Surprising drop for Apple’s Tim Cook on highest-rated CEO list

Posted on: June 21st, 2017 by ABC News No Comments

Photo by Stephen Lam/Getty Images(NEW YORK) —  A number of tech company leaders made Glassdoor’s list of the 100 highest-rated CEOs for 2017, but one in particular saw his stock fall.

The list, released on Wednesday, uses ratings from anonymous employees to review those in charge of their own companies. The ratings are then combined with an algorithm to rank the best executives.

Clorox CEO Benno Dorer came out on top this year, receiving a rating of 99 percent. That figure was equaled by World Wide Technology’s Jim Kavanagh, Boston Scientific’s Michael Mahoney, Memorial Sloan Kettering’s Craig B. Thompson, Fast Enterprises’ Martin Rankin, and NVIDIA’s Jen-Hsun Huang.

Last year’s top executive, Bain & Company’s Bob Bechek, slipped to number seven this year, with a rating of 98%.

The biggest names on the list included SpaceX’s Elon Musk (8th) and Facebook’s Mark Zuckerberg (10th), each with a 98% approval rating.

Apple’s Tim Cook, who placed in the top 20 each of the last four years, saw his approval rating come in at 93 percent — only good enough for 53rd on Glassdoor’s list.

By comparison, Microsoft CEO Satya Nadella made his first appearance on the list, at number 29.

Still, the drop from number one to Cook’s 53rd place finish only includes a six percent decrease in approval rating.

A spokeswoman for Glassdoor told CNET that the average rating for a CEO is 67 percent, making Cook’s grade more than satisfactory.

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