Over the past decade the global economy has been fundamentally transformed by the increasing pace of globalization and technology, leaving many former high-flyers in the dust. It has also created unprecedented opportunities for those visionary Executives with the chutzpah to navigate their firms through treacherous seas to reach new pinnacles of success. It is with this in mind that we would like to be the first to recognize the tremendous achievements of Alcatel-Lucent CEO, Patricia Russo.
Since becoming the CEO of predecessor telecom giant Lucent in January, 2002, the company's stock gained an unheard of minus 50%, until the dwindling company was
bought merged with French competitor Alcatel in December, 2006.
After the merger Russo continued as CEO of the combined company with the same vigor and zeal she had exhibited during her time at Lucent. Over the course of the past 2+ years, the company’s stock has handsomly rewarded shareholders, clobbering the broader equity indicies with an equally impressive, minus 45% return.
Some market participants may take issue with Russo as our selection. They argue, "Hey! dozens of other CEOs have destroyed FAR more shareholder value in FAR less time! What gives?!?!" To those critics, we say, "true". However, none of the other Executives evaluated by our crack research team were able to retain their post for as long as Russo, who, despite the seemingly insurmountable evidence against her, has held onto the top post with an iron grip.
To the left, Alcatel-Lucent's performance over the past 3 years, you'll see in the run-up to the merger the stock gained, however, upon consumation (and Russo's appointment as CEO), the stock has dwindled from its highs of > $16.
For her stunning resolve, and apparent excellence in her "extracurricular" pursuits, we had no choice but to chose Russo for this prestigious Award.
For our loyal readers, we will also be awarding 2nd, and 3rd place trophies for the runners-up, so make sure to submit your candidate in the comments below!