Tag Archives: mark zuckerberg

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.

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Facebook Shares Drop Below $20 Again

So much for a big comeback from Facebook’s stock.

After Facebook stock hit an all-time low of $17.55 a share at the beginning of this month, Mr. Zuckerberg came forward and promised not to sell any of his stock for at least a year.  It was a move that was set to reassure investors and staff who were nervous about Facebook’s stock decline since its IPO in May.  It seemed to work at first, with the stock rising back up to more than $23.

But now the stock has fallen back down below $20 a share in early trading today for the first time in two weeks.  Facebook’s stock has declined this week following a particularly damaging report in Barron’s, which claims that Facebook’s stock is still extremely overvalued and should only be priced around $15 a share.  Another report from IDC also found that the majority of developers surveyed believe that a mobile-first startup would be “likely to very likely” to take away market share from Facebook.

Even though Zuckerberg assured investors that he and the company take mobile seriously, it seems like they have gotten nervous once again.  What is Mark Zuckerberg going to do to try and save the day this time?

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