BusinessBrief.com » CEO popularity tanks when economy slumps

CEO popularity tanks when economy slumps

November 9, 2009 by Valerie Helmbreck
Posted in: Leadership


Another victim of the economic downturn: The popularity of most CEOs.  Employees anxious about their jobs seem to be taking out their anxiety on organizational leadership in many cases.

The Glassdoor quarterly report on CEO performance is out, and it seems the down economy and internal activity may have impacted the popularity of CEOs across the board.

More than 60% of CEOs on both the highest and lowest rated lists — ranking 25 CEOs each — recorded a decline in overall approval ratings since the beginning of July while less than 25% moved up.

New analysis this quarter reveals one startling fact: At many companies, opinions of the CEOs vary widely depending on whether an employee works close to the power center in the corporate headquarters or further removed from the CEO in a satellite office.

The chief with the highest approval rating these days is General Mills’ head honcho, Ken Powell, who has a whopping 96% approval from the folks who look to him for leadership.

Northwestern Mutual’s Ed Zore ranked second with a 90% approval rating and the chiefs of Apple and Google, Steve Jobs (90%) and Eric Schmidt (87%) respectively, ranked third and fourth. (Jobs came in behind Zore because his disapproval rating was 4% to Zore’s 3% rating.)

To read more about the Glassdoor’s popularity rankings, visit here.

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2010-09-02 16:02