In part of January 2010 issue of the Harvard Business Review gives it’s list of top-performing CEOs in the world. Steve Jobs was ranked first in their performance throughout their careers.
The #1 CEO on the list, Steve Jobs, delivered a whopping 3,188% industry-adjusted return (34% compounded annually) after he rejoined Apple as CEO in 1997, when the company was in dire shape. From that time until the end of September 2009, Apple?s market value increased by $150 billion.
The study measured 1,999 CEOs who assumed their office no earlier than 1995. They measured their worth in how great the shareholder return was for that CEOs company. CEOs like Bill Gates or Larry Ellison were not included in the list because they were CEO of their respective companies prior to 1995.
Our ranking combines three measures: country-adjusted return, industry-adjusted return, and change in market capitalization during tenure. Of course, shareholder return is not the only measure of performance, and it omits contributions companies make to a wide group of stakeholders. But it is the fundamental scorecard for CEOs of public companies. And it’s the same scorecard for everyone.
The most common qualities amongst the top performing CEOs were company insiders, had MBAs, and were named CEO when the company was struggling.
Worth noting Steve Jobs (and Apple) was awarded top honors in Adweek’s “Best of the 2000s.”
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