America's Best CEOs

DeMarche has selected its Best CEOs for 2011. The award is based on a combination of our Migration Ratings and total compensation received by CEOs from their respective companies.

Our Migration rating ranks each company in our DeMarche 3000 Universe based upon a combination of (1) achieving growth while (2) mitigating investment risk.

The award is based upon ranking CEO compensation dollars per unit of risk as defined in our Migration analysis. The top companies therefore spend fewer CEO salary dollars per each unit of risk managed.

The listing below includes: (1) The CEOs (and their organizations) who have received this designation for three consecutive years, and (2) The list of the 2011 award winners.

3-Year Winners
Ticker Company CEO
AMZN AMAZON.COM Jeffrey P. Bezos
ARGN AMERIGON Daniel R. Coker
AGX ARGAN Rainer H. Bosselmann
ATNI ATLANTIC TELE-NETWORK Michael T. Prior
CPK CHESAPEAKE UTILITIES John R. Schimkaitis
CUO CONTINENTAL MATERIALS James G. Gidwitz
INTG INTERGROUP John V. Winfield
JBLU JETBLUE AIRWAYS David Barger
KEX KIRBY Joseph H. Pyne
LPHI LIFE PARTNERS HOLDINGS Brian D. Pardo
OBCI OCEAN BIO-CHEM Peter G. Dornau
LUV SOUTHWEST AIRLINES Gary C. Kelly
STNR STEINER LEISURE Leonard I. Fluxman
TECH TECHNE Thomas E. Oland
USHS US HOME SYSTEMS Murray H. Gross
USLM US LIME & MINERALS Timothy W. Byrne


