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Brian McNamee stepped down as CSL chief executive earlier this year, having been crowned Australia’s best performing chief executive of the past quarter century. During his tenure Citibank found that CSL produced an annual total shareholder return of 25.9% over 23 years, with former Macquarie Group chief executive Allan Moss not far behind with a 23.8% annual return over his 15 years in charge. Moss’ timing was impeccable, though, retiring in 2008 before the frightfully profitable Macquarie satellite model was rendered obsolete by the GFC. I’ve heard numerous stories this year from people that regretted selling out of CSL many...

Brian McNamee stepped down as CSL chief executive earlier this year, having been crowned Australia’s best performing chief executive of the past quarter century. During his tenure Citibank found that CSL produced an annual total shareholder return of 25.9% over 23 years, with former Macquarie Group chief executive Allan Moss not far behind with a 23.8% annual return over his 15 years in charge. Moss’ timing was impeccable, though, retiring in 2008 before the frightfully profitable Macquarie satellite model was rendered obsolete by the GFC.

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