James Taiclet Jr., CEO of American Tower was recognized by Harvard Business Review as one of the “100 Best CEOS in the World” (January-February 2013 Issue of HBR). Taiclet is credited with a country adjusted 554% and industry adjusted 485% total shareholder return for American Tower. He is also credited with a positive $29 billion market capitalization change.

HBR came up with the “Top 100 CEO” list using the following abbreviated version of their scorecard:

• HBR chose 3,143 CEO’s from 1,862 companies (after a review of indexes)
• HBR pulled financial data and calculated daily company returns for the entire length of each CEO’s tenure
  • Country Adjusted Returns – Computation of the company’s total shareholder return (including dividends reinvested) for the CEO’s tenure. Then takes into account the average return for other firms from the same country over the same period and subtracted that figure from the company’s return.
  • Industry-Adjusted Returns – Deducted the average return for the industry (to exclude any increases that were the result of rising fortunes for the overall industry)
  • Market Capitalization Change – Measures the change in the company’s equity market capitalization change over the CEO’s tenure.

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