I won’t be celebrating by kneeling down and setting my Bloomberg on fire, but these milestones do have me thinking about the value of experience. The average S&P 500 CEO has a tenure of 7.5 years. Of note, those S&P 500 CEOs with below-average tenures had substantially inferior 1-year, 3-year and 5-year share-price performances as well. So, the argument that short-tenured CEOs aren’t getting full credit because they don’t yet have a 10-year performance track-record isn’t accurate:Experience matters: average annualized share-price return (%)Source: Bloomberg, Turner investments. Finally, the current S&P 500 CEO with the longest tenure of any active CEO?

Source: CBC News November 23, 2024 23:33 UTC