#3 (tie): Illinois
Current Dow CEO Degrees: 4
Head west, and you have our next CEO-breeding locale: Illinois. Chevron head honcho John Watson, who also put a tally under Cali, moved on from UC Davis to get his MBA from the University of Chicago School of Business.
On top of that, Doug Oberhelman was born and raised in the state — his dad was a Deere & Co. (DE) salesman — and made his way to the little-known Millikin University for his undergraduate degree. Millikin is located in Decatur, Ill. and currently has only 2,400 students. Oberhelman took his small roots and did big things, though; he is currently chief of Caterpillar (CAT).
The most notable thing about the Prairie State, though, is its last two students: Ellen Kullman and Virginia Rometty. Women remain noticeably absent from the C-suite at most big-name corporations; Kullman and Rometty are two of only three CEOs for the entire Dow 30.
They both attended the same school — although at different times and with different degrees. Rometty finished up at Northwestern University with a bachelor’s degree in computer science and electrical engineering in 1979, while Kullman completed a master’s degree in management there four years later, only after getting an engineering degree from Tufts University.