Beijing, Dec 23 (IANS) Only three CEOs from China made the list of the world’s top 100 corporate leaders rated according to their long-term performance in a global study.
The number was too small in contrast to China’s economic influence in the world.
Li Jiaxiang, ex-CEO of Air China, was ranked 17th, Wang Dongming, CEO of CITIC Securities ranked 83rd and Dong Mingzhu of Gree Electric Appliances rated 98th, the China Daily reported Saturday.
The best-performing CEO list was compiled by the Harvard Business Review according to a company’s shareholder return and market capitalization growth during the CEO’s term.
“China has been the growth miracle of the past decade, so you might expect CEOs there to have done very well, but we find that the opposite is true,” wrote the authors who compiled the list.
“Among the 3,143 CEOs we analyzed, the average rank of Chinese executives was 176 places lower than the average rank of US executives.
“Only three Chinese (mainland) companies’ CEOs made the top 100, though 17 percent of all the executives studied were from China,” authors Morten T. Hansen, Herminia Ibarra and Urs Peyer said in the report.
