Satya Nadella, Microsoft chief Shantanu Narayen, Adobe CEO Ajay Banga, MasterCard CEO
By Yoshita Singh :
The list has been topped by American technology company NVIDIA’s CEO Jensen Huang
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 theWorld, 2019’ list by the HBR features 100CEOs 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 Master Card CEO Banga,ranked 7th and Microsoft chief Nadella onthe 9thspot.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,JP Morgan Chasechief 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 hasbeen the top CEO every year since 2014on 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 ofthe world’s best-performing CEOs, HBR saiditbegan 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 share holder return (including dividend s reinvested) adjustedby countryand by industry and change in market capitalisation (adjusted for dividends, share issues, and share repurchases), measured in inflation adjusted USD.