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‘The Best-Performing CEOs in the World, 2019’ list compiled by the Harvard Business Review (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 Shantanu Narayen, followed by MasterCard CEO Ajay Banga, ranked 7th and Microsoft chief Satya 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.
HBR took into account three metrics for each CEO’s tenure - total shareholder return (inc: 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.
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