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SINGAPORE: Professors at INSEAD business school have ranked the world's 200 best CEOs, placing Apple's Steve Jobs in first place.
Three professors at the school studied some 2,000 CEOs from public-listed firms worldwide to measure their performance based on factors such as shareholder returns and changes in market value.
Half of the top 10 were CEOs from technology-related firms: Apple, Samsung, Cisco Systems, eBay and Google.
Mr Charles Goodyear, former CEO-designate of Singapore investment firm Temasek Holdings, made the list at number 35 for his four-year tenure at BHP Billiton.
The study found that on average, the top 50 performing CEOs delivered a total shareholder return of close to a thousand per cent in the duration of their term.
Top performing CEO, Steve Jobs of Apple, for example, has delivered an average of 30 per cent shareholder return annually.
The professors said the results of the study also show that high-performance is fairly spread out across countries and industries.
They added that the results show how important it is to use objective, long-term measures to assess CEOs and to inform succession planning.
For example, the study found that those who ascend to the role of CEO through the ranks tend to perform better than outsiders who are recruited.
The researchers also found that inheriting a strong performing company from a stellar predecessor does not provide a better platform for success.
Instead, they identified a 'runway effect' - taking over from a mediocre or even struggling company presented a better opportunity for stellar performance.
They also found that CEOs with an MBA degree ranked, on average, 40 places better than the CEOs without an MBA.
- 938 LIVE/yb
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