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The CEO Incubators
As of October 2007, 20 percent of the CEOs at the largest U.S. companies once held a position at just 20 companies. The list below shows the companies that produced the highest number of CEOs as a proportion of their employee population. Note that companies with a smaller proportion of white-collar professional employees are disadvantaged under this methodology.
Company Employees CEOs produced Odds
McKinsey & Co. 11,000 16 1-in-690
Deloitte & Touche 17,170 8 1-in-2,150
Baxter International 48,000 11 1-in-4,365
PricewaterhouseCoopers 47,750 10 1-in-4,775
Ernst & Young 103,000 12 1-in-8,585
Merrill Lynch 62,200 7 1-in-8,885
Motorola 66,000 7 1-in-9,430
Intel 88,100 8 1-in-11,010
Procter & Gamble 138,000 12 1-in-11,500
General Electric 300,000 26 1-in-11,540
Honeywell 118,000 10 1-in-11,800
Novartis 100,735 8 1-in-12,590
PepsiCo 168,000 13 1-in-12,925
Disney 133,000 9 1-in-14,780
ExxonMobil 106,400 7 1-in-15,200
Johnson & Johnson 122,200 8 1-in-15,275
IBM 366,485 18 1-in-20,360
AT&T 301,840 13 1-in-23,220
Citigroup 332,000 11 1-in-30,180
Note: The company that rounds out the top 20, Arthur Andersen, is now defunct.
Source: Capital IQ, based on Securities and Exchange Commission public filing data



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