ROP - Why Management Matters: The 3 Best-Run Industrial Companies in America
If anyone has doubts about the importance of management in determining stock returns, read on. Danaher (NYSE: DHR) , Illinois Tool Works (NYSE: ITW) , and Roper Technologies (NYSE: ROP) have all generated stellar returns for investors thanks to management teams that have successfully carried out their business plans, and the good news is there could be more to come. Here's the how and why.
Danaher investors owe the company's board a round of applause. Larry Culp's 2001-2014 tenure as CEO proved highly successful , as was that of his successor, Tom Joyce, from 2014 to 2020. In essence, the Danaher story is one of relentless application of a set of business principles that management calls the Danaher Business System, or DBS.
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Why Management Matters: The 3 Best-Run Industrial Companies in America