While not totally indicative, Glassdoor rankings of CEOs are used by Elliott and others in assessing how real employees feel about CEOs and their performance. Looking at Glassdoor, here is how Phillips 66 stacks up in the industry regarding approval rating, senior management rating, and the other number is would employees recommend to a friend:
CEO approval rating / Senior Management Rating (out of 5) / Would Recommend Company to a Friend (%)
Phillips: 56% / 2.8 / 63%
Valero: 71% / 3.6 / 80%
Marathon: 77% / 3.5 / 76%
PBF: 50% / 3.0 / 60%
HollyFrontier: 77% / 2.8 / 61%
Enterprise Products: 83% / 3.6 / 75%
Williams: 85% / 3.2 / 66%
Targa: 87% / 3.8 / 75%
LyondellBasell: 60% / 3.2 / 66%
Dow: 67% / 3.4 / 73%
Notice anything? PSX is PBF and HollyFrontier. Let’s stop pretending.