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25.3.13

Facebook best place to work: Survey


Apparently Mark Zuckerberg isn't liked just among his 17 million followers on Facebook. Of nearly 200,000 CEOs reviewed in the past year on job site Glassdoor.com, Facebook's chief executive had the highest employee approval rating on the latest rankings of 50 CEOs, at 99.3%.
Not coincidentally, Facebook also ranked as the best place to work on Glassdoor. Rounding off the five highest-rated chief executives: Software company SAP's Bill McDermott and Jim Hagemann Snabe (98.6%), McKinsey's Dominic Barton (97%), Ernst & Young's Jim Turley (96%), and John Schlifske of Northwestern Mutual (96%).

While Facebook's offices burst with love for their leader, investors might have a different view. Despite strong fourth-quarter results, the company's stock price is down about 30% since its IPO in May 2012. As a majority of Zuckerberg's wealth is tied to the stock, his own net worth fell about $6.3 billion in that time, according to data from the Bloomberg Billionaires Index .
Sam Hamadeh, head of research firm PrivCo, told the Los Angeles Times in August the young executive "is in over his hoodie as CEO of a multi billion-dollar public company."

Glassdoor spokesman Scott Dobroski says the ranking reflects employees' confidence in leadership, which is not always tied directly to financial results. Rather, it indicates employees' belief that the company is being led in the right direction, that the CEO has a clear vision of the future, and that the vision and plan to achieve it are clearly communicated.

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