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Socializing Your CEO II
                       Executive Summary




Socializing Your CEO                        Page 1
Socializing Your CEO II




Introduction
CEO reputation has serious implications for business success today. Recent research by
global public relations firm Weber Shandwick and KRC Research, The Company behind the
Brand: In Reputation We Trust, found that a full two-thirds (66%) of consumers say that
their perceptions of CEOs affect their opinions of companies and the products they sell.
Executives, too, recognize the importance of leadership reputation – they attribute nearly
one-half (49%) of a company’s reputation to the CEO’s reputation. Without any doubt,
executive leadership is critical to burnishing the overall reputation of organizations today,
as a large 60% of a company’s market value is attributed to its reputation.

Whereas years ago consumers were not so attuned to CEOs, this is no longer the case. With the always-on access and
reach of the Internet, leadership is very much on consumers’ radar screens. Our research found that nearly three in
10 global consumers (28%) often talk about company leaders with others and twice as many (59%) say their opinions
about companies are influenced by what these executives communicate. Clearly, getting executive messaging into
consumers’ conversations helps shape corporate reputation and consequently, a company’s bottom line.


Due to this inextricable link between CEO and company reputation and reputation’s sizable impact on company value,
Weber Shandwick takes a keen interest on behalf of our clients to better understand how CEOs tell their company story
internally and externally, online and offline, in-person and virtually. Because we recognize that consumers, customers,
journalists, supply chain partners, employees, investors and a host of other key stakeholders now get a large part of
their information digitally, our latest study on leadership communications is focused on the increasingly important role
of social media and other online channels for CEOs.


Weber Shandwick’s 2010 study, Socializing Your CEO: From (Un)Social to Social, was one of the earliest quantitative
explorations of CEO engagement through social media. The analysis revealed that the majority of CEOs from the world’s
largest companies – 64% – were not using social media. That is, they were not engaging online with external stakeholders
and thus were missing out on opportunities to deepen their company reputations and customer relations. In mid-2012,
Weber Shandwick refreshed this analysis to reflect the latest online visibility activities of the current crop of top CEOs to
understand how the leaders of the world’s most elite companies are evolving socially.



“ uilding company reputation comes in many forms today. One of the most underutilized ways is for
 B
 CEOs to communicate online where they can efficiently signal that they are listening carefully to
 customers, are curious about how their products or services are being received and that they are
 open and transparent. In a few years, the risk-reward ratio will shift and more CEOs will reap the
 reputational rewards that come along with being social.”
Leslie Gaines-Ross
Chief Reputation Strategist, Weber Shandwick




Socializing Your CEO                                                                                                       Page 2
What we did
From June to August of 2012, Weber Shandwick researched                Weber Shandwick considered a CEO “social” if he
the activities of CEOs from the top 50 companies listed in             or she does at least one of the following:
this year’s Fortune Global 500 rankings (15 CEOs in the U.S.,
21 in Europe, 11 in Asia Pacific and 3 in Latin America).              •	 Engages on the company website through
We audited the following sites to see what opportunities,                 messages, pictures or video
if any, these CEOs are leveraging to engage with external
                                                                       •	 Appears in a video on the company YouTube channel
audiences and compared these results to our 2010 findings:
                                                                       •	 Has a public and verifiable social network
•	 Social networks                                                        account or profile
   (Facebook, Twitter, LinkedIn, Pinterest, Google+,                   •	 Authors an external blog
   regional platforms)

•	 External-facing blogs                                               Note: We did not overlook Wikipedia because it still
•	 Company YouTube channels                                            remains the first stop for information about CEOs (80%).
                                                                       More company leaders have a Wikipedia page today than
•	 Company website homepage/About Us page
                                                                       in 2010 (64%). However, we did not count Wikipedia as a
•	 Company website Careers page                                        form of social engagement. Although this collaborative
                                                                       online encyclopedia makes details about CEOs accessible,
                                                                       articles can be created and edited by anyone, and community
                                                                       rules dictate limited circumstances in which the CEO or
                                                                       communicators can engage.


  Site                          Criteria for Social Inclusion

                                Profile page is visible either through Google search or to those who have Facebook accounts. Page
  Facebook                      includes CEO’s picture and accurate biographical information. Weber Shandwick researched profile
                                information to ascertain legitimacy.
                                Profile is verified by Twitter and marked with official blue badge. If profile is not officially verified,
  Twitter                       it has the CEO’s picture and at least one Tweet. Tweets and accounts followed must realistically be
                                those of the CEO.

                                CEO appears in a video uploaded by his or her company on the firm’s
  Company YouTube channel
                                corporate YouTube channel.

