Employees Rank CEOs And Some Grades Fall [Infographic]
Think your company has a great leader in charge? Well, plenty of folks at the nation's largest employers believe that -- even when the CEOs have been engulfed in controversy, according to the results of a new employee survey by career website Glassdoor.
Employee reviews give Goldman Sachs Group Inc. CEO Lloyd Blankfein, the subject of a scathing op-ed by former executive Greg Smith, an 89 percent approval rating, down 8 points from his 97 percent rating last year, Glassdoor says. (In part because of such criticism, though, yesterday Goldman Sachs agreed to appoint an independent lead director, who would be in charge of evaluating the CEO's performance.) The news was slightly worse for Procter & Gamble Co. CEO Bob McDonald, who saw his score slip 10 points to 84 percent.
Among those in the top rank was Apple Inc.'s new chief executive officer, Tim Cook, atop Glassdoor's list with a 97 percent approval rating -- slightly higher than the rating former CEO Steve Jobs had at the same time last year.
Other high-tech CEOs, including Qualcomm Inc.'s Paul Jacobs and Google Inc.'s Larry Page, were among those with the highest scores, tying for second and fourth, with ratings of 95 percent and 94 percent, respectively. American Express Co.'s Ken Chenault was the other fourth place finisher, while Ernst & Young CEO Jim Turley tied for second.
Glassdoor's survey, which tallies the top 25 highest rated CEOs, uses approval ratings based on a simple survey question: Do you approve of the way your CEO is leading the company?
Other highlights from the report include:
- Big bank CEOs still have pretty high ratings, despite public criticism. For months, Occupy Wall Street movements targeted America's biggest banks and criticized top executive salaries. Despite this public outcry, U.S. Bancorp employees give CEO Richard Davis an 88 percent approval rating, and JPMorgan Chase employees give CEO Jamie Dimon an 87 percent approval rating.
- CEO to improve the most was General Electric Co. CEO Jeffrey Immelt. His approval rating jumped 19 points to an 83 percent approval this year.
- New Hewlett-Packard Co. CEO Meg Whitman is doing well -- in the eyes of employees. She took over in September and already employees give her an 80 percent approval rating, higher than former CEO Leo Apotheker's 57 percent cumulative approval rating and Mark Hurd's 34 percent cumulative approval rating.
For more on the nation's Top 25 Highest Rated CEOs, check out this infographic from Glassdoor.
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David Schepp has spent more than a dozen years covering business news for the electronic and print media, including Dow Jones Newswires, BBC News, Gannett Co., and most recently at AOL's DailyFinance. Nearly 10 years ago, he started writing a weekly People@Work column, looking in depth at issues facing workers in today's workplace. The syndicated column appeared in newspapers and websites nationwide before it made its debut on DailyFinance in 2010. Schepp now continues that tradition at Aol Jobs, covering the jobs beat and providing readers insight and analysis into the nation's challenging employment scene.
Schepp holds a Bachelor of Arts degree in journalism from Metropolitan State College of Denver.
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