NEW YORK, Jan. 8 /PRNewswire/ -- Jamie Dimon, CEO of JPMorgan, Oracle Chief Executive Larry Ellison, and the Obama campaign's Chief Strategist David Axelrod are among the list of BusinessWeek's "Best Managers of 2008." The twelve managers recognized by BusinessWeek as the best managers of 2008 have not only ridden out the crisis so far but also gleaned valuable, often profitable, lessons from it. Also named to the list are Costco CEO Jim Sinegal, Hewlett-Packard's Mark Hurd, and Irene Rosenfeld, CEO of Kraft Foods.
In addition to singling out 12 executives who did a remarkable job of navigating stormy waters, BusinessWeek also identified the 12 worst managers of the year. Not unexpectedly, these managers either helped to set the economic crisis in motion or managed to make a bad situation worse: James Cayne, former Chief Executive of Bear Stearns, was reportedly off playing golf and bridge during the worst days of the crisis; in one year, Sam Zell, CEO of Tribune, went from promising to save the newspaper business to orchestrating the largest print media bankruptcy ever; and former UBS Chairman Marcel Ospel helped make the Swiss bank one of the biggest subprime casualties.
"The Best and Worst Managers of 2008" is featured in BusinessWeek's "Managing Through a Crisis" special report, which also takes a look at how BusinessWeek's previous picks for best and worst managers panned out, including Gerald Levin, Dennis Kozlowski, and Hank Greenberg. The special report is featured in BusinessWeek's January 19, 2009 issue, on newsstands January 9th, and online at http://www.businessweek.com/magazine.
The Best Managers of 2008... David Axelrod, Chief Strategist, Obama campaign Frank Blake, CEO, Home Depot Jamie Dimon, CEO, JPMorgan Larry Ellison, CEO, Oracle Takeo Fukui, CEO, Honda Mark Hurd, CEO, Hewlett-Packard Satoru Iwata, CEO, Nintendo Peter Loscher, CEO, Siemens Irene Rosenfeld, CEO, Kraft Foods Jim Sinegal, CEO, Costco John Stumpf, CEO, Wells Fargo Jeroen Van Der Veer, CEO, Royal Dutch Shell ...and the Worst Daniel Bouton, Chairman, Societe Generale James Cayne, former CEO, Bear Stearns Richard Fuld, former CEO, Lehman Brothers Fred Goodwin, former CEO, Royal Bank of Scotland Kerry Killinger, former CEO, Washington Mutual Marcel Ospel, former chairman, UBS Philip Schoonover, former CEO, Circuit City Martin Sullivan, former CEO, AIG Richard Wagoner, CEO, General Motors Jerry Yang, CEO, Yahoo! Mike Zafirovski, CEO, Nortel Sam Zell, CEO, Tribune
