Facebook's Zuckerberg replaces Cook as top-rated CEO
Friday, March 15, 2013 @ 10:20pm
| Despite suffering only a tiny drop in approval -- perhaps due to votes from recently-released executives -- Tim Cook's rank on job and boss review site Glassdoor fell from the top spot last year to number 18 on the latest list. His replacement is actually three CEOs, including Facebook leader Mark Zuckerberg and SAP's co-CEOs Bill McDermott and Jim Hagemann Snabe. All three men received a 99 percent score, while Cook fell from 97 percent to 93 percent in this year's survey. The ratings are compiled from employee votes.
The slight drop for Cook is probably more reflective of other companies' employees ranking their bosses higher this year, but also reflects an end to the "honeymoon" period in Cook's tenure and may also be influenced by the recent drop in AAPL's stock price (though it is still up 13 percent from when Cook officially took over as CEO). Facebook has long enjoyed a high regard as an employee-friendly establishment, though Zuckerberg's rating has shot up 14 points from last year's rating -- perhaps a reflection of how he weathered the initial stock crisis. Google's Larry Page retained his 95 percent approval rating from last year, but moved down from third place in 2012 to sixth place this year, an indication of how tight the rankings have become.
The survey was broken out into both "Tech" and "Business" categories, with the Tech category hosting just the top 10 nominees while the general Business category listed the top 50. Surprisingly, Cook did not make it into the top 10 in Tech, with Zuckerberg listed at number one and the SAP co-CEOs in second place despite the tie. Cognizant's Frank D'Souza was third, EMC 's Frank Tucci fourth and Qualcomm's Paul Jacobs took fifth place. Google, Citrix, SalesForce and NVIDIA's CEOs rounded out the rest, with Amazon's Jeff Bezos ranked tenth with a 93 percent rating (also up sharply from last year).
Former Apple CEO and co-founder Steve Jobs received a 95 percent approval rating for 2011, the last year in which he lead the company. Cook took over for Jobs after he resigned for health reasons in August, and Jobs died shortly afterwards in early October of that year. Since then, Cook has increased salaries and perks for regular employees, and has led the company to ever-growing record increases in sales and revenue.