8 CEOs with Poor Reputation
#3 Do Won Chang
Company: Forever 21; CEO rating: 26 percent: Employees working under the leadership of Do Won Chang, in Forever 21 said—he is stringent. The working environment as says most of the workers is not so positive always. They receive minimum payment and have to work very hard and work late into the night and get very less time off. Do Won Chang has been criticized for his actions as well. In a company memo sent to all the employees stated that salaries and benefits would be cut, which done in order to avoid paying health benefit as mandatory under the Affordable Care Act. Employees also added that they were scared to take leave even if they were really sick, as they have been threatened with termination on account of illness.
#2 Bill Dillard II
Company: Dillard’s; CEO rating: 24 percent: In Dillard’s, a poorly rated CEO governs the employees. The poor rating fetched by the CEO is mainly because of the way they handle their workers and deal with them. The employees at Dillard’s are poorly paid; a sales associate makes merely a $10.72 per hour. While the three Dillard’s at the top positions controlling the company have received a total compensation package of a whooping $54 million over three years.
The Dillard’s did not make their workers happy when it settled a class action disability discrimination lawsuit brought by former employees for $2 millions. The company even forced employees to reveal confidential medical information in order to take sick leaves. At the company, the employees are under extreme pressure to meet a sales quota that is labeled as unrealistic and impossible to achieve.
#1 Edward S. Lampert
Company: Sears Holdings; CEO rating: 20 percent: Edward S Lampert created Sears Holdings Corporation after coordinating the merger of retail giants Kmart and Sears, Roebuck and Co. nearly a decade ago. Lampert is rated as the worst CEO for the employees of the Company. He controls nearly half of all the shares through his fund ESL Investments. Sears has not been performing well under Lampert and have been struggling through profits and revenues and was not able to surge ahead. The company’s revenue earnings and sales have come down significantly. Lampert has been criticized for pitting divisions against one another. This, according to Businessweek article, has discouraged divisions from collaborating. According to employees, communication from the top level is too weak and disappointing.
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