The 10 CEOs Who Were Worth Every Penny This Decade

To cut through public perception and other biased measures, a group of economists invented an algorithm for overall CEO performance.

The study ranks CEOs by averaging three measures:

1. Country-adjusted total shareholder return -- how a company performed against the local stock market.
2. Industry-adjusted total shareholder return -- how a company performed against the industry average.
3. Change in market capitalization -- how a company changed in market value.

In fact, some of the most popular CEOs of the past decade did pretty well by this measure too.

A ranking and analysis of the top 50 appears in the January issue of the Harvard Business Review.

See The 10 Best CEOs In The World>>

p.s. The study considers data about CEOs that assumed their job after January 1995, which does not include Jack Welch, Warren Buffet, Larry Ellison, and Bill Gates.

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