Which bank CEOs deliver the best returns for shareholders?
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%|
|9||Jimmy Cayne||Bear Stearns||13||18.0%||45.3%|
|10||Daniel Bouton||Société Générale||13||17.3%||46.5%|
|14||Rijkman Groenink||ABN Amro||6||10.3%|