                                Profile is visible through Google search or to those with Basic (non-paying) LinkedIn accounts.
  LinkedIn
                                Profile contains accurate information and current position at company.


  Google+                       Profile has CEO’s picture, accurate position and one additional piece of biographical info.


  Pinterest                     Profile has CEO’s name and picture.


  Blog                          Blog is written under CEO’s name. Can be an internal or external blog.




Socializing Your CEO                                                                                                                         Page 3
Social CEO Vital Stats

             81%       of CEOs of the world’s “most reputable” companies engage socially




             66%       of global CEOs engage socially




             50%       of CEOs have more than just their names on company websites




             40%       of CEOs appear in video




             34%       of CEOs have a presence on company homepages and About Us pages




             18%       of CEOs participate on social networks




             0%        of CEOs have company-affiliated blogs



Socializing Your CEO                                                                   Page 4
Social CEOs: To Be or Not to Be
CEO sociability is on the rise                                 % CEOs engaging through company website,
                                                               video and social networks (2010 vs. 2012)
The sociability of CEOs of the world’s top 50 companies
has risen dramatically over the past two years. In 2010, our
inaugural Socializing Your CEO audit found that 36% of                                   32%                     Company
these elite CEOs were engaging online in some way and this                50%                                    Website
year’s study finds a near-doubling to 66%.

                                                                                               18%
                                                                                                                 Video
“ ur research found a sizable increase in CEO
 O                                                                                 40%
 sociability over the past 24 months. World-class
 CEOs understand that social media is something
                                                                                                16%              Social
 they must pay attention to because that’s
                                                                                               18%               Networks
 where their customers, prospects and other
 stakeholders are increasingly to be found.”                       2010     2012


Micho Spring
                                                               Social begins at home(page)
Global Corporate Practice Chair, Weber Shandwick
                                                               The 50% of CEOs who are visible on their company websites
                                                               are most often visible on their homepages and About
This two-year growth spurt comes from CEOs’ heightened         Us pages (e.g., letters, pictures or video) and with more
visibility on their companies’ websites (32% to 50%) and       of a presence than just the executive’s name. Website
their increased video presence (18% to 40%). This upward       engagement sometimes includes a presence on the Careers
momentum provides evidence that CEOs are slowly but            page or through a video. One company features a picture
decidedly stepping into social waters. They are starting       of its CEO on the homepage with a link to a special CEO
to understand that company websites are the gateways to        page in its press center that holds a collection of speeches,
corporate reputation for now.                                  interviews and high-resolution pictures.

                                                               Using the company website to add context about the CEO
                                                               (biography, point of view, past speeches, multimedia) is a
                                                               first step in socializing a CEO and in some markets, it is the
                                                               pinnacle of sociability. Putting executive communications
                                                               front and center online gives stakeholders a more accessible
                                                               leader and these assets can be easily referenced by search
                                                               engines and linked to from company social channels as
                                                               needed. With stakeholders talking about corporate leaders
                                                               and over half of them basing their opinions on executive
                                                               communications, there is realized opportunity in making
                                                               controlled messages about the CEO easily accessible on a
                                                               company-owned property. As the world becomes increasingly
                                                               more connected, CEOs must continue to embrace technology
                                                               and use it to navigate the seas of change coming their way as
                                                               digital, social and mobile rapidly converge.




Socializing Your CEO                                                                                                  Page 5
Video is the social CEO hotspot
More than ever before, CEOs are using video to promote     Video is a powerful social tool and arguably the next big
their company narratives. An underutilized tool in 2010,   evolution in CEO sociability and transparency.
video was used by only 18% of CEOs. Today, the rate of
video usage has more than doubled, with 40% of CEOs
now appearing in corporate videos. Growth in video is
nearly evenly divided between CEOs appearing in videos     “An increasing number of CEOs will adopt video
on company websites and on corporate YouTube channels.      as a means to humanize their reputations.
                                                            They recognize that being social via video is a
                                                            reputation plus.”
% CEOs engaging through company video                      Leslie Gaines-Ross
(2010 vs. 2012)                                            Chief Reputation Strategist, Weber Shandwick



                                12%
                                               YouTube     There are many advantages to video, including that it can be
                          24%                              scripted and edited easily. CEOs do not have to leave their
                                                           offices to make them and it comes with low risk for making
                                                           mistakes. Additionally, CEO videos are sharable and often
                                                           viewed by thousands of people.
                                14%            Company
                                               Website
                          24%                  Video       Most of the CEO videos in our 2012 audit did not seem
                                                           to be created specifically for YouTube. Instead, most are
                                                           repurposed clips of CEOs at shareholder and quarterly
                                                           results meetings, special award ceremonies or company
                             18%
                                               Video       events. Videos afford a low barrier to sociability because
                  40%                          (NET)
                                                           they do not need to contain original content. However, CEOs
                                                           should aim for more candid than canned shots. Capturing
   2010    2012                                            compelling moments of CEOs on video can be prohibitively
                                                           expensive and time-intensive. Like other media, videos can
                                                           be repackaged through editing and commentary on corporate
                                                           news blogs or website pages, enabling the company to gain
                                                           additional leverage from existing assets.




