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Wednesday, July 27, 2016

Why These 10 CEOs Are Considered the Best?
by: Katie Kuehner-Hebert

Every year, Glassdoor ranks the most popular CEOs based on employee (and former employee) feedback. This year, technology, consulting and consumer goods chiefs received the highest marks. Here, we took a look at what makes them great in their staff’s eyes.

Nº 1 - Bain & Company’s Bob Bechek

“Bechek has led Bain as its worldwide managing director since 2012 and has helped build the company from a young upstart to a respected heavyweight in management consulting for almost 30 years,” Forbes wrote. “But in an interview with Poets & Quants, a website dedicated to business schools, he stressed the importance of informal authority and leading by example. And judging by Bechek’s approval rating on Glassdoor, his employees—affectionately known as Bainies—seem to like his style of leadership.” Employees touted a work culture that valued professional development, including weekly training events, on-the-job apprenticeships, open door policies and mentorship programs, according to Forbes.

Nº 2 - Ultimate Software’s Scott Scherr

Scherr in 1990 founded Ultimate Software, an HR and payroll software provider based in Weston, Fla., which not only fully pays for employee healthcare plans, but also matches 40% of 401(k) contributions with no cap and gives all employees equity when they’re first hired with the opportunity to earn more based on performance, according to CNNMoney. All of these benefits are “non-negotiable,” which has resulted in a 95% employee retention rate—and a 97% customer retention rate.

Nº 3 - McKinsey & Company’s Dominic Barton

While techies are often seen on these kinds of lists, it’s fairly unusual that two top CEOs have similar backgrounds in management consulting. According to Forbes, McKinsey’s services and specialized expertise has expanded considerably under Barton’s leadership, which has translated into “better than ever before” financial results. Founded 90 years ago, the firm is thriving today, with more than 1,600 partners serving clients in 62 countries, across all regions, sectors and business disciplines. “McKinsey governs itself as a private partnership, with a distinctive and strong culture binding its members,” Forbes wrote. “If you join, you sign up for a tandem mission (impact for clients and developing excellent people), and a democratically elite set of values: integrity, transparency, making people successful, fact-based analysis, and ‘the obligation to dissent’—to get the best answers, and ‘do the right thing for clients and colleagues”.

Nº 4 - Facebook’s Mark Zuckerberg

In Facebook, Mark Zuckerberg built not just a business, but a company culture with the fervor of a messianic sect, according to Vanity Fair. “Zuckerberg founded the church of a new religion,” Vanity Fair wrote. “All the early Facebook employees have their story of the moment when they saw the light and realized that Facebook wasn’t some measly social network like MySpace but a dream of a different human experience. With all the fervor of recent converts, newly recruited followers attracted other committed, smart, and daring engineers and designers, themselves seduced by the echoes of the Zuckian vision in others”.

Nº 5 - LinkedIn’s Jeff Weiner

Some of the company’s bets under the direction of Weiner are starting to pay off, including last year’s relaunch of the social media platform’s mobile app, according to CNBC. Its internal search engine is four times faster than before, allowing users to generate results for phrases before they finish typing, CNBC wrote in December. The interface, which aims to make interaction more organic, has been upgraded with tailored content and promises easier communication for users. The professional network also swapped its old email feature for a text-messaging system. The developers designed the other sections: my network, home, and me, in a way that facilitates internal navigation, networking, and are in-turn more user-friendly.

Nº 6 - Salesforce’s Marc Benioff

Benioff has been fighting a number of states’ “bathroom laws” that target LGBT individuals, simply “the right thing to do,” he told CBS News, especially given the transformation taking place in the business world from being shareholder-based to being “all about the stakeholders.” Benioff has also targeted issues in his own company. When two female workers confronted him about unequal pay, he made a $3 million adjustment in salaries to address the problem. On the business side, Salesforce also has some new deals. The company partnered with Amazon, selecting Amazon Web Services as its preferred public cloud infrastructure provider. Salesforce also announced it would buy software technology company Demandware for $2.8 billion.

Nº 7 - Google’s Sundar Pichai

 “Pichai’s vision for Google stems from a core belief: That we are increasingly moving toward a world that runs on artificial intelligence, meaning no matter what screen we are interfacing with — a smartphone, tablet, dashboard, watch, virtual reality device, or refrigerator—and no matter where we are, we will be aided along the way by the invisible hands of super-smart machines,” USA Today wrote. “In this world, Pichai wants Google to be a super-smart assistant helping people throughout the day, supplying all the information they need to complete tasks”.

Nº 8 - Apple’s Tim Cook

The Motley Fool’s Dylan Lewis and Evan Niu discuss Cook’s “operational brilliance” of using contract manufacturing, instead of owning any of its production facilities: “This is where Tim Cook’s expertise really is, in operational efficiency and just running a business extremely well from a supply chain’s point of view”.

Nº 9 - Nestle Purina PetCare’s Joseph R. Sivewright

Ninety-six percent of employees approve Sivewright. He has been CEO of Nestle Purina PetCare Co. since Jan. 1, 2015, after serving as president of Nestle Purina Petcare North America from April 2004 to January 2015, according to Bloomberg. Sivewright joined the firm in 1985, and has more than 25 years of marketing and sales experience, including leading Nestle Purina’s improved performance in Latin America and the Caribbean. While the comments on Glassdoor are mixed, what people like the most there are benefits such as the ability to bring your pet to work.

Nº 10 - Red Hat’s Jim Whitehurst

After reaching the $2 billion in annual revenue milestone, Whitehurst told CRN Magazine why he believes the Raleigh, N.C.-based software vendor can get to $5 billion in sales in the next five years. “That ambition is rooted in the potential Whitehurst sees for the future of the open-source movement; next-gen technologies that Red Hat is betting on big like OpenStack, Docker and Kubernetes; and a network of partners capable of delivering those open-source solutions to the enterprise market,” CRN wrote. “Open-source has become the default methodology for building next-generation architectures that will serve the cloud and mobile era, he said, and that’s why Red Hat can more than double its business in half a decade”.

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Source: Chief Executive

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