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Mingzhu Dong, Alumna of EMBA, among the World’s Top 100 CEOs
Source:MBA Education Center Date:2012/12/28 Click:5 Author:Pi Jun

Three chief executive officers from the Chinese mainland are among the world’s top 100 corporate leaders rated according to their long-term performance. But the number is too small in stark contrast to the country’s economic influence in the world, which means that those mainland CEOs are less competitive in world ranking.

The list is compiled according to a company’s shareholder return and market capitalization growth during the CEO’s term. Steve Jobs, the late CEO of Apple, topped the list, followed by Jeff Bezos of Amazon.com and Yun Jong-yong, former chief executive of Samsung Electronics Of the best-performing CEO list, Jiaxiang Li, former CEO of Beijing-based Air China, is ranked 17th-the highest position of all Chinese candidates. Dongming Wang, CEO of Beijing-based CITIC Securities is ranked 83rd and Mingzhu Dong of Zhuhai-based Gree Electric Appliances is rated 98th.

“I have a lot of respect for Dong Mingzhu. There is no other home electric appliance company as focused as Gree, which spends so much time mainly on air conditioners, while other major home electric appliance companies broadly expand their product lines,” said Liu Shengjun, executive deputy director of CEIBS Lujiazui Institute of International Finance.. “It is very hard for a company to resist temptation for other opportunities and be focused, but focus brings success.”

According to Liu, Chinas home electric appliance producers have little bargaining power against dominant retailers Suning and Gome, but Dong was not willing to accept dozens of yuan profit for making a television. Instead, she stood up and created Grees retail chain.

"I am actually a little surprised by the first two names. To my understanding, the list should choose CEOs from fully open and competitive industries, but both aviation and securities in China are still dominated by the State sector," said Yin Xingmin, professor of Fudan University.
"In that sense, Dong Mingzhu should be the highest ranking CEO from the Chinese mainland in the list as the industry that Gree Electric is in is full of fierce competition," Yin said.