New York – Dartmouth professor Sydney Finkelstein is out with his annual list of the five worst ceos of the year, and for the first time has included a selection of the country’s five best chief executives as well.
It will probably come as no surprise to retail-watchers that ex-JCPenney ceo Ron Johnson made the worst list. Finkelstein, professor of management and an associate dean at Dartmouth’s Tuck School of Business, called Johnson’s unsuccessful attempt to replicate the Apple Stores strategy in a middle-market retail chain “nothing short of disastrous.”
Sears Holdings chairman and ceo Eddie Lampert also landed on the worst list for expending his energies on stock buy-backs rather than turning around the merchandising operation.
Amazon ceo Jeff Bezos was named the best ceo in the country for 2013. “In other hands, Amazon might seem to be a company with an identity crisis-is it UPS? A library? A warehouse? All of those things?-but under Bezos it has become one of the coolest, sexiest brands of all time,” said Finkelstein.
To see the complete list, along with Finkelstein’s video commentaries on each of the selections, click here.
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