Tuesday, 3 November 2009

The view from the top

Ever wondered who runs the top US companies? Forbes published a list in 2008 of the top 500 Chief Executive Officers in America, ranked by their remuneration, and it makes instructive reading.

I decided to take a closer look at the top 100 amongst this elite bunch and this is what I found:
  • American corporations are not run by college graduates. On average they are 58 years of age; the most junior is 43 years old and the most senior is 80 years young.
  • They have worked at their companies for an average of 22 years and almost a third has worked for their companies for 30 years or more.
  • They have been in post for an average of 11 years.
  • They get paid an average of $40m per annum. Trust me; you don’t want to know how much Larry Ellison gets paid. Even the lowest annual remuneration of almost $18m is eye-watering.
They are, of course, running some of the largest and most successful companies in America. So what are the qualifications for a successful CEO? Well it seems that staying on at school helps: two third of these CEOs has a post-graduate qualification:
  • 45% of America’s top CEOs has an MBA, with Harvard the business school of choice
  • 5% have a PhD
  • 14% have another post-graduate qualification.

One third, of course, has no post-grad qualification at all. And some don’t have a first degree, the most famous of whom is Larry Ellison who dropped out of college to start Oracle.

Only 12% of these CEOs founded their companies, the rest have either risen through the ranks or been drafted in to run the company. 75% have been with their companies for 15 years or longer.

So it seems that if you want to run a large corporation, sticking to knitting definitely helps. As does concentrating in strategy class.


  1. Nyallpurposepaving.com offers Paving Contractor, Parking Lot Repairs, sealing, striping, Oil and Stone Driveways at Riverhead NY, Quogue NY, Hamptons NY, Southampton NY, Sag Harbor NY, Green point NY, Wading River NY, East Moriches NY, Center Moriches NY, Mannorville NY, Miller Place NY , Mt. Sinai NY,Greenport NY

  2. Landscape , Outdoor, Landscape Lighting Installation, Lawn Sprinkler Design, Repairs, Installation, Lawn Irrigation Service, Sprinkler System Backflow Testing at Long Island, Nassau County, Suffolk County, Dix Hills NY, Huntington NY, Syosset NY, Smithtown NY and Happauge NY

  3. Diskdatadestruction.net offers Mobile paper shredding, Mobile hard drive destruction at Hauppauge NY, Suffolk County NY, Long Island NY, Ronkonkoma NY, Melville NY, Huntington NY, Garden City NY, Farmingdale NY, Westbury NY, Bohemia NY, Stony Brook NY, Nassau County NY

  4. Jettonsgrading.com offers Grading, Excavation and Paving Contractor, Land Clearing Services, Septic Systems, Retaining Walls and Driveways, Drainage Systems, Construction Site Clean-Up, Demolition Contractor at Walhalla SC, Seneca SC

  5. Atopcommercialpaving.com offers Commercial Paving, Asphalt Contractor, and Parking Lot Resurfacing at Queens NY, Nassau County, Bayside NY, Jamaica NY, Middle Village NY, Ozone Park NY, Howard Beach NY, Little Neck NY

  6. Bedbugprocpc.com offers Bed Bug Exterminator, Bed Bug Inspections, Bed Bug Elimination, Bed Bug Inspection for Hotels and Residential and Commercial Bed Bug at Palo Alto CA, San Mateo CA, San Jose CA, Belmont CA, San francisco CA, Redwood City CA, Sunnyvale CA

  7. reliablecommercialpaving.com offers Parking lot paving, walk way construction, Commercial paving, asphalt, Parking Lot Repairs, Parking Lot Striping, Commercial Blacktop, Parking Lot Repairs, Commercial Paving Contractor, Commercial Asphalt Contractor at New Jersey at Hanover NJ, East Orange NJ, Newark NJ, Morristown NJ, Summit NJ , Union NJ, Hackensack NJ, Patterson NJ

  8. Davispestmanagement.com offers Pest Control, Exterminator, Bed Bug Removal, Inspections, Rodent, Pest Elimination, Commercial, Residential, Professional, Licensed Exterminator , Scorpion, Bee Hive, Hornet, Fire Ant Removal by Service Area, Las Vegas NV

  9. Complete-pest-control.com offers Pest Control, Exterminator, Rodent Control, Rodent Elimination, and Pest Elimination at Palo Alto CA, San Mateo CA, San Francisco CA, Redwood City CA, Sunnyvale CA, and Belmont CA

  10. Divorce Attorney, Female Divorce Attorneys and Long Island Divorce Attorneys, Long Island Female Divorce Attorneys

  11. Realestatebydavidschoelles.com offers David Schoelles Real Estate, Cash for Homes at Arizona, Scottsdale AZ, and Phoenix AZ