What Does it Take to be a CEO?

WHAT DOES IT TAKE TO BE A CEC? THE MODERN CEO 3 Traits Every CEO Needs Realistic optimism Subservience to purpose Finding order in chaos 80% of CEOS are very optimistic. Top 10 People CEOS List as Role Models 1 Winston Churchill 6 Abraham Lincoln 2 Steve Jobs 7 Margaret Thatcher 3 Mahatma Gandhi 8 Ronald Reagan 4 Nelson Mandela 9 John F. Kennedy 5 Jack Welch 10 Bill Clinton/ Napoleon Bonaparte CEOS are a Different Breed of Leader There are 60 common attributes used to assess leaders. Compared to other leaders, CEOS are more likely to be: Constructively tough-minded Forward- thinking Efficient Calculated risk readers of takers people Biased toward action Pragmatically inclusive Optimistic Willing to trust others Top 3 Traits CEOS Say Are Most Critical to Leadership 3 Customer obsession Inspirational leadership Leadership teaming across the C-Suite 61% 60% 58% EDUCATION 2.4% of CEOS have no college degree. Richard Branson Michael Dell Barry Diller Steve Jobs Bill Gates David Larry Ellison Mark John Zuckerberg Karp Mackey Where did CEOS earn their undergraduate degrees? 72 Ivy League 15 NESCAC schools 70 15 Big Ten Mid-American 27 66 Foreign schools SEC 29 Patriot League 52 Pacific 12 35 ACC 39 35 Big East Big 12 Of Fortune 500 CEOS... 60 No data 165 hold an MBA 24 hold a doctorate 37 hold a 163 have no advanced degree Master's degree 51 hold a law degree WOMEN AND THE C-SUITE 4.2% In 2010, there were In 2013, there of Fortune 500 CEOS are women. are 12 21. 4.5% of Fortune 1000 CEOS are women. female Fortune 500 CEOS. 16 CEOS in Standard & Poor's 500 Index 14.3% of Fortune 500 executive officers are female. are women. 20% of privately held companies have 1+ female C-Suite executive(s). 6.5% Women comprise have a female CEO. 8.1% 1.3% of executive top earners at Fortune 50O companies. have a female founder. GETTING TO THE C-SUITE Top 5 “X Factors" in a C-Suite Promotion 1 Passionate curiosity 2 Battle-hardened confidence 3 Team smarts 4 A simple mindset 5 Fearlessness Rising From Within 4 out of 5 new CEOS rise through the company ranks. 25% of incoming CEOS work for the same company their entire careers. 5 4 The average number of years a CEO promoted from within stays on the job. The average number of years a CEO promoted from outside stays on the job. From 2009-2011, companies let go of 35% of CEOS hired from outside, compared to 19% of those promoted from within. CEO Compensation Average annual CEO pay is $12.3 million including stocks, bonuses and pensions (based on 327 of the S&P 500 companies) However, Apple CEO Tim Cook Excluding Cook's dramatic pay cut, average CEO pay increased Average CEO pay levels decreased skewed the numbers 5% because his compensation fell from 5% from 2011 to 2012. $378 million in 2011 to $4.2 million in 2012. in 2012. Mashable Sources: Harvard Business Review, Russell Reynolds Associates, IBM, Crist/Kolder Associates, Catalyst, New York Times, Booz & Co., AFL-CIO INFOGRAPHICS HARVARD BUSINES S SCHOOL