SAUSALITO, Calif. (October 21, 2009) — While approval ratings are commonplace for most politicians, it’s also becoming an important measure for CEOs courtesy of Glassdoor.com, a career website that supports greater workplace transparency where employees and jobseekers can review and rate companies, CEOs, job interviews, and disclose their salaries and total compensation packages.
While the majority of CEOs on the highest rated list have better approval ratings than President Obama’s current 50% in the latest Gallup poll (as of 10/20/09), 20 out of the total 25 CEOs had their respective approval ratings decline since last quarter. Coming out in the top spot for the third consecutive quarter is General Mills’ Ken Powel l (96%), followed by Edward Zore of Northwestern Mutual (90%), Steve Jobs of Apple (90%), Eric Schmidt of Google (87%), and A.G. Lafley at Procter & Gamble (87%).
“Employees present a valuable barometer on the inner workings of companies, particularly in times like these. Glassdoor provides a constructive outlet to share their observations, and observe the sentiment and opinions of others within their company and industry,” said Robert Hohman, co-founder and CEO of Glassdoor.com. “Glassdoor is fast becoming more than just a resource for employees and jobseekers, as company data like this is proving useful to investors, customers, procurement officers and even sales teams. After all, whether the employee base is satisfied or unsatisfied can severely impact service levels and productivity.”
The complete list is as follows:
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Glassdoor has been monitoring CEO approval – and disapproval – ratings since the company launched in 2008, providing insight on how the chief executives at national and multi-national companies are viewed by the people who regularly walk the halls – the employees. The Glassdoor CEO approval ratings are calculated the same way political approval ratings are: by simply asking employees if they approve or disapprove of the job the CEO is doing. For the chief executives of reviewed companies to be considered, they must have a minimum of 50 reviews. The current approval rating and disapproval ratings for each CEO can be viewed at any time on Glassdoor.com from the company review profile page. To date, Glassdoor has collected more than 280,000 reviews and salary reports for more than 30,000 companies in 100 countries. Access to Glassdoor.com data is free provided users anonymously contribute information and perspectives about their own jobs.
More detailed CEO ratings analysis that includes a look at how approval ratings can vary by employee work location can be found on the Glassdoor.com blog (https://www.glassdoor.com/blog/).
For more information about Glassdoor, visit www.glassdoor.com or email email@example.com for additional information on content syndication. To receive regular updates about new and interesting data and reports, visit the Glassdoor Blog or follow the company on Twitter.
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NOTE TO EDITORS/REPORTERS/BLOGGERS: Glassdoor analysts are available to run custom queries and reports on data for specific companies and/or sectors. If you would be interested in a custom report on CEO performance, company ratings, insights into company or interview reviews, or details into compensation packages for specific job or specific companies, please email firstname.lastname@example.org.
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Glassdoor.com is a career and workplace community where anyone can find and anonymously share real-time company reviews and ratings, salary details about specific jobs, or interview questions and reviews for specific employers — for free. Glassdoor was founded in 2007 and launched its public beta in June 2008. Glassdoor is headquartered in Sausalito, Calif. and was founded by Richard Barton, Robert Hohman and Tim Besse.
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