Photographs: Carlo Allegri/Reuters
For years, people have bemoaned executives' zealous focus on short-term results, which often leads CEOs to make moves that undermine their firms' long-term prospects and, some say, act irresponsibly. But all the talk won't change anything if the business world doesn't adopt a new way of measuring performance.
Three professors from France's Insead believe they have the answer: an innovative scorecard that evaluates CEOs on the basis of the results they delivered over their entire tenures in office. It incorporates three metrics: industry-adjusted shareholder returns, country-adjusted shareholder returns, and increase in market capitalisation over that time frame.
Using this scorecard, the authors have studied and objectively ranked the performance of of CEOs of major corporations around the world.
Here we take a look at 20 best-performing CEOs, including two Indians, in the world.
Source: Harvard Business Review
NOTE: The list does not include CEOs who had assumed their role before 1995 or after August 31, 2010, and includes only those whose tenure lasted more than two years.
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Two Indians among world's best-performing CEOs
Photographs: Kimberly White/Reuters
Steve Jobs
Company: Apple
Country: The United States
Tenure: 1997-2011
Industry: Information Technology
Global rank: 1
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Two Indians among world's best-performing CEOs
Photographs: Lucas Jackson/Reuters
Jeff Bezos
Company: Amazon.com
Country: The United States
Tenure: 1996-present
Industry: Online retail
Global rank: 2
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Two Indians among world's best-performing CEOs
Photographs: Jo Yong hak/Reuters
Yun Jong-yong
Company: Samsung Electronics
Country: South Korea
Tenure: 1996-2008
Industry: Information Technology
Global rank: 3
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Two Indians among world's best-performing CEOs
Photographs: Chip East/Reuters
Roger Agnelli
Company: Vale
Country: Brazil
Tenure: 2001-2011
Industry: Materials
Global rank: 4
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Two Indians among world's best-performing CEOs
Photographs: Brendan McDermid/Reuters
John C Martin
Company: Gilead Sciences
Country: The United States
Tenure: 1996-present
Industry: Health care
Global rank: 5
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Two Indians among world's best-performing CEOs
Photographs: Kim Hong-Ji/Reuters
Chung Mong-koo
Company: Hyundai Motor Company
Country: South Korea
Tenure: 1999-present
Industry: Automobile
Global rank: 6
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Two Indians among world's best-performing CEOs
Photographs: Jayanta Shaw/Reuters
YC Deveshwar
Company: ITC
Country: India
Tenure: 1996-present
Industry: Consumer Goods
Global rank: 7
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Two Indians among world's best-performing CEOs
Photographs: Fred Prouser/Reuters
David Simon
Company: Simon Property Group
Country: The United States
Tenure: 1995-present
Industry: Financial Services
Global rank: 8
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Two Indians among world's best-performing CEOs
Photographs: Mario Anzuoni/Reuters
Meg Whitman
Company: eBay
Country: The United States
Tenure: 1998-2008
Industry: Information Technology
Global rank: 9
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Two Indians among world's best-performing CEOs
Photographs: Lucas Jackson/Reuters
John Chambers
Company: Cisco Systems
Country: The United States
Tenure: 1995-present
Industry: Information Technology
Global rank: 10
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Two Indians among world's best-performing CEOs
Photographs: Paulo Whitaker/Reuters
Mauricio Novis Botelho
Company: Embraer
Country: Brazil
Tenure: 1995-2007
Industry: Industrials
Global rank: 11
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Two Indians among world's best-performing CEOs
Photographs: David Stobbe/Reuters
William Doyle
Company: PotashCorp
Country: Brazil
Tenure: 1999-present
Industry: Materials
Global rank: 12
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Two Indians among world's best-performing CEOs
Photographs: Punit Paranjpe/Reuters
Subir Raha
Company: ONGC
Country: India
Tenure: 2001-2006
Industry: Energy
Global rank: 13
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Two Indians among world's best-performing CEOs
Photographs: Tatyana Makeyeva/Reuters
Mikhail Prokhorov
Company: Norilsk Nickel
Country: Russia
Tenure: 2001-2007
Industry: Materials
Global rank: 14
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Two Indians among world's best-performing CEOs
Photographs: Source: itesm.edu
Jose Antonio Fernandez Carbajal
Company: Femsa
Country: Mexico
Tenure: 1995-2008
Industry: Consumer Goods
Global rank: 15
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Two Indians among world's best-performing CEOs
Photographs: Source: Wikipedia
Graham Mckay
Company: SABMiller
Country: The United Kingdom
Tenure: 1997-present
Industry: Consumer Goods
Global rank: 16
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Two Indians among world's best-performing CEOs
Photographs: Bobby Yip/Reuters
Li Jiaxiang
Company: Air China
Country: China
Tenure: 2004-2008
Industry: Transportation
Global rank: 17
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Two Indians among world's best-performing CEOs
Photographs: Source: anthrocivitas.net
Daniel Hajj Aboumrad
Company: America Movil
Country: Mexico
Tenure: 2000-present
Industry: Telecommunication
Global rank: 18
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Two Indians among world's best-performing CEOs
Photographs: Source: lngworldnews.com
Mark G Papa
Company: EOG Resources
Country: The United States
Tenure: 1998-present
Industry: Energy
Global rank: 19
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Two Indians among world's best-performing CEOs
Photographs: Source: business.dk
Lars Rebien Sorensen
Company: Novo Nordisk
Country: Denmark
Tenure: 2000-present
Industry: Health care
Global rank: 20
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