Harvard Business Review

APRIL 30, 2013

Indeed, our study shows that the biggest variations in TSR are not between industries but within them. But the TSR variations of companies within these industries were far greater: 44 percentage points in tobacco and 69 percentage points in computers and peripherals. For them, industry was not destiny.

TSR 8

TSR Industry Company Airlines 8

Harvard Business Review

OCTOBER 13, 2011

If CEOs are going to operate for stakeholder value — rather than just for shareholder value — then their pay ought to be structured in a way that supports them doing so. For long-term incentive plans, the dominant measure is total shareholder return (TSR). bonus plans, according to our research. The objective?

TSR 10

TSR CEO Incentives Long-term 10

Harvard Business Review

DECEMBER 25, 2014

The leading executive recruitment firm Egon Zender, as part of talent evaluation at the time of Dow Chemical’s merger with Rohm and Haas in the Spring of 2009, described us as the “best CEO university” they had ever seen. Ronaldo Schmitz), one Asian (myself) and one Canadian (Dr. John McArthur).

Team 12

Team Diversity CFO TSR 12