Matthew Gates http://notetoservices.com 5m 1,270 #fortune100
The views of this article are the perspective of the author and may not be reflective of Confessions of the Professions.
There are hundreds of thousands of people starting businesses every year. Many of those businesses end up succeeding and the person who started them is now making a good salary income, usually enough to pay a few workers and live comfortably each year. They may not make enough to be considered millionaires, but they make a comfortable living. There are also many businesses that fail every year, some which never even lasted a month, and others which, unfortunately, didn’t last the year.
Failed businesses have many variables that could have taken place such as the founder lost interest, lost passion, ran out of money, or just had more competition than anticipated. There are still plenty of other founders who push through and find success in their efforts.
Owners of a successful business may be satisfied and comfortable in making just enough to live off of each year, able to pay their bills, mortgage, and afford a few others. There are still others who find a great niche and are able to drive their business to make millions and even billions a year.
What makes for a successful owner of a business? What is needed to be a successful business owner? Is it college? Was it their course of study? Is a college education even necessary? Men like Bill Gates (Microsoft), Paul Allen (Microsoft), Steve Jobs (Apple), Larry Ellison (Oracle), Ted Turner (TBS and CNN), Mark Zuckerberg (Facebook), Gabe Newell (Valve Corporation), Ralph Lauren (Ralph Lauren), Michael Dell (DELL), Simon Cowell (American Idol), Walt Disney (Disney), Richard Branson (Virgin Atlantic Airways) all dropped out of college or had very little education. Some of the following women either dropped out of college or had no education such as Rachel Ray (Rachel Ray), Debbi Fields (Mrs. Fields Cookies), Mary Kay Ash (Mary Kay Cosmetics), Jenny Craig (Jenny Craig), and Coco Chanel (Coco Chanel).
Did successful owners have a vision? Do they have a lot of money right from the start? Do they know someone in the business and play the right cards? Do they inherit their fortune or the company? Do they sleep with anyone to get ahead in their career? Probably not. They may just be in the right place at the right time, pushing the right buttons, having the right common sense, and knowing what to do in order to establish their successful companies.
Age is also just a number in the game of business. Many successful business owners became successful anywhere between the ages of 40 and 65, with several self-made million and billionaires being younger than 30 and older than 80. Race, Gender, and Ethnicity may also play a role, as certain groups may have advantages over others, though there are still plenty of successful business owners who came from impoverished homes and worked hard to get where they are today.
Success might be in the DNA or genetic code of a person. Luck may play a role. Success may just be in the determination and passion a person has. Success may be about who you know or what you know. Success might be a niche or success may lie in a certain place or a certain time. Whether successful or not, failure too, must play its role in every person’s life, and while no one goes through life completely successful, there will always be failures along the way. Perhaps it is this failure which drives us towards success.
This infographic covers in detail the demographics, education, and career paths of 100 Fortune 100 CEOs.
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FORTUNE 100 CEOS // DEMOGRAPHICS EDUCATIONS & CAREER PATH
WHO THEY ARE //
- Michael T. Duke // Walmart
- Rex W. Tilerson // Exxon Mobile
- John S. Watson // Chevron
- Greg C. Garland // Phillips 66
- Warren Buffett // Berkshire Hathaway
- Tim Cook // Apple
- Daniel Akerson // General Motors
- Jeffrey Immelt // General Eletric
- William Klesse // Valero Energy
- Alan R. Mulally // Ford Motor Company
- Randall L. Stephenson // AT&T
- Timothy J. Mayopoulos // Fannie Mae
- Larry J. Merlo // CVS Caremark
- John Hammergren // McKesson
- Meg Whitman // HP
- Lowell McAdam // Verizon Communications
- Stephen J. Hemsley // UnitedHealth Group
- Jamie Dimon // JPMorgan Chase
- George Barrett // Cardinal Health
- Ginni Rometty // IBM
- Brian T. Moynihan // Bank of America
- W. Craig Jelinek // Costco Wholesale
- David Dillon // Kroger
- George Paz // Express Scripts
- John Stumpf // Wells Fargo
