The Glassdoor quarterly report* on CEO performance is out, and it seems the down economy and internal actions 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 that, 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.
In fact, 68% of CEOs on both the highest and lowest rated lists have higher approval ratings from employees in headquarters than employees working in non-HQ offices. A perfect example of this phenomenon is Reed Hastings, CEO of Netflix, who happens to be one of the highest rated CEOs on Glassdoor. While his score has slid from 91% approval in Q2 to 76% in Q3, most of the decrease has to do with an influx of negative reviews from Netflix operations in Oregon – as of early October, Hastings had a 92% approval rating among headquarter ...
