Tag Archives: ceo

Mark Zuckerberg is Glassdoor’s Highest Rated CEO

It’s been a bit of a rough year for Facebook and its CEO, Mark Zuckerberg, following the social network’s disastrous IPO last May.  The company’s stocks have dropped and Zuckerberg has had to deal with some harsh critics.  But he must be doing something right, as he has defeated Apple’s Tim Cook as the highest rated CEO.

According to Glassdoor’s 2013 Highest Rated CEOs index, Zuckerberg received a 99% approval rating from his employees, which is a 14% increase from last year.  While Zuckerberg’s approval rating went up this year, Cook’s went down 4%, from 97% to 93%.  This was enough to not only push Cook out of the top 10, but all the way down to the 18thslot.  Cook’s decline comes about a year and a half after the death of former CEO Steve Jobs and as the Apple’s stock has tumbled almost 40% from all-time highs.

Glassdoor is a free jobs and career community online that offers an inside look at jobs and companies.  The site features “employee generated content” – anonymous salaries, company reviews, interview questions, and more – all posted by employees, job seekers, and sometimes the companies themselves.

To compile its list of Highest Rated CEOs, Glassdoor surveyed hundreds of thousands of employees across many industries.  CEO approval ratings are calculated much the same as presidential approval ratings.  Employees were asked questions such as “Do you approve or disapprove of the way your CEO is leading the company?”

One unnamed Facebook employee told Glassdoor that Facebook possesses “an open community from Zuck on down.” There is “mutual trust companywide and a sense of community and drive, instilled by our CEO who we all truly respect.”

After Zuckerberg, the rest of the top 10 included, in order:

  • Bill McDermott & Jim Hagemann Snabe, SAP (99%)
  • Dominic Barton, McKinsey & Co. (97%)
  • Jim Turley, Ernst & Young (96%)
  • John E. Schlifske, Northwestern Mutual (96%)
  • Frank D’Souza, Cognizant Technology Solutions (96%)
  • Joe Tucci, EMC (96%)
  • Paul E. Jacobs, Qualcomm (95%)
  • Richard K. Davis, U.S. Bank (95%)
  • Pierre Nanterme, Accenture (95%)

Click here to see the full list of Glassdoor’s 2013 Highest Rated CEOs.

Tagged , , , , , , ,

Marissa Mayer Leaves Google to Become Yahoo’s New CEO

By now I’m guessing that we have all heard the biggest news story out of Silicon Valley- Marissa Mayer has been hired as the new CEO at Yahoo.  The second-biggest news story seems to be the fact that she is six months pregnant.  Good for her, but what I’m really interested in is who she is, what she accomplished at Google and what we can expect from her at Yahoo.  Surely she has her work cut out for her, so what changes can we expect from the company in the upcoming future?

Mayer received her B.S. in Symbolic Systems and her M.S. in Computer Science from Stanford University, specializing in artificial intelligence for both degrees.  She joined the Google team in 1999 as its 20th employee and its first female engineer.  During her time there she held five different roles, beginning as a software engineer and finishing as the Vice President of local, maps and location services.  She is credited with maintaining the company’s home page for a decade and overseeing some of their most popular products including Gmail, Google News and image, book and product search.

She made her Yahoo debut Tuesday, replacing Ross Levinsohn, who ran the company on an interim basis since Scott Thompson’s resignation in May.  She is the company’s fourth chief executive in less than a year.

David Filo, co-founder of Yahoo, said in a prepared statement: “Marissa is a well-known, visionary leader in user experience and product design and one of Silicon Valley’s most exciting strategists in technology development. I look forward to working with her to enhance Yahoo’s product offerings for our over 700 million unique monthly visitors.”

By accepting the position at Yahoo, she accepted the huge challenges that come with it.  Mayer is joining the company as its fortunes have pretty much come to a halt.  Its financial performance and stock price have been steadily declining since Yahoo rejected a $47.5-billion takeover offer from Microsoft in 2008. The company’s lower profit makes it clear that Yahoo is losing the battle for people’s time and attention and marketers’ advertising dollars to rivals Facebook and Google.  Both companies have been thriving as advertisers spent more money on Internet advertising.  It currently takes Google a little more than a month to make as much money as Yahoo does in a year.

To succeed, Mayer will have to take one of the Internet’s most recognizable brands and make it more profitable.  She must apply her extensive knowledge of working on the user experience, doing for Yahoo what she did for Google.  By recapturing the audience’s attention and driving more traffic to Yahoo’s website, this will in turn help Yahoo sell more online advertising space and revive revenue growth.

She could work with Levinsohn to build on what he had envisioned- revamping the site and making it the hottest spot on the Internet by using a combination of exclusive content and material produced by a wide range of other media outlets.  He was particularly focused on improving the quality of Yahoo’s video offerings, estimating that if the company’s website was serving up professionally produced news and entertainment clips, it will attract people and they will stick around.

Mayer has yet to announce the fate of Levinsohn, declining to discuss her plans for him in a Monday interview.

Whether Levinsohn stays or leaves, Mayer will have to develop a road map for Yahoo and decide where the company fits in the Internet and mobile market that is mainly being controlled by Google, Apple, Facebook and Amazon.  Yahoo currently has a monthly audience of 700 million users that it plans to build on as it develops more effective ways to connect with people on smartphones and mobile devices.

As one of Google’s former top executives, it is safe to say that she knows the company’s strengths, weaknesses and vulnerabilities very well.  Her experience at Google has probably also given her some insight on the areas where Facebook, Apple and Amazon.com are vulnerable as well.  Mayer has already stated that she is confident that she can make Yahoo’s services “even more innovative and inspiring in the future.”

Yahoo needs a sharp leader who can build excitement and ultimately traffic and revenue.  It looks like after a string of short-lived CEOs they may have finally found a good match. The next few months will be an interesting test to see how Mayer handles the huge challenge that she is facing.  I believe in Mayer and wish her the best of luck.

Tagged , , , , , , ,
%d bloggers like this: