Companies differ markedly in their ability to produce future leaders, as several recent analyses of the 1,187 largest publicly traded U.S. companies revealed. Among the CEOs in one study, a remarkable total of 26 once worked at General Electric (GE).
However, as the following table shows, on a per-employee basis, that ability earns GE only tenth place in terms of the likelihood of a current or former employee becoming CEO of a large company. Top on the list is management consulting firm McKinsey & Company. Amazingly, if we extrapolate into the future from the current stock of McKinsey alums who are CEOs, of every
1,060 McKinsey employees, one will become CEO of a Fortune 1000 company.
|Company||Size (employees)||CEOs produced||Odds|
|McKinsey & Co.||17,000||16||1.061:1|
|Proctor & Gamble (P&G)||127,000||12||10,580:1|
|General Electric (GE)||287,000||26||11,040:1|
|Ernst & Young||144,000||12||12,000:1|
Some companies did not fare nearly as well, such as Citigroup (odds: 30,180:1), AT&T (odds: 23,220:1) and Johnson & Johnson (odds: 15,275:1). While some might dismiss the results, not surprisingly, the companies at the top of the list do not. “We are a leadership engine and a talent machine,” said retiring Procter & Gamble CEO A. G. Lafley.