Glassdoor.com Releases List of Top 25 Rated CEOs for Q3, According to Employees
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SAUSALITO, CA -- (MARKET WIRE) -- 10/21/09 -- While approval ratings are commonplace for most politicians, it's also becoming an important measure for CEOs courtesy of Glassdoor.com, a career website that supports greater workplace transparency where employees and jobseekers can review and rate companies, CEOs, job interviews, and disclose their salaries and total compensation packages.
While the majority of CEOs on the highest rated list have better approval ratings than President Obama's current 50% in the latest Gallup poll (as of 10/20/09), 20 out of the total 25 CEOs had their respective approval ratings decline since last quarter. Coming out in the top spot for the third consecutive quarter is General Mills' Ken Powell (96%), followed by Edward Zore of Northwestern Mutual (90%), Steve Jobs of Apple (90%), Eric Schmidt of Google (87%), and A.G. Lafley at Procter & Gamble (87%).
"Employees present a valuable barometer on the inner workings of companies, particularly in times like these. Glassdoor provides a constructive outlet to share their observations, and observe the sentiment and opinions of others within their company and industry," said Robert Hohman, co-founder and CEO of Glassdoor.com. "Glassdoor is fast becoming more than just a resource for employees and jobseekers, as company data like this is proving useful to investors, customers, procurement officers and even sales teams. After all, whether the employee base is satisfied or unsatisfied can severely impact service levels and productivity."
The complete list is as follows:
Highest Rated CEOs w/ 50 or more reviews as of October 1, 2009
Approval Disap- Approval
Rating proval Rating Change
Rank Company CEO as of Rating as of in
10/1/09 as of 7/1/09 Quarters
10/1/09
---- -------------------- --------------- ------ ------ ------ -------
1 General Mills Ken Powell 96% 3% 97% -1
---- -------------------- --------------- ------ ------ ------ -------
2 Northwestern Mutual Edward J. Zore 90% 3% 93% -3
---- -------------------- --------------- ------ ------ ------ -------
3 Apple Steve Jobs 90% 4% 91% -1
---- -------------------- --------------- ------ ------ ------ -------
4 Google Eric E. Schmidt 87% 4% 88% -1
---- -------------------- --------------- ------ ------ ------ -------
5 Procter & Gamble A.G. Lafley 87% 4% 87% 0
---- -------------------- --------------- ------ ------ ------ -------
Lloyd C.
6 Goldman Sachs Blankfein 86% 3% 87% -1
---- -------------------- --------------- ------ ------ ------ -------
7 FactSet Philip A. Hadley 85% 4% 86% -1
---- -------------------- --------------- ------ ------ ------ -------
8 CareerBuilder Matt Ferguson 82% 7% 82% 0
---- -------------------- --------------- ------ ------ ------ -------
9 NIKE Mark G. Parker 79% 8% 85% -6
---- -------------------- --------------- ------ ------ ------ -------
10 Chevron Dave O'Reilly 79% 11% 78% 1
---- -------------------- --------------- ------ ------ ------ -------
Shantanu
11 Adobe Narayen 78% 11% 78% 0
---- -------------------- --------------- ------ ------ ------ -------
12 Continental Airlines Larry Kellner 77% 10% 80% -3
---- -------------------- --------------- ------ ------ ------ -------
13 Netflix Reed Hastings 76% 15% 91% -15
---- -------------------- --------------- ------ ------ ------ -------
14 USAA Joe Robles Jr. 75% 12% 79% -4
---- -------------------- --------------- ------ ------ ------ -------
15 Caterpillar Jim Owens 75% 10% 76% -1
---- -------------------- --------------- ------ ------ ------ -------
Bill
16 Marriott Marriott Jr. 75% 15% 74% 1
---- -------------------- --------------- ------ ------ ------ -------
17 Costco Wholesale Jim Sinegal 74% 12% 73% 1
---- -------------------- --------------- ------ ------ ------ -------
18 Disney Bob Iger 74% 10% 78% -4
---- -------------------- --------------- ------ ------ ------ -------
19 Edward Jones Jim Weddle 74% 10% 76% -2
---- -------------------- --------------- ------ ------ ------ -------
20 Schlumberger Andrew Gould 74% 10% 77% -3
---- -------------------- --------------- ------ ------ ------ -------
John L.
21 Stanford University Hennessy 73% 7% 77% -4
---- -------------------- --------------- ------ ------ ------ -------
22 salesforce.com Marc Benioff 73% 12% 74% -1
---- -------------------- --------------- ------ ------ ------ -------
23 Ernst & Young Global Jim Turley 73% 8% 74% -1
---- -------------------- --------------- ------ ------ ------ -------
Mark B.
24 Citrix Systems Templeton 72% 16% 73% -1
---- -------------------- --------------- ------ ------ ------ -------
James J.
25 National Instruments Truchard 72% 3% 73% -1
---- -------------------- --------------- ------ ------ ------ -------
Glassdoor has been monitoring CEO approval -- and disapproval -- ratings since the company launched in 2008, providing insight on how the chief executives at national and multi-national companies are viewed by the people who regularly walk the halls -- the employees. The Glassdoor CEO approval ratings are calculated the same way political approval ratings are: by simply asking employees if they approve or disapprove of the job the CEO is doing. For the chief executives of reviewed companies to be considered, they must have a minimum of 50 reviews. The current approval rating and disapproval ratings for each CEO can be viewed at any time on Glassdoor.com from the company review profile page. To date, Glassdoor has collected more than 280,000 reviews and salary reports for more than 30,000 companies in 100 countries. Access to Glassdoor.com data is free provided users anonymously contribute information and perspectives about their own jobs.
More detailed CEO ratings analysis that includes a look at how approval ratings can vary by employee work location can be found on the Glassdoor.com blog.
NOTE TO EDITORS/REPORTERS/BLOGGERS: Glassdoor analysts are available to run custom queries and reports on data for specific companies and/or sectors. If you would be interested in a custom report on CEO performance, company ratings, insights into company or interview reviews, or details into compensation packages for specific job or specific companies, please email pr[at]glassdoor[dot]com.
About Glassdoor.com
Glassdoor.com is a career and workplace community where anyone can find and anonymously share real-time reviews, ratings and salary details about specific jobs and job interviews for specific employers -- for free. Designed to deliver greater transparency around our work life, Glassdoor enables employees, job seekers, employers and recruiters to simultaneously see -- for the first time -- unedited employee opinions about a company's work environment along with details of pay, benefits and CEO approval ratings along with detailed accounts and questions about the interview and hiring process. Glassdoor was founded in 2007 and launched its public beta in June 2008. Headquartered in Sausalito, Calif. Glassdoor has received $9.5 million from Benchmark Capital and Sutter Hill Ventures, which followed initial seed investment from Glassdoor co-founders Rich Barton, Robert Hohman and Tim Besse.
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