With all of that having been said and now out of the way, it is important to note that Jensen Huang of Nvidia claimed the top spot with a 96% approval rating. He’s the only CEO to surpass the 90% mark, and his high score was likely buoyed by his ability to get through the economic turmoil of the past two years without conducting mass layoffs.
There is also a correlation between stock price and CEO approval, and when Nvidia managed to capitalize on the rise of AI, its stock price tripled in value which clearly boosted the CEO’s approval ratings with all things having been considered and taken into account. The same goes for Doug McMillon, CEO of Walmart, who managed to reach an 88% approval rating for 2023.
It bears mentioning that out of all of the Big 5 tech companies in the world, only Tim Cook ended up in the top ten list with an approval rating of 83%. He is eclipsed by Nikesh Arora in third place with 84%, and Ali Ghodsi of Databricks equalled him with 83%.
On the other end of the spectrum, Erik Nordstrom of Nordstrom reached the bottom of the rankings with a 0% approval rating. He shares this dubious distinction with David Goeckeler of Western Digital, with both companies laying off hundreds of employees which likely sparked a wave of backlash and negative sentiment.
Evan Spiegel, CEO of Snap, slashed the company’s workforce by around 20%, which resulted in him receiving just 3% of votes from employees who thought his performance was satisfactory. Linda Yaccarino, who is currently replacing Elon Musk as CEO of X, also got an abysmal 4%. This might be due to the turmoil occurring over at the platform and company formerly known as Twitter, with Yaccarino potentially receiving a lot of flack for the platform losing major advertisers even though this happened because of Elon Musk.
Read next: GenAI Prism: This Infographic Illuminates the Expansive Universe of Generative AI Tools
by Zia Muhammad via Digital Information World
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