‘Barron’s’ Rates Mary Barra as a Top CEO
Many metrics decide how good a CEO is at their job, but the one that matters most to a publicly-traded company is how much investors earn from their investment. The team at Barron’s, one of the most respectable publications in the world of finance, put General Motors’s Mary Barra on its list of World’s Best CEOs because she can deliver to shareholders. She is the only automotive CEO on the list.
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According to Barron’s writer Jack Hough, General Motors’s earnings per share have doubled since the company promoted Mary Barra in 2014. It acknowledged that its dividends stand at 25 percent compared to the S&P 500’s 80 percent, and stock prices are lower now than they were before her tenure. However, if you read The News Wheel at all, you know that new car sales around the world are slowing down. Barra has taken decisive, if unpopular, action to prepare GM for a possible future recession.
While GM produced more than 17 million vehicles in recent years, Barra has put the brakes on sedans and other unpopular vehicles to bring that number down to about 10 to 11 million in 2019. Not only that, but she has put more focus on truck production and development since those vehicles tend to be more profitable and America is still in love with them. Outside of the United States, Barra has cut ties with Europe and its stagnant auto market, while growing GM’s presence in China’s hungry market.
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All of this preparation means that General Motors is in a much better spot than it was before the last economic downturn. Hopefully, this stamp of approval shows the male-dominated industry that women can lead automakers to success.
News Source: Barron’s
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