Wall Street’s best CEOs — as ranked by their employees

Goldman Sachs’ Lloyd
Blankfein; Credit Suisse’s Tidjane Thiam; and JPMorgan’s Jamie
Dimon.
Reuters; Reuters;
Reuters

• Morgan Stanley’s James Gorman has the highest approval
  rating of any major bank CEO.
• That’s according to the UBS Evidence Lab, which
  partnered with jobs-ranking site Glassdoor to look at industry
  trends.
• Deutsche Bank’s newly-appointed boss Christian Sewing
  is at the bottom of the pile, alongside Credit Suisse’s Tidjane
  Thiam.

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In the lavishly-compensated world of banking, job satisfaction
can often take a backseat to how much money one earns. Having a
good CEO, however, will always be a major draw for banks and
other financial institutions looking to recruit new staff.

But which major bank CEOs have the highest levels of approval
among their staff? Using data from jobs-ranking website
Glassdoor, the Evidence Lab at Swiss bank UBS compiled
satisfaction data for the CEOs of most recognizable brands in
global finance. The bank has collected more than 56,000 reviews
from Glassdoor.

The data, featured in a note about the fortunes of struggling
German lender Deutsche Bank, shows that bosses at big US banks
are much more likely to have the approval of their employees than
those at European lenders.

At the bottom of the pile were Tidjane Thiam of Credit Suisse and

Deutsche Bank’s new boss Christian Sewing. Meanwhile the
three most-approved CEOs were Morgan Stanley’s James Gorman,
JPMorgan’s Jamie Dimon, and
Goldman Sachs’ outgoing leader, Lloyd Blankfein. 

UBS did not reveal specific percentages from its analysis, but
the three top US executives all scored an approval rating of more
than 80% from their staff. Sewing and Thiam hovered at around
60%. 

“CEO approval for Deutsche Bank ranks almost bottom in the peer
group in 2018 and the y/y decrease is the highest,” UBS said.

“We think the skew to the US market where DB runs large IB
operations that are being scaled down could partially explain the
weak outcome. A similar situation could stand behind Credit
Suisse’s weak outcome we think.”

The chart below, compiled by the Evidence Lab, shows the approval
ratings of CEOs at 10 of the most recognizable names in banking,
as well as the industry average of around 75%. It also shows how
approval ratings for bosses have changed since this time last
year:

UBS