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Subir Raha #13 on HBR's '100 Best Performing CEOs in the World'
24/12/2012 | Harvard Business Review

HBR's 2013 CEO Scorecard lists global CEOs who delivered solid results over the long run.

Respected international publication Harvard Business Review has ranked the late Subir Raha, former C&MD of the ONGC Group of companies - ONGC, OVL and MRPL, #13 on its 2013 list of 'The Best-Performing CEOs in the World'.

The Jan-Feb 2013 issue puts him in stellar company like Apple's Steve Jobs (1), Amazon's Jeff Bezos (2) and Samsung's Yun Jon-Yung (3). Raha is one of only 17 'Outsiders' to make it to the top 100 for his performance as C&MD of Oil & Natural Gas Corporation (ONGC), ONGC Videsh (OVL), and Mangalore Refineries & Petrochemicals (MRPL) from 2001 - 2006.

Raha is second the the list of 'Top 5 CEOs' in India, and also makes the Top Ten CEOs to have passed the 'Legacy Litmus Test'.

The rankings are based on a study conducted by Morten T. Hansen, Herminia Ibarra and Urs Peyer, and comprises the following Executive Summary:

For years, people have bemoaned executives' zealous focus on short-term results, which often leads CEOs to make moves that undermine their firms' long-term prospects and, some say, act irresponsibly. But all the talk won't change anything if the business world doesn't adopt a new way of measuring performance.

Three professors from France's Insead believe they have the answer: an innovative scorecard that evaluates CEOs on the basis of the results they delivered over their entire tenures in office. It incorporates three metrics: industry-adjusted shareholder returns, country-adjusted shareholder returns, and increase in market capitalization over that time frame.

Using this scorecard, the authors have studied and objectively ranked the performance of thousands of CEOs of major corporations around the world. In this issue, we reveal who made it into the top 100.

This is the second installment of the ranking, which we published for the first time three years ago. Since then, the authors have expanded the group of CEOs studied, making it even more global. And, recognizing the growing sentiment that great financial performance is no longer enough, they also looked at social and environmental ratings to see which of the top CEOs also did well on those metrics.

Source: Harvard Business Review
20 pages. Publication date: Jan 01, 2013. Prod. #: R1301F-HCB-ENG
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