Ticker Company CEO
NDN 99 CENTS ONLY STORES Eric Schiffer
AXK ACCELR8 TECHNOLOGY Thomas V. Geimer
ALB ALBEMARLE Mr. Mark Rohr
AOI ALLIANCE ONE Robert E. Harrison
MO ALTRIA Michael E. Szymanczyk
AMAG AMAG PHARMACEUTICALS Dr. Brian J.G. Pereira,M.D.
AMZN AMAZON.COM Jeffrey P. Bezos
ACO AMCOL INTERNATIONAL Lawrence (Larry) E. Washow
ACC AMERICAN CAMPUS William C. Bayless,Jr
AACS AMERICAN COMMERCE SOLS Daniel L. Hefner
ALRN AMERICAN LEARNING Mr. Gary Gelman
ARGN AMERIGON Daniel R. Coker
AMPL AMPAL-AMERICAN ISRAEL Josef A. Maiman
ASYS AMTECH SYSTEMS Jong S. Whang
ANDE ANDERSONS Michael J. Anderson
APOG APOGEE ENTERPRISES Mr. Russell Huffer
AAPL APPLE INC Mr. Steven P. Jobs
RDEA ARDEA BIOSCIENCES Dr. Barry D. Quart,Pharm.D.
AGX ARGAN Rainer H. Bosselmann
ASNA ASCENA RETAIL GROUP David R. Jaffe
ASIA ASIAINFO-LINKAGE Steve Zhang
AGO ASSURED GUARANTY Dominic J. Frederico
ATRO ASTRONICS Peter J. Gundermann
T AT&T Randall L. Stephenson
ATNI ATLANTIC TELE-NETWORK Michael T. Prior
ATW ATWOOD OCEANICS Mr. Robert J. Saltiel
VOXX AUDIOVOX A Patrick M. Lavelle
AVA AVISTA Scott L. Morris
BTN BALLANTYNE OF OMAHA John P. Wilmers
BKH BLACK HILLS David R. Emery
BOFI BOFI HOLDING Gregory Garrabrants
BAM BROOKFIELD ASSET J. Bruce Flatt
BF.B BROWN-FORMAN B Paul C. Varga
BPL BUCKEYE PARTNERS L.P. Mr. Forrest E Wylie
BUKS BUTLER NATIONAL CORP Clark D. Stewart
CWT CALIFORNIA WATER Peter C. Nelson
ELY CALLAWAY GOLF CO George Fellows
CPST CAPSTONE TURBINE Mr. Darren R. Jamison
CTL CENTURYLINK Glen F. Post,III
CPK CHESAPEAKE UTILITIES John R. Schimkaitis
CTSH COGNIZANT TECH SOLUTION A Francisco D'Souza
COHU COHU Mr. James A. Donahue
CSTR COINSTAR Paul D. Davis
MCF CONTANGO OIL & GAS CO Kenneth R. Peak
CUO CONTINENTAL MATERIALS James G. Gidwitz
CNW CON-WAY Mr. Douglas W. Stotlar
CVU CPI AEROSTRUCTURES Edward J. Fred
CBRL CRACKER BARREL OLD Michael A. Woodhouse
HOOK CRAFT BREWERS ALLIANCE Terry E. Michaelson
CRAY CRAY Peter J. Ungaro
CACC CREDIT ACCEPTANCE Brett A. Roberts
CSPI CSP Alexander R. Lupinetti
3CTDH CTD HOLDINGS C.E. Rick Strattan
CVS CVS CAREMARK Thomas M Ryan
DECK DECKERS OUTDOOR CORP Angel R. Martinez
DAL DELTA AIR LINES Richard H. Anderson
DV DEVRY Daniel Hamburger
DLR DIGITAL REALTY TRUST Michael F. Foust
DIN DINEEQUITY Julia A. Stewart
DLTR DOLLAR TREE STORES Bob Sasser
DYSL DYNASIL CORPORATION OF AM Craig Dunham
ESIC EASYLINK SERVICES Thomas J. Stallings
EGO ELDORADO GOLD Paul N. Wright
ENR ENERGIZER HOLDINGS Ward M. Klein
EZPW EZCORP Mr. Joseph L. Rotunda
FII FEDERATED INVESTORS B Mr. J. Christopher Donahue
FDX FEDEX CORP Mr. Frederick W. Smith
FFBC FIRST FINANCIAL BANCORP Claude E. Davis
FNFG FIRST NIAGARA FINANCIAL John R. Koelmel
FCFC FIRSTCITY FINANCIAL James T. Sartain
3FLXT FLEXPOINT SENSOR SYSTEMS Clark M. Mower
FLL FULL HOUSE RESORTS Andre M. Hilliou
GAIA GAIAM Lynn Powers
EGAS GAS NATURAL Richard M. Osborne
BGC GENERAL CABLE Gregory B. Kenny
GE GENERAL ELECTRIC Jeffrey R. Immelt
3GNBT GENEREX BIOTECHNOLOGY Anna E. Gluskin
GILD GILEAD SCIENCES Dr. John C. Martin,M.D.
GLT GLATFELTER PH George H. Glatfelter,II
GPK GRAPHIC PACKAGING HOLDING Mr. David W. Scheible
GTN GRAY TELEVISION Hilton H. Howell,Jr
GMCR GREEN MNTN COFFEE ROASTER Lawrence J. Blanford
GEF GREIF Michael J. Gasser
HANS HANSEN NATURAL Mr. Rodney C. Sacks
HRS HARRIS Mr. Howard L. Lance
HSTM HEALTHSTREAM Robert A. Frist,Jr
HSY HERSHEY COMPANY David J. West
ICON ICONIX BRAND GROUP Mr. Neil Cole
IDSA INDUSTRIAL SRVCS OF AMER Harry Kletter
INTG INTERGROUP John V. Winfield
INTL INTL FCSTONE Sean M. O'Connor
3ITNM INTL MONETARY SYSTEMS Mr. Donald F. Mardak
JBHT JB HUNT TRANSPORT Kirk Thompson
JBLU JETBLUE AIRWAYS David Barger
