Never miss a great news story!
Get instant notifications from Economic Times
AllowNot now


You can switch off notifications anytime using browser settings.
11,903.70-33.8
Stock Analysis, IPO, Mutual Funds, Bonds & More

Three Indian-origin CEOs in Harvard Business Review's top 10 best-performing CEOs

The "Best-Performing CEOs in the World, 2019" list, compiled by the Harvard Business Review features 100 CEOs, has been topped this time by American technology company NVIDIA's CEO Jensen Huang.

PTI|
Updated: Oct 29, 2019, 03.16 PM IST
0Comments
BCCL
bccl
On the 6th spot is Adobe CEO Shantanu Narayen.
NEW YORK: Three Indian-origin CEOs, Shantanu Narayen, Ajay Banga and Satya Nadella are among the world's top 10 best-performing chief executives, featured in a list complied by the Harvard Business Review (HBR).

'The Best-Performing CEOs in the World, 2019' list by the HBR features 100 CEOs and has been topped by American technology company NVIDIA's CEO Jensen Huang.

Among the top 10 chief executives on the list, three spots have been occupied by the Indian-origin CEOs.

On the 6th spot is Adobe CEO Narayen, followed by MasterCard CEO Banga, ranked 7th and Microsoft chief Nadella on the 9th spot. The list also features India-born CEO of DBS Bank Piyush Gupta on the 89th spot. Apple CEO Tim Cook is ranked 62nd.

The list also includes Nike CEO Mark Parker ranked 20, JPMorgan Chase chief Jamie Dimon (23), Lockheed Martin CEO Marillyn Hewson (37), Disney CEO Robert Iger (55) and SoftBank head Masayoshi Son (96).

The HBR said since 2015, its ranking has been based not only on financial performance but also on environmental, social, and governance (ESG) ratings.

Amazon CEO Jeff Bezos, who has been the top CEO every year since 2014 on the basis of financial performance alone, failed to make this year's list owing to Amazon's relatively low ESG scores.

To compile the list of the world's best-performing CEOs, HBR said it began with the companies that at the end of 2018 were in the S&P Global 1200, which is an index that reflects 70 per cent of the world's stock market capitalisation and includes firms in North America, Europe, Asia, Latin America, and Australia.

The HBR took into account three metrics for each CEO's tenure - the total shareholder return (including dividends reinvested) adjusted by country and by industry and change in market capitalisation (adjusted for dividends, share issues, and share repurchases), measured in inflation-adjusted USD.

The 2019 list has four female CEOs in the top half of the rankings, up from three in 2018 and just two in previous years.

"Each year when HBR publishes this list, some readers protest the paucity of women; each year we respond by saying it's the result not of the performance of female CEOs but of how few women serve in the role—a phenomenon we, too, find regrettable," the magazine said.

On average, the executives on the list became CEOs at age 45 and have been in office 15 years.

"The CEOs who appear in this year's list display remarkable longevity—and illustrate how happy boards are to allow a high-performing leader to stay in the job for many years," it said.

Also Read

Indian-origin CEO sentenced to over 4 yrs in prison for securities fraud

Revathi Advaithi, only Indian-origin CEO on Most Powerful Women in Biz list, is a BITS Pilani alum, advocates STEM education for girls

Ramon Laguarta succeeds Pepsico's Indian-origin CEO Indra Nooyi

Three Indian-origin CEOs dine with Donald Trump in Davos

Comments
Add Your Comments
Commenting feature is disabled in your country/region.
Download The Economic Times Business News App for the Latest News in Business, Sensex, Stock Market Updates & More.

Other useful Links


Follow us on


Download et app


Copyright © 2019 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service