Which Most-Hated CEOs are Private-Equity Backed? (Surprisingly Few)
Yesterday, Glassdoor.com released its "CEO Watch List," which ranks CEOs by employee approval ratings. The blog post doesn't explicitly state its methodology but it appears they create the list from extensive employee surveys. Although I'm not sure what conclusions can be drawn from this statement, only one of the companies on the list is backed by a private equity firm. One more is a public company with a PE minority stake, another is a recent exit, and a handful of others may have private equity fingerprints in their histories (but not that I found). The CEO of Sports Authority, the athletic gear retail chain owned by Leonard Green & Co., is the seventh lowest-rated CEO that received 50 or more employee reviews. Doug Morton has a 13% approval rating. Ouch.
