Retail CEOs named top wealth creators
Executives at Coach, Sherwin-Williams, Ross and TJX Companies were among the top wealth creators identified by Chief Executive magazine’s 5th annual Wealth Creation Index.
Lew Frankfort, CEO at Coach topped the list with Sherwin-Williams CEO Christopher Connor and AutoZone CEO William Rhodes, ranked 14th and 16th, respectively. Other top wealth creators included 27th ranked Ross Stores CEO Michael Balmuth and TJX CEO Carol Meyerowitz. Bed Bath & Beyond CEO Steven Temares was ranked 59th and Amazon.com CEO Jess Bezos was 75th.
The rankings are intended to show which CEOs have created the most value for shareholders during the three year period from July 2009 through June 2012. The rankings were limited to CEO’s at S&P 500 companies who had been in their jobs for at least three years. The rankings, created in collaboration with Great Numbers! and the Applied Finance Group, looked at four key measurements; operating cash flow in excess of its risk-adjusted cost of capital, prospects for continuing to make money, wise use of capital and market value of the company’s assets.
"CEOs are hired to create wealth for their shareholders as well as value for their customers and employees," said J.P. Donlon, Chief Executive editor-in-chief. "Chief Executive created the Wealth Creators Index to measure just how well or how poorly some CEOs are performing their jobs."
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