Harvard Business Review has published an article ranking the top
100 CEOs in the world. The article, "The
Best-Performing CEOs in the World," which appears in the
January-February issue of the magazine, offers the only ranking of
global CEOs' performance over their entire tenure.
Harvard Business Review, January/February 2013 (Photo: Business Wire)
The list, compiled by Morten T. Hansen, Herminia Ibarra, and Urs Peyer
all of INSEAD, is based on rigorous analysis of more than 3,000 CEOs
around the world and incorporates three metrics: industry-adjusted
shareholder returns, country-adjusted shareholder returns, and increase
in market capitalization over each CEO's tenure.
"The knock on most business leaders is that they focus on quarterly
earnings at the expense of longer-term performance," said Hansen,
Professor in Entrepreneurship at INSEAD and also at the University of
California, Berkeley. "We wanted to shine a spotlight on CEOs worldwide
who had created long-term value for their companies."
"Unlike other rankings that are based on popularity or reputation, this
list is based solely on hard data and evaluates which chief executives
delivered the most solid results over the long term," said Adi Ignatius, Harvard
Business Review Editor-in-Chief.
Among the authors' findings:
While no correlation between financial results and social responsibility
was found, numerous examples of high-performing CEOs "doing well and
doing good" emerged, including Franck Riboud of Danone and Alessandro
Carlucci of Natura, who both have confronted the key social or
environmental issue in their industry (in Danone's case, obesity and
unhealthful food consumption; in Natura's, deforestation and poverty).
Other role models from firms rated highly for social responsibility
included the CEOs of Adidas, Inditex, Hermès International, and Eaton,
who moved into the top 15% of financial performers in this year's study.
"These trendsetting CEOs not only reject the idea that financial market
demands are more important than stakeholders' needs but also demonstrate
that companies can excel at meeting both," said Ibarra, the Cora Chaired
Professor of Leadership and Learning, Professor of Organizational
Behavior, and Area Chair for the Organizational Behavior Department at
To see an interactive version of the Top 100 list and browse it by CEO
ranking, location, and demographics, visit hbr.org or download the Harvard
Business Review iPad app.
About Harvard Business Review
Harvard Business Review is the leading destination for smart
management thinking. Through its flagship magazine, 11 international
licensed editions, books from Harvard Business Review Press, and digital
content and tools published on HBR.org,
Harvard Business Review provides professionals around the world
with rigorous insights and best practices to lead themselves and their
organizations more effectively and to make a positive impact.
Photos/Multimedia Gallery Available: http://www.businesswire.com/multimedia/home/20130102005701/en/
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