Being Human Being
Leadership Factories
Companies differ markedly in their ability to produce future leaders, as several recent analyses or former employee becoming CEO of the 1,187 largest publicly traded U.S. companies revealed. Among the CEOs in one study, a remarkable total of 26 once worked at General Electric (GE).
However, as the following table shows, on a per employee basis, that ability earns GE only tenth place in terms of the likelihood of a current or former employee becoming CEO of a large company. Top of the line is consulting firm McKinsey & Company. Amazingly, if we extrapolate into the future from the current stock of McKinsey alums (former employees) who are CEOs, of every 1,060 McKinsey employees, one will become CEO of a Fortune 1000 company.
COMPANY EMPLOYEES CEOs PRODUCED ODDS
McKinsey 17,000 16 1,060: 1
Baxter Intl. 48,500 11 4,410:1
Motorola 60,000 7 8,570:1
Intel 82,000 8 10,310:1
Proctor & Gamble 127,000 12 10,580:1
General Electric 287,000 26 11,040:1
Ernst & Young 144,000 12 12,000:1
Some companies did not fare nearly as well, such as Citigroup (odds: 30,180:1), AT&T (odds: 23,220:1) and Johnson & Johnson (odds: 15,275:1).
While some might dismiss the results, not surprisingly, the companies at the top of the list did not. “We are a leadership engine and a talent machine,” said retiring Proctor & Gamble CEO
Companies differ markedly in their ability to produce future leaders, as several recent analyses or former employee becoming CEO of the 1,187 largest publicly traded U.S. companies revealed. Among the CEOs in one study, a remarkable total of 26 once worked at General Electric (GE).
However, as the following table shows, on a per employee basis, that ability earns GE only tenth place in terms of the likelihood of a current or former employee becoming CEO of a large company. Top of the line is consulting firm McKinsey & Company. Amazingly, if we extrapolate into the future from the current stock of McKinsey alums (former employees) who are CEOs, of every 1,060 McKinsey employees, one will become CEO of a Fortune 1000 company.
COMPANY EMPLOYEES CEOs PRODUCED ODDS
McKinsey 17,000 16 1,060: 1
Baxter Intl. 48,500 11 4,410:1
Motorola 60,000 7 8,570:1
Intel 82,000 8 10,310:1
Proctor & Gamble 127,000 12 10,580:1
General Electric 287,000 26 11,040:1
Ernst & Young 144,000 12 12,000:1
Some companies did not fare nearly as well, such as Citigroup (odds: 30,180:1), AT&T (odds: 23,220:1) and Johnson & Johnson (odds: 15,275:1).
While some might dismiss the results, not surprisingly, the companies at the top of the list did not. “We are a leadership engine and a talent machine,” said retiring Proctor & Gamble CEO