‘Mirror Mirror on the wall…Who is the best CEO of them all?”
And instead of the reflection in the mirror, the Harvard Business Review answered “Steve Jobs”!
Steve Jobs was ousted from Apple in 1985 but the same company brought him back as their CEO a decade later. Apple was in a very bad shape when he took over but under his able leadership, Apple soon bounced back and the rest is history. In fact, sources say that Jobs’s return to Apple delivered a whopping 3188 percent industry – adjusted return!! And Apple’s market value has increased by $150 billion. No wonder he is named as the best CEO
The ranking compared 1999 CEO’s in the world who assumed office between 1995 – 2007. Microsoft founder Bill Gates, Jack Welsh & Warren Buffet were thus excluded from this ranking. The performance of the CEO’s were tracked until the end of their tenure or September 2009, whichever was later.
Yin Jong-Yong of Samsung was ranked 2nd in the list. John Chambers of CISCO(4), Jeff Bazos of Amazon(7), Margaret Whitman of EBay(8) and Eric Schmidt of Google(9) were the others who found their way into the ranking. Our very own Mukesh Ambani was ranked 5th in the list and is the only Indian in the top 50 CEO’s