Steve Jobs
Reliance Industries chairman Mukesh Ambani has been ranked the fifth best performing CEO in the world by the prestigious Harvard Business Review (HBR) with Apple’s Steve Jobs occupying the top spot.
Mukesh Ambani is the lone Indian to feature in this list among the top 50 CEOs of the world.
Ahead of Ambani, the other top CEOs are, Job, Yun Jong-Yong of Samsung Electronics, Russian energy firm Gazprom's Alexey Miller and John Chambers of Cisco Systems.
The likes of Jack Welch, Warren Buffett, Larry Ellison and Bill Gates have not found a place in the list as HBR considered only CEOs who assumed the job between January 1995 and December 2007 period.
Ambani is also ranked number two among the top 10 emerging market CEOs with Miller at the top. K.V. Kamath of the ICICI Bank is the other Indian in the list, who is at number 9.
The HBR report said it ranked CEOs of large publicly traded companies in a study conducted over 2,000 CEOs worldwide. The entire group represented 48 nationalities and companies based in 33 countries. "On an average, the top 50 CEOs increased the wealth of their shareholders by $48.2 billion," it said. "They delivered a total shareholder return of 997 percent during their time in office. That translates into a spectacular annual return of 32 percent," it added.
The HBR put Ambani in the list of "up-through-the-ranks leaders" along with the Samsung boss Yun Jong-Yong.
"Among the up-through-the-ranks leaders on our list are Yun Jong-Yong, who joined Samsung straight out of college and worked there 30 years before becoming CEO, and Mukesh Ambani, who joined RIL in 1981, when it was still a textile company run by his father.
Ranking Steve Jobs as the top CEO in the world, HBR said, "These CEOs may not all be household names, but here's an objective look at who delivered the top results over the long term."
It also said that Jobs delivered a whopping 3,188 percent industry-adjusted return, which is about 34 percent compounded annually after he rejoined Apple as CEO in 1997. From thenuntil the end of September 2009, Apple's market value increased by $150 billion. Yun Jong-Yong was second, who ran South Korea's Samsung Electronics from 1996 to 2008
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