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Barron's names Jobs world's 'Most Valuable' CEO

updated 11:50 pm EDT, Mon March 28, 2011

One of 30 listed as the 'best' CEOs on Earth

Although Barron's does not do a numerical ranking of their annual list of 30 best CEOs, the 2011 edition does go out of way to mention Apple head Steve Jobs as the most valuable, reflecting Jobs' ability in turning the company around from a money-losing operation in 1998 to the second-most valuable company in the United States. Others on the list include Amazon's Jeff Bezos, Oracle's Larry Ellison, and Netflix's Reed Hastings.

The business magazine profiles all 30 CEOs, noting that some -- like Jobs -- have remained on the list for years, while others -- most notably HP's Mark Hurd -- were dropped in favor of newcomers like Warren East, CEO of ARM (who have made chips for a number of Apple products over the years).

Barron's described Jobs as "a visionary who disdains market research" and added that "Apple shareholders are hoping that Jobs, who took a health-related leave of absence earlier this year, remains a guiding force at Apple for years to come," also noting that Jobs may well be the most successful technology executive of all time. Apple is now listed as having a market capitalization of over $315 billion, just behind ExxonMobil.

The list also included 80-year-old Warren Buffett of Berkshire Hathaway, Fukio Mitarai of Canon, Sam Palmisano of IBM and others who were noted for having turned their companies' fortunes around, such as David Novak of Yum! Brands (best known for the KFC chicken restaurants) for his ability to vastly expand the company's fortunes through the emerging Chinese market.

Profiles of the CEOs as well as annualized stock-price changes and five-year profit growth stats are available online as well as in the magazine's paper and digital editions, the latter of which debuted on the iPad at the end of last year.




by MacNN Staff

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