These are the watches worn by the most powerful CEOs in the world

Business Insider

For some businessmen, a wristwatch is more than a time-telling device. It's a statement.

"A watch is the greatest icebreaker there is," says Hamilton Powell, the CEO of Crown & Caliber, an online secondary market for luxury watches.

"In an unfamiliar city, I can approach a complete stranger and with two words eradicate any barriers," he tells Business Insider. "Nice watch."

"A watch tells people about the type of person you are and what you value," Powell adds. "The guy who wears a blinged-out gold-diamond Hublot is very different than the guy with a vintage stainless-steel Zenith chronograph."

With the help of Crown & Caliber, we've put together a list and commentary about the wristwatches worn by 11 CEOs of some of the world's most powerful companies.

Catherine Rice contributed reporting.

Doug McMillon, president and CEO of Walmart

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At 50 years old, Doug McMillon is the youngest CEO on this list. He has been the president and CEO of Walmart since February 2014. Before serving in this capacity, McMillon was the president and CEO of Walmart International, "a fast-growing segment of Walmart's overall operations."

According to his company profile, Walmart is visited each week by nearly 260 million customers in 11,529 stores and online. Walmart is the world's largest employer with over 2.3 million associates. In 2016 its revenues totaled $481.1 billion.

Citizen Skyhawk A-T JY0000-53E — $479

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McMillon wears a Citizen Skyhawk in the previous slide. And, not surprisingly, the watch, which retails for $479, can be purchased on Walmart's website.

Jeffrey Immelt, CEO of General Electric

The Street

Jeffrey Immelt has been the CEO of the industrial giant General Electric for more than 16 years. He has been frequently recognized for his success as a CEO. His company profile says he's been named one of the "World's Best CEOs" three times by Barron's, and since he began serving as CEO, GE has been named "America's most Admired Company" in a poll conducted by Fortune.

With a market cap of over $250 billion, General Electric is one of the largest public firms in the world. In 2016 its revenues totalled $123.7 billion

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