Which bank CEOs deliver the best returns for shareholders?

January 31, 2007

Any football supporter will tell you that the team is usually only as good as the person who runs it. The same applies to investment banking. The CEO sets the agenda for the entire firm. It is a highly pressurized role that will culminate in their removal if the team they manage fails to perform. And the performance that ultimately matters for bank CEOs is to deliver returns to shareholders.

Which bank CEOs deliver the best returns for shareholders?
CAGR of market cap for length of tenure
Rank	CEO	Bank	CEO tenure (years)	Compound annual growth	2006 growth
1	Lloyd Blankfein	Goldman Sachs	1	49.3%	49.3%
2	John Mack	Morgan Stanley	1	44.1%	44.1%
3	Dick Fuld	Lehman Brothers	12	31.5%	21.1%
4	Ossie Grubel	Credit Suisse	3	27.3%	48.0%
5	Josef Ackermann	Deutsche Bank	4	25.0%	30.2%
6	Stan O'Neal	Merrill Lynch	4	23.7%	32.2%
7	Baudouin Prot	BNP Paribas	3	23.6%	49.6%
8	Peter Wuffli	UBS	3	20.5%	36.5%
9	Jimmy Cayne	Bear Stearns	13	18.0%	45.3%
10	Daniel Bouton	Société Générale	13	17.3%	46.5%
11	Stephen Green	HSBC	1	15.6%