Last night General Motor’s CEO Rick Wagoner was ousted from office in a move that was prompted by the government. As the Wall Street Journal reports “The Obama administration used the threat of withholding more bailout money to force out General Motors Corp. Chief Executive Rick Wagoner and administer harsh medicine to Chrysler LLC, marking one of the most dramatic government interventions in private industry since the economic crisis began last year.”
When we last reported in December on the CEOs for the three major US auto manufacturers, we analyzed employee sentiment around the pending government bailout and found that many employees had pride for their jobs and work but were frustrated – and even embarrassed – with the current situation, the number of management layers and poor decision-making processes.
It’s interesting that throughout the past three months, all CEO approval ratings have increased at least 2 percentage points and most of the companies’ ratings remained stable except for a very slight drop at Ford and GM.
Glassdoor Report: Top 3 US Automakers Comparison (data based on employee sentiment)
Company Rating
(Max: 5 Pts.)
3/30/2009
Company Rating
(Max: 5 Pts.)
12/10/2008
CEO
CEO Approval Rating
3/30/2009
CEO Approval
Rating
12/10/2008
CEO Disapproval Rating
3/30/2009
CEO Disapproval
Rating
12/10/2008
Chrysler
2.6
2.6
Bob Nardelli
25%
17%
62%
66%
Ford
3.0
3.1
Alan R. Mulally
65%
63%
14%
14%
GM
3.1
3.2
Rick Wagoner
45%
42%
33%
32%
Focusing back on GM’s Rick Wagoner, our question becomes ...
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- Automakers, Chyrsler, Ford, General Motors, Obama, Rick Wagoner
