Cisco CEO John Chambers is making his first appearance in Barron’s 30 “World’s best CEOs“, rubbing shoulders with chiefs including Costo co-founder Jim Sinegal and Ken Chenault of American Express. Chambers joins other newbies from tech companies who made the cut including, Research in Motion’s James L. Balsillie and Michael Lazaridis, HP’s Mark Hurd and IBM’s Sam Palmisano. Barron’s praised Chambers for “creating a powerhouse.”
According to Barron’s: “We now think we should have added Chambers to the list sooner; we took his management talent for granted. Cisco shares haven’t done much in the past few years — and are still down 69% from their 2000 peak — but that shouldn’t detract from Chambers’ quiet accomplishments. Cisco’s profits continue to expand at a double-digit pace, and its competitive position in the networking business is stronger than ever.”
With Chambers expected to step down in five years, the need to find a replacement who can create the same buzz is getting a lot more urgent.
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