LinkedIn's (LNKD.DL) Jeff Weiner is America's highest-rated CEO, according the latest data from Glassdoor. Specifically, Weiner earned a 100% score from the 682 employees who rated him at the site. Ford's Alan Mulally tied Edelman PR boss Richard Edelman for second with a 97% approval rating. Fool contributor Tim Beyers explains the implications in the following video.
For investors, there's more to the honor than pride. Happy workers tend to be loyal, giving years of outperformance that might otherwise go to a competitor. What's more, multiple studies show that public companies with happy employees tend to beat the market when measured over the long term. LinkedIn is already in that camp, having beat the market by more than 60% since IPO. The underlying business is also performing well. Revenue improved 47% year over year in the fourth quarter, while per-share profits grew 11% over the same period.
Can LinkedIn keep its track record? Tim thinks so, arguing that LinkedIn has never had a sole leader whose talent and charisma were the guiding forces of outperformance. Rather, a team of co-founders led by Reid Hoffman helped give birth to a culture that Weiner now shepherds -- a culture that, if the Glassdoor data is to be believed, motivates workers to great achievements. Do you agree? Leave a comment below to let us know what you think.