You choose, we deliver
If you are interested in this story, you might be interested in others from The Journal Gazette. Go to www.journalgazette.net/newsletter and pick the subjects you care most about. We'll deliver your customized daily news report at 3 a.m. Fort Wayne time, right to your email.

Business

  • Lake City parent's quarterly earnings up 22%
    Lakeland Financial Corp. today reported record second-quarter earnings of $11.3 million, or 68 cents per diluted common share, a 22 percent increase from the $9.2 million, or 56 cents a share, posted for the same three months of 2013.
  • NCI Fort Wayne workers eligible for federal assistance
    Former employees of NCI Fort Wayne LLC, a subsidiary of Nyloncraft Inc., are certified to receive federal benefits through the Trade Adjustment Assistance program, state officials announced today.
  • Column: Cattle stampede higher
    Cattle futures shot into all-time highs again this week, reaching $1.58 per pound on Thursday.
Advertisement

LinkedIn boss tops best CEO list

– Yahoo CEO Marissa Mayer may have put the kibosh on working from home last year and received attention for a performance review system that ranked employees on a curve – just as Microsoft was dumping that much-hated approach.

But that hasn’t stopped her from getting a 79 percent approval rating from Yahoo employees, making her one of two female chief executives to place among the 50 most popular CEOs of large U.S. companies, according to Glassdoor.

The career website has put out its 2014 listing of the country’s best-rated CEOs, according to ratings that were part of company reviews on Glassdoor over the past 12 months.

Mayer came in 49th, barely squeaking into the top 50, but she’s in good company. The top five include the list’s No. 1, LinkedIn CEO Jeff Weiner (who clocked a 100 percent rating), as well as Ford’s Alan Mulally (No. 2, 97 percent) and Costco’s Craig Jelinek (No. 5, 95 percent).

Last year’s No. 1, Facebook CEO Mark Zuckerberg, fell to No. 9 this year; the biggest climber on the list was Goldman Sachs CEO Lloyd Blankfein, who rose from No. 37 in 2013 to No. 7 this year. He scored a 93 percent rating, slightly above the 88 percent average of the top 50 companies.

Given how little most Americans think of business leaders – a 2013 Pew Research Center survey found just 24 percent think business executives offer “a lot” to society – that’s a pretty high grade. Only one in five people, according to a 2014 report by the public relations firm Edelman, trusts corporate leaders to tell the truth and make ethical and moral decisions. Employees may give their own CEOs higher ratings because they know them well – or despite the fact that they don’t.

“Many times, employees have never met the CEO, so are basically judging them on their leadership of the company,” said Scott Dobroski, Glassdoor’s community expert.

Advertisement