全球表现最佳的CEO

The best-performing CEOs in the world

HARVARD BUSINESS REVIEW · 2014
被引 54
人大 AFT50ABS 3

中文导读

哈佛商业评论基于长期数据,用股东回报和市值增长等硬指标评选全球最佳CEO,发现短期表现不佳但长期押注未来的领导者更可能成功。

Abstract

The knock on most CEOs is that their focus is too myopic-that they’re fixated on achieving short-term goals to increase their pay. If you studied results produced over the long term, which leaders would truly show strong performance? HBR’s ranking of the two best CEOs provides an answer. To compile our list, we examined how active CEOs of global public companies performed over their entire tenures. We took a scientific, objective approach, basing our evaluation on hard data, rather than on reputation or anecdote. For each executive, we looked at three metrics: the total industry-adjusted shareholder returns produced, the total country-adjusted shareholder returns, and the total increase in market capitalization. The CEOs who made the 2014 list have undeniably been effective. On average, the top 50 have delivered total shareholder returns of 1,350% during their time on the job. That translates into an annual return of 26.2%. Adjusting for industry effects, average total shareholder returns for the top 50 are 1,161%, and for country effects, 1,087%. But the results turned in by the #1 CEO on our list, Jeff Bezos, were especially impressive. Under his leadership, Amazon produced country-adjusted returns of 15,189% and industry-adjusted returns of 14,917% and grew its market capitalization by $140 billion. We also collected biographical and compensation data on the CEOs to see if we could identify what they had in common and whether there was any correlation between performance and pay. While the top 100 have each had unique journeys to success, there do seem to be two preferred pathways: Over a quarter of the CEOs have MBAs, and nearly as many studied engineering. But in some ways, Bezos’s place at the top says it all: The best CEO in the long haul turned out to be one who frequently underperformed in the short term-while continuing to make big bets on the future. INSETS: How We Calculated the Rankings;Why Engineers Make Great Leaders;How They Stack Up on Pay;Money Isn't Everything

公司治理高管薪酬股东回报企业绩效