total return was down 79.2 percent
in the two years before the company announced Stephen Luczo would be the new
CEO. By comparison, the S&P 500's total return was down 31.3 percent during that same period.
Luczo's appointment in January 2009, Seagate's stock had a total return of 907.2 percent as of Oct. 11. By
comparison, the S&P 500 had a total return of 103.8 percent during the same period.
Luczo, who is also a Microsoft director and on the CEO
search committee, has a finance background that includes a stint as a managing
director at Bear Stearns. He recently said that Seagate is on the lookout for
software acquisitions to help it meet growing demand for cloud computing.
See the data visualization of this rankings, and check out more of Bloomberg Best (and Worst).
Methodology: Bloomberg ranked CEOs of technology companies based
on the improvement of each company's stock performance from the week before its
CEO's appointment was announced until October 11, 2013. Companies were drawn
from a list of the top 250 U.S. technology companies by market capitalization.
The list included companies in the e-commerce, Internet media and
Internet-based services industries, and excluded companies in the distribution,
information services and payment and data processor industries. Excluded were
CEOs who were founders of their companies or had tenure of less than one year
or more than 10 years as of October 11, 2013.
To create this ranking, the total returns of the stocks were
calculated from one week before the CEO's appointment was announced (because
rumors may have been circulating) until October 11, 2013, and for the two years
prior to that period. These returns were compared to the performance of the
S&P 500 for the same periods and the difference in percentage points was
calculated. All returns are cumulative. Only companies that underperformed the
S&P 500 prior to the CEO announcement period and outperformed since that
time appear on the list.