mukesh ambani

Business Today in its issue dated 24th Jan 2010, had published the following item :
Mukesh Ambani ranked 5th best CEO in the world

Mukesh Ambani, who heads India’s most valuable company Reliance Industries the world by the prestigious Harvard Business Review.Ambani, the only Indian to feature among top 50 CEOs, is in the same league as Steve Jobs of Apple, Yun Jong-Yong of SamsLimited (RIL), has been ranked among top five best-performing CEOs in ung Electronics, Russian energy firm Gazprom’s Alexey Miller and John Chambers of Cisco Systems.He is also ranked number two among the top 10 emerging market CEOs with Miller at the top.K.V. Kamath of ICICI Bank is the other Indian in the list of Top 10 Emerging Market CEOs. He is ranked at number 9.HBR said it ranked CEOs of large public traded companies in a study conducted over 2000 CEOs worldwide. The entire group represented 48 nationalities and companies based in 33 countries.It put Ambani in the list of “up-through-the-ranks leaders” along with the Samsung boss.”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. “These CEOs may not all be household names, but here’s an objective look at who delivered the top results over the long term,” HBR said, ranking Steve Jobs as the top CEO in the world.Jobs, it said, delivered a whopping 3,188 per cent industry-adjusted return (34 per cent compounded annually) after he rejoined Apple as CEO in 1997, when the company was in dire strait.From that time until the end of September 2009, Apple’s market value increased by USD 150 billion.He was followed by Yun Jong-Yong, who ran South Korea’s Samsung Electronics from 1996 to 2008. “Yun is an example of a leader who has stayed out of the limelight. During his tenure he capably transformed Samsung from a maker of memory chips and me-too products into an innovator selling digital products such as leading-edge cell phones.”Miller was number 3 followed by Chambers.HBR said none of the top three CEOs had an MBA. Ambani and Chambers were the only two on the top five to hold degrees in business administration.”CEOs who were promoted from inside the company tended to have stronger performance than those brought in from the outside,” said HBR.Several CEOs that were “most respected” according to other reviews were nowhere in HBR’s top 50. These include Jamie Dimon of JPMorgan Chase, Satoru Iwata of Nintendo, Sam Palmisano of IBM and Rex Tillerson of Exxon Mobil.Many other celebrity CEOs also failed to make the cut.They include Carlos Ghosn of Renault-Nissan, Sergio Marchionne of Fiat, John March of Morgan Stanley, Jeffrey Immelt of General Electric, Daniel Vasella of Novartis and Robert Iger of Walt Disney.”Some of these well-known CEOs have not necessarily done poorly; they are just not among the top performers in the world according to the total shareholder return they have delivered so far,” HBR said.The likes of Jack Welch, Warren Buffett, Larry Ellison and Bill Gates do not find mention in the list as HBR considered CEOs who assumed the job no earlier than January 1995 and no later than December 2007.“On an average the top 50 CEOs increased the wealth of their shareholders by USD 48.2 billion,” it said. They delivered a total shareholder return of 997 per cent during their time in office. That translates into a spectacular annual return of 32 per cent.

On reading about Mukesh Ambani, I had sent my views through a letter to BT,as under : 
CEO Number 2 !! 
Dear Sir, 
This refers to the list of  “The Best Performing CEOs” of HBR ( Ref : FOCUS in BT dated 24th Jan 2010). It is indeed a proud moment for India as Mukesh Ambani emerges as Number 2 on this elite list.  
I believe that one of the reasons why best CEOs out perform others, is their willingness to keep an open mind and learn from situations and experiences from real life. Mukesh Ambani, I recall, has said somewhere :” I am a Mumbai boy.On its streets,I learnt to stand up for my self.On its road side stalls,I learnt to bargain. In its commercial centres,I learnt business.In its cinemas,I learnt to dream….” 
Isn’t that a primer for our next-gen CEOs in the making ?  
J S Broca
New Delhi 

In its recent issue dated 7th Feb 2010 ( released on 25th Jan),BT has published an edited version of my above letter on page 6 under “Readers’ Forum”as under :
Top CEO Mukesh Ambani 
It is a proud moment for India Inc.that one of its own has been ranked among top five best performing CEOs in the world by Harvard Business Review.One of the reasons why the best CEOs outperform others is their willingness to keep an open mind and learn from real life experience.I recall what Mukesh Ambani said about the lessons he picked while spending his formative years in Mumbai.”I am a Mumbai boy.On its streets,I learnt to stand up for myself.On its road-side stalls I learnt to bargain.In its commercial centres,I learnt business.In its cinemas,I learnt to dream,” he said.
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7 Responses
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    Respected Sir,
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