Data plays a growing role in decision-making, with CEOs looking for hard information that can help them allocate investments, understand customers and shape strategy. Now, a new research-based tool, the CEO1000 Tracker, applies the data-driven approach to another subject—CEOs themselves.
The CEO1000 tracker is a collaborative effort of Chief Executive Group and RHR International, a premier firm in the development of top management leadership of Global 1000 companies. In essence, the tracker brings together information about CEOs at the largest public and private companies—their education, work history, salary, etc. It also includes data about their companies, such as revenue, share price and profit history. Using this data, the tracker will provide “actionable information and connect to meaningful outcomes, metrics and issues that CEOs care about—insights that can be applied in the organization and the management team, for everything from development to succession planning,” said Dr. Paul Winum, senior partner, practice leader, Board and CEO Services, at RHR International.
The tracker is designed to fill some significant gaps. “There is a lot of misinformation out there about the CEOs who run the largest organizations,” said Wayne Cooper, executive chairman of Chief Executive Group. “For example, when discussing CEO compensation, most media sources quote ‘average CEO compensation’ figures based only on 350 of the largest companies that report early.” Or coverage often cites trends in limited CEO segments such as those from the S&P 500, and thus exclude private firms and firms from certain industries. “We felt there was value in tracking the 1,000 largest companies, regardless of whether they were public or private or what industries they are in, to get insights into who is leading these organizations, how CEOs from various backgrounds perform versus their peers and other important trends,” he said.
The data will be analyzed on an ongoing basis to uncover links between executive qualities and performance. For example, which schools have CEOs at higher-performing companies attended? How does performance compare when CEOs come from inside the company versus outside? How does company performance correlate to CEO tenure? And so on.
The data also will provide a starting point for more in-depth discussions from RHR International and Chief Executive. “RHR was an ideal partner for this,” said Cooper. “They have deep expertise in CEO succession planning and executive coaching, great research capabilities and a very sophisticated, nuanced perspective to assess the backgrounds, personality traits and skill sets likely to lead to success in various situations. These capabilities are very valuable for analyzing the data and drawing out the lessons and insights that CEOs, boards and other executives can learn from.” For its part, Chief Executive draws on its long experience as an executive information source, and its relationships with more than 120,000 CEOs.
With its combination of hard data and experience-based insight, the tracker is designed to provide practical perspectives for CEOs. “This kind of information can help CEOs as they hire people, nurture leaders and plan succession,” said Dr. Winum. “And it can help CEOs understand the kind of top executives that make a difference as leaders of the enterprise.”
Read more articles about the top 1,000 CEOs here.
Chief Executive Group exists to improve the performance of U.S. CEOs, senior executives and public-company directors, helping you grow your companies, build your communities and strengthen society. Learn more at chiefexecutivegroup.com.
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1:00 - 5:00 pm
Over 70% of Executives Surveyed Agree: Many Strategic Planning Efforts Lack Systematic Approach Tips for Enhancing Your Strategic Planning Process
Executives expressed frustration with their current strategic planning process. Issues include:
Steve Rutan and Denise Harrison have put together an afternoon workshop that will provide the tools you need to address these concerns. They have worked with hundreds of executives to develop a systematic approach that will enable your team to make better decisions during strategic planning. Steve and Denise will walk you through exercises for prioritizing your lists and steps that will reset and reinvigorate your process. This will be a hands-on workshop that will enable you to think about your business as you use the tools that are being presented. If you are ready for a Strategic Planning tune-up, select this workshop in your registration form. The additional fee of $695 will be added to your total.
2:00 - 5:00 pm
Female leaders face the same issues all leaders do, but they often face additional challenges too. In this peer session, we will facilitate a discussion of best practices and how to overcome common barriers to help women leaders be more effective within and outside their organizations.
Limited space available.
10:30 - 5:00 pm
General’s Retreat at Hermitage Golf Course
Sponsored by UBS
General’s Retreat, built in 1986 with architect Gary Roger Baird, has been voted the “Best Golf Course in Nashville” and is a “must play” when visiting the Nashville, Tennessee area. With the beautiful setting along the Cumberland River, golfers of all capabilities will thoroughly enjoy the golf, scenery and hospitality.
The golf outing fee includes transportation to and from the hotel, greens/cart fees, use of practice facilities, and boxed lunch. The bus will leave the hotel at 10:30 am for a noon shotgun start and return to the hotel after the cocktail reception following the completion of the round.
