Majority of CEOs See Approval Ratings Slide in Q3; General Mills' Powell Tops the List for Third Consecutive Quarter Followed by Northwestern Mutual's Zore and Apple's Jobs
SAUSALITO, CA, Oct. 21, 2009 (Marketwire) --
SAUSALITO, CA -- (Marketwire) -- 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
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1 General Mills Ken Powell 96% 3% 97% -1
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2 Northwestern Mutual Edward J. Zore 90% 3% 93% -3
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3 Apple Steve Jobs 90% 4% 91% -1
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4 Google Eric E.