- Michael Corbat // Citigroup
- Patricia A. Woertz // Archers Daniels Midland
- Robert A. McDonald // P&G
- John R. Stangfeld Jr. // Prudential Financial
- Jim McNerney // The Boeing Company
- Donald H. Layton // Freddie Mac
- Steven H. Collis // AmerisourceBergen
- Gary R. Heminger // Marathon Petroleum
- Frank Blake // Home Depot
- Steve Balmer // Microsoft
- Gregg Steinhafel // Target
- Gregory Wasson // Walgreens
- Robert H. Benmosche // AIG
- Sean O’ Connor // INTL FCStone
- Steven A. Kandarian // MetLife
- Alex Gorsky // Johnson & Johnson
- Doug Oberhelman // Caterpillar
- Indra Nooyi // PepsiCo
- Edward B. Rust, Jr. // State Farm
- Ryan M. Lance // ConocoPhillips
- Brian L. Roberts // Comcast
- Joseph R. Swedish // Well Point
- Ian Read // Pfizer
- Jeff Bezos // Amazon
- Louis R. Chenevert // United Technologies
- Michael Dell // Dell
- Andrew N. Liveris // Dow Chemical
- Scott Davis // UPS
- Brian Krzanich // Intel
- Larry Page // Google
- Robert Niblock // Lowe’s
- Muhtar Kent // Coca-Cola
- Kenneth Frazier // Merck
- Marillyn A. Hewson // Lockheed Martin
- John T. Chambers // Cisco
- Hubert Joly // Best Buy
- Robert Edwards // Safeway
- Frederick Wallace Smith // FedEx
- Michael Creel // Enterprise Products Partners
- William J. DeLaney III // Sysco
- Bob Iger // Disney Company
- Stephen A. Roell // Johnson Controls
- Lloyd C. Blankfein // Goldman Sachs
- Carl Casale // CHS
- Miles D. White // Abbott Laboratories
- Edward Lampert // Sears Holding
- Ellen J. Kullman // DuPont
- Bruce Broussard // Humana
- Michael J. Kasbar // World Fuel Services
- John B. Hess // Hess
- Alain Monie // Ingram Micro
- Greg L. Armstrong // Plains All American Pipeline
- David M. Cote // Honeywell International
- Jeffery A. Smisek // United Continental Holdings
- Larry Ellison // Oracle
- David H. Long // Liberty Mutual
- Richard M. Bracken // HCA Holdings
- Richard H. Anderson // Delta Airlines
- Mark Bertolini // Aetna
- Samuel R. Allen // Deere
- Sam K. Duncan // Supervalu
- Daniel Hesse // Sprint Nextel
- Irene Rosenfeld // Mondeléz International
- Theodore A. Mathas // New York Life Insurance
- Kenneth I. Chenault // American Express
- Rupert Murdoch // News Corp.
- Thomas J. Wilson // Allstate
- Donnie Smith // Tyson Foods
- Roger W. Crandall // MA Mutual Life Insurance
- Gregory J. Goff // Tesoro
- James P. Gorman // Morgan Stanley
- Roger W. Ferguson, Jr. // TIAA-CREF
- Phebe N. Novakovic // General Dynamics
- André Calantzopoulos // Phillip Morris International
- Stephen S. Rasmussen // Nationwide
Demographics //
White / 94%
Indian / 1%
Turkish / 1%
Black / 4%
Gender //
Men / 92%
Women / 8%
Age //
Mean: 57
Median: 57
Mode: 57
Compensation //
RANK BY FORTUNE MAGAZINE
Mean: 18.4 million
Median: 11.1 million
Standard Deviation: 40.2 million
Undergraduate Institutions //
TOP SCHOOLS//
Harvard
Cornell
Princeton
Yale
Brown / 2%
Cornell / 3%
Harvard / 5%
Notre Dame / 2%
Penn St. / 2%
Princeton / 3%
Purdue / 2%
San Diego St. / 2%
Stanford / 2%
Texas A&M / 2%
Tufts / 2%
U of Kansas / 2%
U of Michigan / 2%
U. of N. Carolina / 2%
West Point / 2%
Yale / 3%
Other / 60%
Undergraduate Degrees //
Of the 100 Fortune 100 CEOs, there are 100 Bachelor’s Degrees
B.S. / 64%
B.A / 36%
TOP DEGREES//
Engineering
Business Administration
Accounting
Engineering / 14%
Chemistry / 2%
Chemical Engineering / 2%
Accounting / 9%
Mathematics / 2%
History / 2%
Economics / 8%
Business Administration / 11%
Other / 50%
Graduate Institutions //
Of the 100 Fortune 100 CEos, there are a total of 41 different institutions which were attended.
TOP SCHOOLS//
Harvard
Cornell
Wharton
Columbia / 5%
Cornell / 6%
Duke / 3%
Harvard / 19%
Kellogg / 3%
Sloan / 5%
New York U / 3%
S. Methodist / 4%
Stanford / 3%
U of Utah / 3%
Wharton / 6%
Other / 40%
Graduate Degrees //
Of the 100 Fortune 100 CEOs, there are a total of 65 graduate degrees, including PH.Ds and J.D.s
TOP DEGREES//
MBA
J.D.
Economics
J.D. / 20%
Economics / 6%
MBA / 57%
Other / 17%
Former Track //
Data taken from the position held immediately prior to serving as CEO. Many individuals served in a multitude of capacities during their careers.
Finance//28
Operations//20
Legal//8
Engineering/7
Founder//6
Division CEO//6
CEO (Other Org)//5
Other//5
President (Other Org)//4
Marketing//3
Division President/SVP//3
Consulting//3
Accounting//2
Military Service //
Of the Fortune 100 CEOS there are:
3 Soldiers
2 Sailors
1 Marine
RESEARCH AND DESIGN BY: N2GROWTH
Matthew Gates is a freelance web designer and currently runs Confessions of the Professions.
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