Debra Cafaro CEO of Ventas was just one of two ladies noted on the entire list. Credit: Harvard Service Review
6 CEOs of North American realty companies were included in the most recent Harvard Service Review yearly list of the 100 best-performing CEOs.
The list, which appears in HBR’s November-December issue, varies from other magnate rankings because it determines performance for the whole length of a president’s period rather than a specifc period of time.
“We believe it is very important to recognize leaders who are providing strong monetary performance and developing sustainable businesses over the long term – not simply quarter to quarter,” said Adi Ignatius, HBR editorial director.
To compile the list, HBR took a look at CEOs of the S&P Global 1200 as of April 30, 2017, and determined overall investor return and increase in market capitalization over their whole tenure.
The realty CEOs recognized by the HBR are:
No. 43: Hamid Moghadam, Prologis
# 50: Debra Cafaro, Ventas
# 51: David Simon, Simon Home Group
# 73: Bruce Flatt, Brookfield Asset Management
# 79: James Taiclet Jr., American Tower
# 92: Stephen Smith, Equinix
The top-rated CEO was Pablo Isla, head of Spanish merchant Inditex, best known for its flagship fashion brand Zara. Isla has led Inditex on a global expansion given that becoming CEO in 2005, increasing its market value sevenfold and making it Spain’s a lot of important company. Today the business’s eight brands have 7,300 shops in 93 nations.
Amazon CEO Jeff Bezos, who is ranked # 71, still leads all other CEOs based on purely financial metrics.
On average, the world’s 100 finest CEOs have created a 2,507% total return on their stock (changed for exchange-rate effects), for a 21% annual return.