MutualFundWire.com: Where Do Fund CEOs Stand Among Wealth Creators?

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Monday, December 27, 2010

Where Do Fund CEOs Stand Among Wealth Creators?

Federated Investors CEO Chris Donahue is the third biggest wealth creator, according to the 2010 Chief Executive - Applied Finance Group S&P 500 CEO Wealth Creation Rankings.

This is the third annual rankings published by Chief Executive magazine. Last year, Donahue was ranked No. 2 on the list.

The list provided a ranking of 338 CEOs. T. Rowe Price's James Kennedy is No. 12, Greg Johnson of Franklin Resources is No. 44 and Marty Flanagan of Invesco is No. 271.

The ranking is based on the performance of companies and CEOs in the S&P 500 index for the three years through June 30, 2010.

"Creating value is, after all, why CEOs do what they do," write Drew Morris and Michael Burdi. The wealth creation index "leans heavily on the concept of economic margin (EM)... While there is no single metric that is perfect, EM comes close, in that it isn't dependent on share price in assessing management's impact on value creation."

Click here to view the complete list.