Who are the Longest Serving Active CEOs in the S&P 500?
Connect with us

Datastream

Who are the Longest Serving Active CEOs in the S&P 500?

Published

on

Longest serving CEOs

Can I share this graphic?
Yes. Visualizations are free to share and post in their original form across the web—even for publishers. Please link back to this page and attribute Visual Capitalist.
When do I need a license?
Licenses are required for some commercial uses, translations, or layout modifications. You can even whitelabel our visualizations. Explore your options.
Interested in this piece?
Click here to license this visualization.

The Briefing

  • The longest serving CEOs highlighted have remained in their position for an average of 33 years
  • The best performing CEOs in 2019 held their jobs for 2x the average duration of S&P 500 CEOs

Who are the Longest Serving Active CEOs in the S&P 500?

Have you ever wondered which chief executive officer has remained at their position the longest? As an investor, you might be interested to know that studies have linked CEO duration with superior stock returns.

One study in particular from the University of Sydney looked at some 19,000 CEOs across the NYSE and NASDAQ from 1992-2016 and concluded:

“A one year increase in CEO tenure, on average, increases future stock returns by 0.029 percentage points, and suggests that longer CEO tenure has robust positive predictive power on cross-sectional stock returns.”

The data in this piece highlights several of the most tenured CEOs in the S&P 500. Warren Buffett is the longest serving leader of the bunch, having maintained his position for over half a century.

CEODurationCompany
Warren Buffet51 years (since1970)Berkshire Hathaway
Alan B. Miller42 years (since 1979)Universal Health Services
Stephen Schwarzman36 years (since 1985)Blackstone Group
James Herbert35 years (since 1986)First Republic Bank
Richard Fain32 years (since 1988)Royal Caribbean Cruises
Leonard Schleifer32 years (since 1988)Regeneron
Jensen Huang28 years (since 1993)Nvidia
Richard Fairbank27 years (since 1994)Capital One
Jamie Dimon16 years (since 2005)JP Morgan

Depending on your investment style, who the CEO is can be an important consideration. Fundamental-oriented investors frequently size up a management team as a key step in evaluating the future prospects of a company.

The Top CEOs

A few of the longest serving CEOs are some of the top rated in the world as well. This table below shows where Warren Buffett, Jamie Dimon, and Jensen Huang appear and rank, in various business magazines and reports:

CEOMust Influential CEOs
CEO World Magazine
Top 100 CEOs
Glassdoor
Top 50 CEOs
CEO Today Magazine
Jamie Dimon (JP Morgan)#6N/A#17
Warren Buffett (Berkshire Hathaway)#20N/A#10
Jensen Huang (Nvidia)#60#31#19

Jensen Huang, in particular, has gained a ton of popularity due to Nvidia’s impressive growth and performance. Their $816 billion market cap means Huang oversees the largest company of this group. In fact, a 23% further increase in their share price would launch Nvidia into the elite trillion dollar club, a fairly small gain when contrasted to their 1,250% share price increase during the last five years.

CEO Duration and Performance

The data on CEO performance is often contingent on how long they last in the role. An HBR report took a look at the performance of 747 S&P 500 CEOs and has some surprising insights. For example, the best performance period for CEOs tends to come in the 2nd decade in years 11-15, otherwise known as “The Golden Years” stage.

Unfortunately, a lot of CEOs don’t make it long enough to enjoy their golden years. PWC found that CEO turnover has become increasingly more rapid relative to the past. Consider that turnover among CEOs at the world’s 2,500 largest companies soared to a record high of 17.5% just a few years ago. Furthermore, median tenures for CEOs have steadily dipped from a 10-year average in 2000, to 8 years in 2016, and closer to 5 in more recent times.

If recent trends and patterns are any indication, long-term serving CEOs like those highlighted above will become even more rare.

Where does this data come from?

Source: Statista, Money Control, PWC, HBR
Notes: CEO duration data does not include specific date or month joined

Click for Comments

Datastream

Super-Sized Bets for Football’s Big Game (2013-2022)

Expanding legalization has driven an increase in bets on football’s big game, with wagers more than doubling from 2021 to 2022. (Sponsored Content)

Published

on

Dollar value of bets for football's big game shown over the last ten years using footballs. The football is much bigger in 2022 to indicate that bets doubled from 2021 to 2022.

The Briefing

  • Sports betting became legal outside Nevada when the federal ban was lifted in 2018.
  • Legalization contributed to betting growth, with wagers on football’s big game increasing ten-fold over the last decade.

Super-Sized Bets for Football’s Big Game

With 99 million viewers in 2022, “more Americans tune in to the Super Bowl than any other television broadcast.” Its large viewership, combined with expanding legislation, has led to ballooning wagers.

In this graphic sponsored by Roundhill Investments, we show how these bets have grown over the last 10 years.

Annual Legal Bets on the Big Game

From 2013 through 2018, sports betting was only legal in Nevada and year-over-year growth was low. However, when the federal sports betting ban was lifted in May 2018, more states started allowing bets.

By 2022, 33 states plus Washington, DC were legally able to bet on the game. Wagers climbed quickly as a result.

YearTotal BetsAnnual Growth
2013$99M5%
2014$119M21%
2015$116M-3%
2016$133M14%
2017$138M4%
2018$159M15%
2019$191M20%
2020$280M47%
2021$486M73%
2022$1.1B119%

Data only for states that report bets on football’s big game, see graphic for full list of states included in 2022.

Impressively, legal bets surpassed the $1 billion mark in 2022. Growth was primarily driven by New York State legalizing online sports betting, with the state contributing nearly $500 million to the total.

Since the New York State Gaming Commission does not report event-specific totals, we have estimated this amount based on sports bets made the week leading up to and including the date of the big game.

Investment Exposure to an Emerging Industry

Due to legalization, bets on football’s big game have grown 10 times larger over the last decade. A further shift away from bookies and toward legal operators appears to be likely. In September 2022, 89% of Americans said it was important to bet with a legal operator this NFL season, up from 76% in February 2022.

For legal operators, this could translate into revenue opportunities. Companies that take legal bets reported more than $62 million in revenue from the big game alone in 2022, a 37% jump from the prior year.

Looking for exposure to the growing sports betting industry? Explore Roundhill’s sports betting ETF, $BETZ.

Continue Reading

Subscribe

Popular