Facebook: Soldiering On Despite Adversity
July 19, 2019
The Libra hearing was painful to watch. Not only was the information presented in a colorless manner, Facebook’s attention shifter illuminates what happens when governance and regulation take a holiday.
Anyone considering a job at a large company should take note of this resource— ZDNet reports, “Glassdoor Survey: Employees Give Top Rating to VMWare’s CEO, but Zuckerberg Plunges.” Poor Zuck; the famous Facebook CEO dove from 16th place last year to number 55 in this year’s roster of the 100 best CEOs to work for. It could be worse. Amazon’s Jeff Bezos has yet to appear on the list, which began in 2013.
Glassdoor only considers companies with more than 1,000 employees “large” for the purpose of this survey. Writer Tom Foremski reports:
“The annual ranking of the top 100 CEOs of the largest US companies is prepared by Glassdoor, which hosts reviews of companies and their management by employees. … Adobe, Microsoft, and LinkedIn CEOs joined VMware in the 2019 top 10. Overall, the tech sector has the most employee-approved CEOs with 27 in the Top 100, followed by healthcare with 12 CEOs, and manufacturing with eight CEOs. The San Francisco/Bay Area is home to 17 CEOs on the Top 100 List — with nearly all in tech. New York City has 16 CEOs on the list — none are in tech — with mostly financial services and management consulting companies.
We also noted this statement:
“Zuckerberg held the No. 1 spot on the list in 2013 and maintained a top 10 rank until 2018, dropping to No. 16. His declining popularity with employees appear to mirror his handling of high-profile problems over privacy and targeted advertising. A similar fall from grace has affected Google, which had the No. 1 CEO in 2015 with Larry Page but now sits at No. 46. Like Facebook, Google has come under considerable public criticism over the past few years.”
Three CEOs have made the list every year for the past three: Zuckerberg, Tim Cook of Apple, and Salesforce’s Marc Benioff. Only seven women appear on this year’s list; that’s actually pretty good, though, considering only five percent of CEOs at S&P 500 companies are female. Glassdoor assures us it employs an algorithm that can tell if respondents are trying to skew results, and that it punishes guilty companies accordingly. The curious can see this year’s results, and an archive of previous ones, here.
DarkCyber believes that more exposure of the company’s plans and ideas may not add sparkle to the social media firm.
Cynthia Murrell, July 19, 2019
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