- Harvard Business Review names Shantanu Narayen of Adobe, Ajay Banga of Mastercard and Satya Nadella among best C-level executives in the world
Hyderabad: It’s a pat on the back for the Hyderabad Public School (HPS) as three of its ex-students have been listed by the Harvard Business Review (HBR) among the top-10 best performing CEO’s. Of the 100 CEOs, Shantanu Narayen of Adobe, Ajay Banga of Mastercard and Satya Nadella of Microsoft have been ranked at sixth, seventh and ninth respectively.
The US Consulate General tweeted, “Wonderful news that three out of the world’s top ten performing executives listed by HarvardBiz are from Hyderabad and alumni of Hyderabad Public School, Begumpet. Congratulations to CEOs — Shantanu Narayen at Adobe, Ajay Banga at Mastercard, and Satya Nadella from Microsoft (sic).”
Satya Nadella recently when speaking about the education system in India, had said, “Certain structure of the educational system of that country that I think I definitely benefited from.”
Back to the Harvard Business Review’s list, Nvidia CEO Jensen Huang topped the 2019 edition of the list, while Amazon CEO Jeff Bezos did not make it due to a low ESG score (that is based on social and governance). However, from 2014 to 2018, Bezos made it to the top-CEO ranking based solely on financial performance.
The Harvard Business Review added that “Nvidia stock recorded a 14-fold rise during 2015-2018. The performance puts Huang, 56, in the top spot on Hyderabad Public School Alumni list of best-performing CEOs in the world this year.”
HBR list considers the objective performance measures rather than the entire tenure of a chief executive. It ranked the CEO’s not only on financial performance but also on other parameters. It considered mostly ESG (environmental, social and governance) parameters.
Harvard Business Review has been considering ESG parameters for the past four years. The ESG parameters account for 20 per cent of the final ranking of each CEO. In 2019 HBR tweaked the formula by increasing the weightage to 30 per cent.
Representation of women executives is still low, as only four female CEOs made it to the ranking. All four female executives are among the top-50. Only three women executives were in the top-100 list in 2018 and two in the 2017 list.
US Consulate tweet
Wonderful news that three out of the world’s top ten performing executives from @HarvardBiz’s list are from #Hyderabad and attended @HpsBegumpet! Congratulations to CEOs Shantanu Narayen from @Adobe, Ajay Banga from @Mastercard, and @satyanadella from @Microsoft. pic.twitter.com/X9INySGP4I
— U.S. Consulate General Hyderabad (@USAndHyderabad) October 31, 2019