Socializing Your CEO                                                                                               Page 6
Social networking growth is flat
                                                              “The slow growth in usage of social networks by
Since 2010, CEOs have barely budged in their use of social
                                                              CEOs demonstrates that either CEOs are worried
networks (18% from 16% in 2010). Our research even shows
                                                              about risk or are unsure about the return-on-
a drop in Twitter presence over the past few years among
                                                              investment. We need to recognize, however, that
this elite CEO set. Ten percent of CEOs have a Facebook
                                                              they may also be more comfortable being social
account, the most commonly used social network by CEOs in
                                                              listeners or social intelligence gatherers now than
2012. Few are on Google+ and none have a Pinterest profile.
                                                              social engagers. Social listening may provide CEOs
We also researched whether CEOs were present on networks
                                                              with the knowledge, data and confidence they need
specific to certain regions, such as Weibo in China and
                                                              to open a Facebook page or Twitter account.”
me2day in Korea. No CEO accounts were found on regional
networks.                                                     Chris Perry
                                                              President of Digital Communications, Weber Shandwick



                                                              One CEO from our research shows that you don’t have to be
                                                              very active to be social. This CEO has a Facebook profile but
                                                              directs visitors to the corporate Facebook page for more
                                                              frequent interaction. He may not regularly use his personal
                                                              Facebook account, but he acknowledges the importance of
                                                              engaging with customers online. Simply put, the slow growth
                                                              in CEOs using social media may be masking the fact that
                                                              CEOs recognize that the power of social actually lies in the
                                                              data they can gather as much as any personal participation in
                                                              social media discourse.
% CEOs who have a… or are visible on…



      Biography on                             77%                                     Social           16%
   company website                           72%                               networks (NET)           18%

     Website video/                                                                              4%
                             18%                                                   Facebook
                                                                                                   10%
         Company
   YouTube channel                  40%
                                                                                                      4%
                                                                                    LinkedIn
         Company
                                 28%                                                                   6%
       homepage/
     About us page                 34%
                                                                                      Twitter
                                                                                                  8%
                                                                                                 2%
          Company     n/a
       Careers page         8%                                                                  n/a
                                                                                    Google+
                                                                                                 2%
                      0%
              Blog
                      0%                                                            Pinterest
                                                                                                n/a
                                                                                                0%

                                                                               Other regional   0%
                                                                               social network   0%
    2010   2012




Socializing Your CEO                                                                                                 Page 7
% social CEOs (by region)
“ he third [objective in my role as chairman]
 T
 is to re-establish the credibility of corporate
                                                                                        36%
 leadership in the eyes of the American public…                                                                         Global
 and the only way I can do that is by humanizing                        66%
 the job. And humanizing the job means I have to
 be out there. I have to be available. I have to be                           60%
                                                                                                                        U.S.
 willing to hear the bad, the good, the ugly.”                 80%
Mark Bertolini, CEO, Aetna
On why he uses Twitter, The Wall Street Journal, 2012                                                    12%
                                                                                                                        Europe
                                                                         67%

                                                                 78%
                                                                                                                        APAC
    16% of today’s [U.S.] CEOs use social media                                  55%
    to engage with customers. CEOs expect this                   2010     2012
    number to be 57% in the next few years.
    Leading Through Connections                                European CEOs favor YouTube
    IBM 2012 CEO Study
                                                               CEOs across all regions are equally visible on their company
                                                               websites but social media usage varies by market.
No CEOs have company-affiliated blogs
                                                               U.S., European and APAC CEOs nearly equally engage through
As was the case in 2010, none of the CEOs in our study         their corporate websites. When it comes to social media,
have blogs under their own names. Weber Shandwick was          however, APAC CEOs are much less likely to participate
interested in blogs written exclusively by CEOs and did not    compared to their regional peers.
consider blogs that feature CEOs as guest writers. While we
were not able to find any accounts, it is possible that some   % CEOs engaging through company websites,
CEOs have private blogs or blogs written under an alias. It    YouTube and social networks in 2012 (by region)
is quite possible that they are reading other people’s blogs
although still not ready to write their own.                                     53%
                                                                                                         13%            U.S.
Level of sociability varies around the world –                                          40%
U.S. CEOs lead global peers
U.S. CEOs surpass those headquartered in Europe and APAC                            48%
in sociability although Europeans demonstrate the greatest
                                                                                          38%                           Europe
increase in online engagement between 2010 and 2012.
CEOs in APAC are less social in 2012 than they were in 2010                                            14%
and are also less social than those in the U.S. and Europe.

