'We don't need no MBA', sing these honchos
How crucial is it for a CEO to have an MBA degree? Not much, it seems. We have eight of thetop corporate figures in India lined up here. They have no business degree, yet have made it bigin the business world.The Harvard Business Review published a 'CEOs and MBA' story in January this year. It was based on a study done by three professors from INSEAD, who examined the long-term performance of about 2000 CEOs during their tenures. Though the study found CEOs with MBA performing better than CEOs without MBA, only 14 CEOs out of the Top 50 had an MBAdegree.The highest ranked CEO with the degree was Cisco Systems' John Chambers at No. 4. The other four CEOs with MBA in the top ten included Reliance Industries' Mukesh Ambani (5), eBay'sMeg Whitman (8), and Monsanto's Hugh Grant (10).The best CEO as per that study was Apple co-founder Steve Jobs, who does not have a businessdegree. Other non-MBAs in the top 10 included Amazon.com's Jeff Bezos and Google's EricSchmidt.So, what makes a good CEO?