SJM JM SMUCKER Mr. Richard K. Smucker
JCI JOHNSON CONTROLS Stephen A. Roell
JPM JPMORGAN CHASE James S. Dimon
KMB KIMBERLY-CLARK Mr. Thomas J. Falk
KEX KIRBY Joseph H. Pyne
KMGB KMG CHEMICALS J. Neal Butler
LH LABORATORY CORP AMER HLDG David P. King
LEAP LEAP WIRELESS S. Douglas Hutcheson
LPHI LIFE PARTNERS HOLDINGS Brian D. Pardo
LIME LIME ENERGY David R. Asplund
LKQX LKQ Joseph M. Holsten
LMLP LML PAYMENT SYSTEMS Mr. Patrick H. Gaines
LOCM LOCAL.COM Heath B. Clarke
LOW LOWE'S COMPANIES Robert A. Niblock
M MACY'S Terry J. Lundgren
MCZ MAD CATZ INTERACTIVE Mr. Darren Richardson
LOAN MANHATTAN BRIDGE CAPITAL Mr. Assaf Ran
MRO MARATHON OIL Clarence P. Cazalot,Jr
MTZ MASTEC INC Jose R. Mas
MWV MEADWESTVACO John A. Luke,Jr
MED MEDIFAST Michael S. Mcdevitt
MEDW MEDIWARE INFORMATION SYST Thomas Kelly Mann
MSTR MICROSTRATEGY Michael J. Saylor
MIDD MIDDLEBY Selim A. Bassoul
MSEX MIDDLESEX WATER Dennis W. Doll
MHK MOHAWK INDUSTRIES Mr. Jeffrey S. Lorberbaum
NETL NETLOGIC MICROSYSTEMS Ronald Jankov
NTCT NETSCOUT SYSTEMS Mr. Anil K. Singhal
NEWP NEWPORT Robert J. Phillippy
NEE NEXTERA ENERGY Mr. Lewis Hay, III
NIHD NII HOLDINGS Steven P. Dussek
NRF NORTHSTAR REALTY FINANCE David T. Hamamoto
NRG NRG ENERGY David W. Crane
NUS NU SKIN ENTERPRISES A M. Truman Hunt
NUVA NUVASIVE Alexis V. Lukianov
OBCI OCEAN BIO-CHEM Peter G. Dornau
ORLY O'REILLY AUTOMOTIVE Gregory L. Henslee
ORA ORMAT TECHNOLOGIES Yehudit (Dita) Bronicki
OSK OSHKOSH Robert G. Bohn
OC OWENS CORNING INC Mr. Michael H. Thaman
PNNW PENNICHUCK Duane C. Montopoli
PNY PIEDMONT NATURAL GAS Mr. Thomas E. Skains
PDC PIONEER DRILLING William Stacy Locke
PPL PPL James H. Miller
PCLN PRICELINE.COM Mr. Jeffery H. Boyd
PL PROTECTIVE LIFE Mr. John D. Johns
PRSC PROVIDENCE SERVICE Fletcher Jay Mccusker
PBIP PRUDENTIAL BANC INC OF PA Mr. Thomas A. Vento
PEG PUBLIC SERVICE ENTERPRISE Ralph Izzo
PURE PURE BIOSCIENCE Michael L. Krall
QCCO QC HOLDINGS Don Early
RAVN RAVEN INDUSTRIES Ronald M. Moquist
RSG REPUBLIC SERVICES A James E. O'Connor
RIMM RESEARCH IN MOTION Michael Lazaridis
RIMM RESEARCH IN MOTION James L. Balsillie
RKT ROCK-TENN James A. Rubright
RES RPC Richard A. Hubbell
SPP SAPPI LTD ADS Roeloff Jacobus (Ralph) Boettger
SCND SCIENTIFIC INDUSTRIES Helena R. Santos
SEB SEABOARD Steven J. Bresky
SHEN SHENANDOAH TELECOMMUNICAT Christopher E. French
SIRI SIRIUS XM RADIO Mel Karmazin
SWHC SMITH & WESSON HOLDING Mr. Michael Golden
3SMID SMITH-MIDLAND Rodney I. Smith
SORL SORL AUTO PARTS Xiao Ping Zhang
LUV SOUTHWEST AIRLINES Gary C. Kelly
SWK STANLEY BLACK & DECKER John F. Lundgren
STNR STEINER LEISURE Leonard I. Fluxman
STEM STEMCELLS Martin M. Mcglynn
RGR STURM RUGER Michael O. Fifer
TECH TECHNE Thomas E. Oland
TCCO TECHNICAL COMMUNICATIONS Mr. Carl H. Guild,Jr
TRC TEJON RANCH Robert A. Stine
KR THE KROGER David B. Dillon
TWGP TOWER GROUP Michael H. Lee
TAC TRANSALTA Mr. Stephen G. Snyder
TRNS TRANSCAT Mr. Charles P. Hadeed
TRCR TRANSCEND SERVICES Mr. Larry G. Gerdes
TCX TUCOWS Elliot Noss
UBOH UNITED BANCSHARES Daniel W. Schutt
UG UNITED-GUARDIAN Kenneth H. Globus
UTL UNITIL CORPORATION Mr. Robert G. Schoenberger
URS URS Mr. Martin M. Koffel
USEG US ENERGY Keith G. Larsen
USHS US HOME SYSTEMS Murray H. Gross
USLM US LIME & MINERALS Timothy W. Byrne
USAK USA TRUCK Clifton R. Beckham
VFC VF Eric C. Wiseman
GWW W.W. GRAINGER James T. Ryan
WPI WATSON PHARMACEUTICALS Paul M. Bisaro
WFC WELLS FARGO Mr. John G. Stumpf
WDC WESTERN DIGITAL John F. Coyne
WEYS WEYCO GROUP Thomas W. Florsheim,Jr
WGO WINNEBAGO INDUSTRIES Robert J. Olson
ZBRA ZEBRA TECHNOLOGIES Anders Gustafsson
3ZYXI ZYNEX, INC. Thomas Sandgaard

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