Last month, we posted on the CEOs with the lowest approval ratings following oustings of the CEOs of Alcatel-Lucent and AMD. Recently, WaMu CEO Kelly Killinger, who has been one of Glassdoor.com’s lowest rated CEOs since launch, was given his walking papers. While only 10% of employees said they approved of Killinger, three out of four (75%) said they disapprove.
Some employees may be asking the board what took so long. Last week, new CEO Alan Fishman assumed the top job asserting that he believes WaMu has a future as an independent company. Time will tell.
CEO transition is hard for any company, but in adversity there is often opportunity. In reading reviews from Washington Mutual’s headquarters employees, Fishman could bode well by walking the halls and taking some time to focus internally and listen to the advice from his employees….and even address some of their (perceived?) inequities:
Morale problems – Take responsibility for decisions that cause the stock price to drop, during layoffs show that you are being affected as well as the folks on the ground doing the work.
Good times gone. Stop listening only to what your directs are telling you. Get out there among the rank and file for a ...
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