Out of numerous swings in and out of power, qualitatively these four CEOs are among the most influential industry leaders and economic leaders over the past 20 years: Rex Tillerson, John Watson, Richard D. Kinder, and Jeffrey Skilling.
Rex Tillerson has been the CEO of Exxon Mobil since January 6th 2006. He graduated from the University of Texas-Austin with a BS in Civil Engineering. His company is among the largest publicly traded in the world, often ranking at first or second. With thirty seven oil refineries in over twenty one countries, Exxon is the largest oil refiner in the world. Tillerson is the recipient of the UN 2011 Global Leadership Award and is personally responsible for corporate deals worth approximately $331 billion. His structuring strategy ensures Exxon employs an estimated 82,000 people worldwide.
John S. Watson has been the CEO and partial CFO of Chevron Corporation since September 30th 2009. He graduated with a degree in Agricultural Economics from University of California-Davis, and went ton to the University of Chicago for a Master’s in Business Administration. Chevron has been ranked in the Top 5 Companies in America by Forbes 500 for the last seven years. It is active in 180 countries worldwide and employs 62,000 workers as a multinational energy company.
Richard D. Kinder has been the CEO of Kinder Morgan since February of 2001. Between his salary, bonuses, restricted stocks, non-equity incentives, and all other compensation, he receives $1 a year. This is the reason he is a recipient of Morning Star’s CEO of the Year award and receives glowing reviews by most major business mediums. He is ranked 497th on Forbes “Executives with Financial Success” list, yet his company is worth $29.7 billion currently. His monetary assets are aligned with his morals and because of this I am describing him as one of the most important CEOs of the last 20 years. Influential doesn’t always mean wealthy.
Jeffrey Skilling is the man behind Enron. He was promoted to CEO February 12th 2001 and received $132 million in options and salary his first year. His notorious Harvard Business School interview in which he spoke of his own genius should have been a warning sign in this case. He was the energy industry wunderkind for developing a forward market on natural gas and a mark to market speculation system. His deception of stock holders and allowance of immoral decision making that resulted in tens of billions of dollars being robbed from shareholders has led him to where he is today: a federal security center in Littleton Colorado.
Information for this posting and further information can be found through the following links:
When I first saw the background information behind Richard Kinder, I immediately felt like Kinder Morgan was a company we could trust investing in. Strong management and corporate ethics starts from the top down. A CEO like Richard Kinder speaks volumes for a company. Dan, make sure you have all those statistics on hand and cited for when we edit the paper. Some of that information will be very useful. Nice work.
ReplyDeleteAdding to Thomson's comment, I really agree with what he said, those two companies have CEO's with a lot of backing. Credentials is something that is important for a CEO. After reading our draft I think this is one area that was not completely mentioned. Having a strong CEO for Chevron and Kinder Morgan can help people be confident in their investment recommendation when they know their money is in good hands.
ReplyDeleteThinking about the chapter 7 reading for this week, I think its interesting to compare the real people to the supposed qualifications of leaders and managers. All of these men are very successful but in their own way. I find it interesting that there are so many ways to run a successful company. It takes a special kind of person to accomplish the feats and obtain the responsibilities these men have.
ReplyDelete