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Survey links CEO approval to stock performance

Updated August 21, 2008 at 11:02 AM PST with comments from Glassdoor's CEO.

Glassdoor.com uses an online questionnaire so employees can rate their companies and CEOs. I took the questionnaire. It's all the usual stuff, like what do you think of the leadership abilities and competence of senior management, would you recommend your company as a place to work, that sort of thing.

I thought it would be interesting to track the stock performance of the

public companies with CEOs that had the highest approval ratings versus those with the lowest approval ratings.

Guess what I found?

Over the past five years, shares of all the companies whose CEOs had the highest approval ratings were in the black, while shares of all the companies whose CEOs had the lowest approval ratings were either in the red or flat. We're talking 8 of 8 in the black, 8 of 8 in the red or flat.

What does that tell you?

First, that we live in America, the great land of greed and capitalism. If you're stock is in the money, the CEO's a god. If your options are under water, he's a dog. And don't flame me, it's what employees had to say, not me. But for what it's worth, I don't think that's a bad thing.… Read more

Making sense of reorgs

Many technology industry executives are surprisingly inept when it comes to planning and executing reorganizations effectively.

One of the most evident signs of dysfunctional executive management is reorg-du-jour (reorganization of the day, for those who didn't take French in high school). Nothing is more disruptive or counterproductive to the effectiveness of an organization than frequent reorganizations.

Not to pick on Yahoo, but the frequency, if not the execution, of its notorious reorgs has almost certainly contributed to its talent exodus and loss of productivity at a time when it can scarcely afford it.

That said, reorganizations go hand-in-hand with changes in corporate and product objectives and strategy that are often implemented to meet an ever-changing competitive landscape. To that extent, they can be critical to business success, if done correctly.

When do reorganizations make sense and when are they frivolous and disruptive? How can they be executed to minimize productivity disruption and worker frustration? Here's an insider's perspective on organizational change in two parts. First we deal with "how," then we deal with "when" and "why."… Read more

Meetings suck, but they don't have to

What is it about meetings that brings out the worst in otherwise reasonable and intelligent people? Is it an opportunity to childishly engage and disrupt others? Or perhaps it's a chance to demonstrate animalistic dominance. Who knows.

All I do know is, for companies to operate effectively, executives, managers, and key employees need to know how to run effective meetings. Meetings are how conflicts are resolved and plans are agreed upon. They are how critical strategic and operating processes are developed, managed, and to some extent, executed.

Conversely, ineffective meetings result in lost productivity and frustration. They can also be a sign of a dysfunctional workplace, which can result in operating failure.

In my experience technology managers and executives are so inept at conducting effective meetings you'd think it's rocket science or a rare genetic trait. I have no idea why that is.… Read more

The alternative-energy bubble

What do you get when you mix Al Gore, global warming, whacky environmentalists, skyrocketing oil prices, lots of venture funding, and irrational exuberance? An alternative-energy bubble.

What, you don't believe that there's an alternative-energy bubble? Then you're just not paying attention. It may not be the biggest bubble in the history of technology--yet. And it may not be ready to burst--yet. But it's a bubble, all right. All the signs are there.

In solar energy alone, hundreds of millions of dollars of venture funds have been poured into the likes of Nanosolar, SoloPower, OptiSolar, HelioVolt, eSolar, SolFocus, Solel, Miasole, GreenVolts, Hydro Green, Infinia, Sopogy, Cyrium, SkyFuel, BrightSource Energy--the list goes on and on.

All the usual suspects are in the game: big-name venture capital firms, investment banks, private-equity firms, energy companies, technology companies, individual investors, a new batch of investment companies focused primarily on energy, and even a hedge fund or two.

There are lots of recognizable names, as well, including Google founders Larry Page and Sergey Brin, Microsoft founder Paul Allen, and Sun Microsystems founder and ex-Kleiner Perkins partner Vinod Khosla.… Read more

Work stress? You're not alone, CDC says

If you could push a button to lose weight, would you do it? Sure you would. That's why diet and nutrition crazes are so popular.

If you could take a pill and improve some part of your physique or become smarter, would you take it? Of course. That's why we see so many ads on TV and the Internet for that kind of crap.

What? Too smart to believe a pill can really do those things? That's cool. How about signing up at the local health or fitness club. Or buying self-help books. We're joining clubs … Read more

Another day in IT paradise

It's amazing how, in the modern computing world, an average workday can go to hell with no apparent warning. Check this out.

I woke up this morning with the usual list of 30 things I needed to get done, knowing full well that I wouldn't get to most of them. Just another day in the working world, right? Not exactly.… Read more

Being your own IT person still sucks

Last week, my wife's Dell Inspiron decided to stop printing to our wireless HP all-in-one. It was apparently a problem with the spooler, whatever that is. At that point, I had two choices: leave it alone and hope for a miracle, or fix it and perform some upgrades I'd been putting off.

Let me back up and explain something. I hate working on my wife's computer. Whatever I do inevitably screws something up, it takes way longer than I would like, and well, let's just say, my wife is impatient when it comes to technology.

It's OK for a doctor or dentist to poke and prod her, but when I poke or prod her computer, she acts as if I do it for the pure sadistic enjoyment of screwing up her peaceful existence.… Read more

Silicon Valley: The true tech mecca?

Every so often, I wonder if Silicon Valley is all it's cracked up to be. Sure, the confluence of venture capital, universities, and lawyers make it a veritable petri dish for the formation of technology companies, but there are a lot of other great places for innovation, right?

Well, if you go strictly by market capitalization, and look at the top 10 information technology companies, 6 of them are based in Silicon Valley: Cisco Systems, Google, Intel, Hewlett-Packard, Apple, and Oracle. In fact, if you map these company's headquarters, they'd all be inside a circle with a … Read more

Keep it simple

Occam's Razor essentially says that all things being equal, the simplest solution is the best. The principle has implications in virtually every field of science, not to mention philosophy, aesthetics, marketing, business, you name it.

If for some reason you don't buy the word of a 14th-century Franciscan friar, it might interest you to know that Albert Einstein also believed the universe loves simplicity. I don't know about you, but I'm in no position to argue with that guy.

You'd think that keeping things simple would be the easiest path, but that's not necessarily the case. Sometimes it's downright impossible. Look at the personal computer, for example. The need for backwards compatibility with legacy programs and interfaces has forever rendered the PC more complex than any of us would like.… Read more

How to denigrate an entire profession

A couple of days ago, I posted a story called "Why does the media love Apple and trash Dell." In an honest attempt (really) to explain a gap between the reality and perception of Dell's tech support, I somehow managed to denigrate the noble profession of news reporting and blogging.

What I was trying to say was that the media - as an industry - generally covers what will get them the most eyeballs, since that's how the companies (not the individuals, mind you) get paid by advertisers.

Of course, I never meant to imply that the industry as a whole or individual writers sacrifice integrity for eyeballs. I've had a long, long relationship with the media and that's simply not the case.… Read more