These bosses have done well for their shareholders over a span of decades. The secret: Think like an owner.
For some executives, longer really is better. To test our thesis, we sorted through data on the 500 biggest companies to find leaders with very long track records: those who have been in place for at least 20 years (compared with the average tenure of just short of 8 years), at a company that has been listed for at least 20 years and has returned at least 20% annually to shareholders. That 20% is no small feat when you marry it to decades of compounding. These companies are worth, on average, 700 times what they were when the company listed or the current chief executive took office (whichever came later).
These extraordinary executives aren't your everyday hired honchos. Most of them are company founders or are related to the founder.
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