industries during their tenure. Industry- adjusted returns are unavailable prior to 1995, so we compute the financial returns of CEOs who took office earlier as if they began on January 1, 1995. (Until this year, CEOs who began before then were ineligible for the list.) Counting Berkshire’s returns only since 1995 ignores the value that Buffett created during his first 25 years at the company—but despite that, he still had the 23rd best overall financial performance of the 907 CEOs we assessed. The second factor is Berkshire’s environmental, social, and governance (ESG) performance. On this metric, Buffett ranked #798 out of the 907 CEOs we looked at. Sustainalytics, the research firm that produces the ESG scores, says that low rank is partly due to Berkshire’s poor disclosure on its governance and social policies. Another consideration was how Berkshire incorporates ESG issues into its selection of investments. Relative to peer holding companies, Berkshire’s initiatives for addressing sustainability within its investees are weak, Sustainalytics found. Although the ESG ranking counts for only 20% of a CEO’s overall ranking, Buffett’s very low placement in it was enough to pull him out of the top 100. 101 Warren Buffett COMPANY Berkshire Hathaway INDUSTRY Financial services HQCOUNTRY United States START YEAR 1970 FOUNDER INSIDER CHAIRMAN MBA FINANCIAL ESGRANKING RANKING 23 798 Paul Desmarais Jr. COMPANY Power Corporation of Canada INDUSTRY Financial services HQCOUNTRY Canada START YEAR 1996 FOUNDER INSIDER CHAIRMAN MBA FINANCIAL ESG RANKING RANKING 93 445 Leonard Schleifer COMPANY Regeneron Pharmaceuticals INDUSTRY Health care HQCOUNTRY United States START YEAR 1988 FOUNDER INSIDER CHAIRMAN MBA FINANCIAL ESG RANKING RANKING 8 794 Dieter Zetsche COMPANY Daimler INDUSTRY Automobile HQCOUNTRY Germany START YEAR 2006 FOUNDER INSIDER CHAIRMAN MBA FINANCIAL ESG RANKING RANKING 181 105 Douglas Baker Jr. COMPANY Ecolab INDUSTRY Materials HQCOUNTRY United States START YEAR 2004 FOUNDER INSIDER CHAIRMAN MBA FINANCIAL ESG RANKING RANKING 132 350 Wolfgang Eder COMPANY Voestalpine INDUSTRY Materials HQCOUNTRY Austria START YEAR 2004 FOUNDER INSIDER CHAIRMAN MBA FINANCIAL ESG RANKING RANKING 144 306 Vittorio Colao COMPANY Vodafone INDUSTRY Telecommunication HQCOUNTRY United Kingdom START YEAR 2008 FOUNDER INSIDER CHAIRMAN MBA FINANCIAL ESG RANKING RANKING 208 51 HBR.ORG November 2015 Harvard Business Review 59 Where’s Warren? 1315 Nov15 BIG CEO 100 List.indd 591315 Nov15 BIG CEO 100 List.indd 59 9/25/15 12:06 PM9/25/15 12:06 PM