We do not talk enough about execution. It is the mother's milk of profits, and in an era when ETFs are the preferred method of trading, the whole notion of long-term management performance gets lost in the shuffle.
And then you will get a couple of days when management's great work just shines through. Today is one of those days. Just think about how many terrific CEOs and their amazing deeds we heard from or read about today. Just think about how hard these people are working for you and how they are delivering for you.
We know that Ken Powell is delivering a level of performance at General Mills (GIS - Get Report) that is astounding. Think about all of the obstacles that he's overcome: higher commodity prices, a sluggish consumer, endless buy-one-get-one couponing. And what has he done? He's given you nothing less than consistent sleep-at-night earnings reports like the one we got this morning, endless dividend increases and tremendous share-take. Powell is everything you can ask of a CEO.
Or how about Stuart Miller at Lennar (LEN - Get Report)? It's not easy to follow the towering legacy of Stuart's dad, Leonard. But Stuart's late father has to be smiling somewhere about what this executive has done in the toughest housing market since the Depression. His beautiful quarter today shows that he's building more homes, making more money per home and accumulating a land bank that will drive earnings for years and years to come.This article originally appeared on March 20, 2013, on RealMoney. To read more content like this + see inside Jim Cramer's $3 Million portfolio for FREE Click Here NOW. Then there's Laura Alber, the remarkable CEO of Williams-Sonoma (WSM - Get Report), who has steered this high-end housewares company onto perhaps the best growth path of anyone in the industry. This multi-cylinder company, which includes Pottery Barn and West Elm, is hitting on every one of them. The expectations were so high here, and she crushed them. I think we are in the early innings of the growth for Williams-Sonoma, as Alber has taken a company with electric merchandise but a stodgy reputation and turned it into a high-performance vehicle. Then there is Al Walker, the quiet executive behind Anadarko (APC - Get Report) who had to follow in the huge footsteps of the towering Jim Hackett, and who continues that exploration-and-production company's reputation as being the best wildcatter in the world. This announcement today of a gigantic new find in the Gulf of Mexico is breathtaking and shows there's still plenty of oil left if you know where to look for it.