Mark Zuckerberg, the CEO and co-founder of Facebook, has dropped off Glassdoor's list of the top 100 CEOs. This is the first time since 2013 that Mark has not been listed on Glassdoor's list. The ranking is solely dependent on employee approval ratings, which have dropped dramatically in Mark's case.

According to Glassdoor, Rick Lesser of Boston Consulting Group, Shantanu Narayen of Adobe, and Peter Pisters of MD Anderson Cancer Center occupy the top three spots, each having a 99 percent approval rating from employees. Employee approval ratings for the last individual on the list totaled 90 percent.

When it comes to Mark, his ratings have dropped significantly from 2019 to 2021. In 2019, he received a 94 percent approval rating from employees, but by 2021, his approval rating had plummeted to 89 percent, removing him from the top 100 CEOs list.

Zuckerberg, for example, was ranked #1 on Glassdoor's top list in 2013 with a 99 percent approval rating when the company began compiling the list. However, throughout the latter months of 2020 and early 2021, there was a significant drop in ratings.

According to a Bloomberg story, the Glassdoor survey included over 700 Facebook employees.

Because the input is anonymous, no employee who participated in the survey will be held accountable for giving poor evaluations.

“Unlike any other workplace award, the Glassdoor Employees' Choice Awards are determined by anonymous feedback from employees who voluntarily provide anonymous feedback by completing a company review about their CEO's leadership, as well as insights into their job, work environment, and employer over the previous year. The Glassdoor Employees' Choice Awards for Top CEOs this year include unique corporate categories from the United Kingdom, the United States, Canada, France, and Germany. Glassdoor has released the Top 50 CEOs in the United Kingdom (honoring CEOs in companies with 1,000 or more employees),” according to Glassdoor.

When an employee submits a review about their employer on Glassdoor, they are asked to assess many characteristics related to their work experience. “These include, among other things, assessing sentiment toward their CEO's leadership and senior management. Employees are asked to rate their CEO on Glassdoor and indicate whether they approve, disagree, or have no opinion on his or her performance.

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Elon Musk is now the third-richest person in the world.

Musk passed Facebook Inc. co-founder Mark Zuckerberg Monday as shares of Tesla Inc. continued their unrelenting rally after undergoing a forward stock split. Musk is now worth $115.4 billion compared with $110.8 billion for Zuckerberg, according to the Bloomberg Billionaires Index.

Also Monday, Jeff Bezos’s ex-wife MacKenzie Scott became the world’s richest woman, passing L’Oreal SA heiress Francoise Bettencourt Meyers. Scott, 50, who received a 4% stake in Amazon.com Inc. as part of her divorce from founder Bezos, is now worth $66.4 billion.

Musk, 49, has seen a meteoric rise in his wealth, with his net worth growing by $87.8 billion this year as Tesla shares surged almost 500%. Also helpful: an audacious pay package -- the largest corporate pay deal ever struck between a chief executive officer and a board of directors -- that could yield him more than $50 billion if all goals are met.

Tesla’s $464 billion market value now exceeds that of retail behemoth Walmart Inc, the largest company in the US by revenue.

Last week, Musk joined Zuckerberg, Bezos and Microsoft Corp. co-founder Bill Gates in the rarefied centibillionaire club as tech stocks rose.

The heady pace of wealth accumulation in recent months is in stark contrast to the state of the global economy. Growth has slumped sharply since the pandemic began with companies laying off millions of workers and consumer demand cratering. The brunt of economic pain has been borne by young and lower-wage workers, whose jobs are typically more vulnerable to COVID-related layoffs.

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Facebook CEO Mark Zuckerberg has reportedly admitted that a tool is used to keep track of user behavior online during a Senate Judiciary Committee hearing on Tuesday. Missouri Republican Senator Josh Hawley confronted Zuckerberg where he questioned him about two internal tools, brought to his attention by a Facebook whistleblower. The tools called Tasks and Centra are used to coordinate censorship with Twitter and Google and monitor Facebook user activity across the internet, respectively.

After the questioning of the hearing titled, Breaking the News: Censorship, Suppression, and the 2020 Election on Facebook and Twitter's content moderation practices, Hawley on Twitter wrote, "Zuckerberg admits @Facebook DOES have 'tools' to track its users across the internet, across platforms, across accounts - all without user knowledge. I ask how many times this tool has been used domestically against Americans. Zuck won’t say." He then attached a screenshot of the internal tool.

Zuckerberg, however, did not confirm "whether Facebook ever uses Centra to track and monitor American citizens." Hawley further noted, "Mark Zuckerberg under oath to me today: I don’t know, I can’t recall, I don’t remember, I’ll follow up later, let me get back to you."

"Centra is a tool that Facebook uses to track its users, not just on Facebook but across the entire internet. Centra tracks different profiles that a user visits, their message recipients, their linked accounts, the pages they visit around the web that have Facebook buttons," The Washington Examiner quoted Hawley. "Centra also uses behavioral data to monitor users' accounts, even if those accounts are registered under a different name."
Speaking further on co-ordinated content moderation, Hawley said that Facebook uses internal tool Tasks to manage content moderation.

Hawley cited the whistleblower who told him that Facebook co-ordinates censorship topics with Twitter and Google and lists them on Tasks. Zuckerberg denied saying that there was no coordination with other companies for content moderation. He, however, said that it was pretty normal for Facebook employees to communicate with their peers at other tech companies. "We do coordinate on, and share signals on, security-related topics," Zuckerberg said, citing terrorism, images of child exploitation, and foreign election interference. However, he said that was distinct from content moderation.
Hawley on Twitter wrote: "Ever wonder how a user banned or locked on one platform often gets quickly banned or locked on the others? This is how. Facebook whistleblower tells me FB uses its internal project management system, 'Tasks,' to coordinate censorship with Twitter and Google. Whistleblower says Twitter and Google routinely suggest censorship topics - hashtags, individuals, websites, many of them conservative - and Facebook logs them for follow-up on Tasks. But Zuck REFUSES under oath to turn over a list of Twitter or Google mentions on Tasks."

Source: indiatoday

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