World's 30 best CEOs
SAP's CEO Henning Kagermann is the only German to make this year's list of the "world's 30 best CEOs" published by the renowned US stock market weekly Barron's. Among others, Apple's CEO Steve Jobs, media mogul Rupert Murdoch (News Corp.), Indian steel giant Lakshmi Mittal (Arcelor Mittal), A.G. Lafley of commodities giant Procter & Gamble, Jeffrey Immelt of General Electric, Warren Buffet (the second richest man in the world) of Berkshire Hathaway, Satoru Iwata (Nintendo) of Japan, and Frenchman Franck Riboud (Groupe Danone) also made the list, which does not rank its members any further. Barron's published its global list of the best CEOs this weekend.
The paper found that SAP's CEO Kagermann had managed to navigate his company "through turbulent times." His contract has just been renewed. He will therefore be at the helm of the world's largest enterprise software firm until May of 2009. Barron's says that is good news for SAP because he has managed to steer the German giant capably through the era after the dot.com bust. The paper also praises Kagermann for taking advantage of the trouble that Oracle had after the takeover of PeopleSoft, Siebel a nd other companies.
Barron's rights that Kagermann may have to abandon his steadfast aversion towards large transactions and takeover of few companies himself now that Oracle's consolidation strategy is beginning to bear fruit. Web-based firms such as Salesforce.com are going on a shopping spree for corporate software services. Barron's finds that SAP's attempts to develop such products have left something to be desired. Butt he paper feels that Kagermann will face the challenge and prove his mettle. At the moment, SAP is facing charges filed by Oracle for industrial espionage.