Not able to find any answers since she was installed as CEO of Yahoo! (NASDAQ:YHOO), Chief Executive Officer Carol Bartz has found her popularity among employees waning at high levels, as her failure has resulted in several rounds of lay offs.
While shares of Yahoo have risen during Bartz’s tenure at the company, the 38 percent growth has lagged far behind the approximate 80 percent gain for the Nasdaq Composite Index (COMP) during the same period of time she has headed the company; also far behind a lot of its tech peers.
Glassdoor.com. a career website, said the approval rating of Bartz has fallen to about 50 percent, a huge decline from the 77 percent she had enjoyed the year before. It's among the largest plunge in approval for CEOs for the year.
Other tech CEOs have seen their popularity fall as well, including Oracle Corp.’s (NASDAQ:ORCL) Larry Ellison, who saw his dip to 73 percent from 77 percent, and Microsoft Corp.’s (NASDAQ:MSFT) Steve Ballmer, whose approval rating fell to 40 percent from 46 percent; but nowhere near the drop experienced by Bartz.
The problem for Bartz is she simply offers no answers and little future vision for the company, which has resulted in the drop in confidence in her leadership.
Yahoo closed Thursday at $16.68, falling $0.06, or 0.36 percent.
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