Eight Indians in HBR’s 100 best CEOs list
Deveshwar was first among the Indian CEOs featured in this list, and cornered the seventh place overall.
Under his leadership, ITC delivered industry-adjusted shareholder returns of 1,574 per cent and saw its value increase by $45 billion.
The other Indians on the list include late Subir Raha of ONGC, at 13th place, ahead of Reliance Industries’ Mukesh Ambani who was ranked 28th. Larsen & Toubro’s AM Naik was ranked 32nd, followed by BHEL’s AK Puri (38), Bharti Airtel’s Sunil Bharti Mittal (65), Jindal Steel and Power’s Naveen Jindal (87) and Steel Authority of India’s VS Jain (89).
Meanwhile, the best-performing CEO over the past 17 years globally was Steve Jobs of Apple. From 1997 to 2011, Apple’s market value increased by $359 billion, and its shareholder return experienced average compound annual growth of 35 per cent.
“That remarkable accomplishment is likely to go unbeaten for a long time,” HBR said. Jeff Bezos of Amazon.com was at the second place.
Others in the top 10 include, Samsung Electronics’ Yun Jong-Yong (3rd), followed by Vale’s Roger Agnelli (4), Gilead Sciences’ John C Martin (5), Hyundai Motor Company’s Chung Mong-Koo (6), ITC’s Y C Deveshwar (7), Simon Property Group’s David Simon (8), eBay’s Margaret C Whitman (9) and Cisco Systems John T Chambers. The highest-ranked woman on the list is
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