Thursday 23 November 2017

O'Leary is only Irish citizen on Barron's list of top CEOs

Michael O'Leary: Ryanair chief is one of the world's most respected
Michael O'Leary: Ryanair chief is one of the world's most respected
Thomas Molloy

Thomas Molloy

RYANAIR'S Michael O'Leary may have suffered the wrath of an angry Mr Justice Peter Kelly last week, but he remains one of the world's 30 most respected chief executives according to a new survey by US business newspaper Barron's.

The Ryanair CEO is the only Irish citizen on Barron's annual list, due to be published today.

The list is limited to top executives who have been in the job at least three years and have made shrewd acquisitions or taken advantage of the economic recession to expand at the expense of rivals.

Others on the list include Alan Mulally of Ford, Larry Ellison of Oracle, Peter Sands of Standard Chartered and Wang Chuanfu of BYD, the Chinese carmaker backed by investor Warren Buffett.

Royal Bank of Canada's Gordon Nixon was also singled out for helping to keep the country's biggest lender strong.

The list was compiled on the basis of how well the shares of a company performed and after asking investors, analysts and executives to name those chiefs who have made a difference within their companies and with shareholders.

Barron's did not identify its sources and said the rankings were not based on any statistical formula. Others on the list include Jeff Bezos of Amazon and Terry Leahy of Tesco.

The 'Sunday Independent' meanwhile named Pallonji Mistry as Ireland's richest man, calculating that the 18.4pc shareholder in the Tata conglomerate is worth €4.4bn. Mr Mistry became an Irish citizen in 2003 through his Irish wife.

Texas-based billionaire John P Grayken of Lone Star Funds is second in the wealth stakes, with a personal fortune of €3.9bn.

Brown Thomas owner and former model Hilary Weston's fortune was valued at €3.67bn, making her the third richest.

Telecoms entrepreneur Denis O'Brien stands at €2.55bn; John Dorrance, one of the heirs to the Heinz empire, is worth an estimated €1.6bn; and investor Dermot Desmond's fortune is valued at €1.45bn.

Irish Independent

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