glassdoor.com

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

We've already got salary.com, jobvent.com and even, yes, rateyouremployeramerica.com.

Sites where America's downtrodden and downhearted employees voice their opinions about their bosses.

On the the latest, Glassdoor.com, a creation of three former Expedia executives, the CEOs of Cisco and Google do very well and the CEOs of Microsoft and Yahoo, shockingly, do not do so well.

But why no overpaid.com? Or uselessemployee.com? Or even a worstemployeeinamerica.com?

I can see the Valley's finest (and not so finest) working on it now.

The online superhighway seems to be a one-way street. A … Read more

Soon after May 14, Yahoo CEO Jerry Yang's approval rating among an admittedly small group of Yahoo employees tanked. Not surprisingly, that was the day word spread that corporate raider Carl Icahn was launching his proxy fight against Yang and Yahoo's embattled board of directors.

I know this because of a start-up called Glassdoor.com. While Glassdoor's service, scheduled to go into a public beta at 9:01 PDT Tuesday, is certainly helpful for nosy reporters who want a read on what employees think of their bosses, that's not the 12-person company's only intention. Glassdoor … Read more