"A new study by proprietary trading firm Tradeify has revealed that Ford's Jim Farley created the most significant positive impact on stock price among major CEOs, with shares rising 77% above market performance following his appointment. The analysis examined stock performance six months before and after CEO appointments, adjusted against S&P 500 performance during the same period."
"Jim Farley, who took over as Ford's CEO on October 1, 2020, saw the company's average stock price jump from $6.41 to $10.22 in the six months after his appointment. This 59.6% increase came during a period when the S&P 500 fell by 18%, resulting in a market-adjusted performance of 77%. Jane Fraser of Citigroup secured the second position with a remarkable performance after her March 2021 appointment."
Stock performance was examined six months before and after CEO appointments and adjusted against S&P 500 performance during the same period. Jim Farley's appointment at Ford on October 1, 2020 corresponded with a 59.6% stock increase from $6.41 to $10.22 and a 77% market-adjusted outperformance as the S&P 500 fell 18%. Jane Fraser at Citigroup recorded a 29.5% stock rise from $55.57 to $71.98 and a 46% market-adjusted gain while the S&P 500 dropped 16%. Brian Niccol at Starbucks rose 21.8% (31% market-adjusted). Calvin McDonald at Lululemon delivered a 30.8% stock rise and a 31% market-adjusted increase. Satya Nadella and Sundar Pichai posted 23% and 20% market-adjusted gains respectively.
Read at London Business News | Londonlovesbusiness.com
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