                                                                                 55%
                                                                                                     18%                APAC
                                                                                                                   0%
                                                                  Company Website      YouTube   Social Networks




Socializing Your CEO                                                                                                           Page 8
U.S. CEOs are the most likely to be on social networks (40%)   CEO sociability increases with CEO tenure
while European CEOs are the most likely to be on YouTube
(38%). No CEOs in our study from either APAC or Latin          Newer CEOs continue to lag their more tenured peers when
America have social network accounts. Since CEOs from          it comes to online engagement. As we discovered in 2010,
APAC are just as likely as their peers to engage through the   more tenured CEOs (in office more than three years) are
company website, it is possible that different regions may     more social than those in office three years or less (79%
have different standards ofsociability or are at different     vs. 48%, respectively).
stages of social maturity.
                                                               The reluctance of many new CEOs to add social media to
                                                               their traditional communications toolkit is puzzling. When
                                                               a CEO is new to the job, speed and engaging a wide portfolio
    U.S. Fortune Global 50 CEOs are                            of stakeholders are of the highest priority to rapidly earn
    more social                                                support and rally confidence in their leadership. Perhaps the
    Given the greater U.S. propensity to be social,            more tenured a CEO is, the less risk averse they are and the
    we took a look at a broader sample of U.S. CEOs            more comfortable they are stepping outside the box when it
    (the top 50 U.S. CEOs from the Fortune Global              comes to adopting non-traditional communications methods,
    500 list) and found:                                       including using social media.

    • 58% of the top U.S. CEOs are social                      % social CEOs (by CEO tenure)

    • The top 50 U.S. CEOs have a greater presence
      than Fortune Global 50 CEOs on YouTube (30%
                                                                                           30%
      vs. 24%, respectively) and on social networks                                                             3 years
                                                                                                                or less
      (26% vs. 18%, respectively)                                                48%

    • Four in 10 top U.S. CEOs appear in a corporate
      video, either on the company website or
      company YouTube channel, which is the same
      rate of engagement as the top global CEOs.
                                                                                     41%                        More than
                                                                79%                                             3 years




                                                                 2010    2012




Socializing Your CEO                                                                                                      Page 9
Social CEOs lead Most Admired companies*                          % CEOs engaging through websites or in social media
                                                                  (by company reputation status)
CEOs of the world’s most reputable companies consistently
demonstrate greater online engagement than peers at less
reputable companies. Eight in 10 CEOs from Most Admired
                                                                                         41%                        Most
companies (81%) engage through company websites or in                                                               Admired
                                                                  81%
social media, compared to 50% of those from less reputable
or “contender” companies worldwide.
                                                                                               28%
                                                                                                                    Contender
The growth in engagement among CEOs at Most Admired                                50%
companies exceeds the growth in engagement among CEOs
at contender firms. While contender company CEOs are                2010    2012
more social in 2012 than they were in 2010 (50% vs. 28%,
respectively), Most Admired company CEOs essentially              Fake social network profiles on the rise
doubled their sociability in the past few years. Most Admired
company CEOs may more acutely recognize the relationship          A startling issue that we more frequently came across this
between social media engagement and positive reputation           year compared to 2010 is the abundance of fake social
and the importance of having a dialogue with customers            network accounts. Weber Shandwick found many accounts
despite the risks.                                                that contained inaccurate or false information about CEOs or
                                                                  companies, and in some cases, multiple accounts all claiming
                                                                  to be the same CEO. We also found a number of social
“Most Admired company CEOs may be more                            network profiles that did not contain enough information for
social than contender CEOs because they                           us to confirm their legitimacy.
ultimately recognize the fundamental sales and
marketing benefits that engaging online brings to                 Phony and unverifiable accounts pose serious problems
reputation.”                                                      for companies. Stakeholders looking for information about
                                                                  a CEO may not have the resources or the know-how to
Chris Perry                                                       separate the real profiles from the fakes. With illegitimate
President of Digital Communications, Weber Shandwick
                                                                  profiles more rampant than in years past, stakeholders may
                                                                  walk away with false information about a company, putting
                                                                  corporate reputation at considerable risk.
Most Admired company CEOs may be more social than
contender CEOs in fully integrating social into their executive
corporate communications strategy and processes. Having
a social mindset today has to extend from the CEO’s office
down to the executive and communications teams. Reputable
companies appear to understand the need to embed social
media in all its communications operations better than most.




*  ased on FORTUNE World’s Most Admired Companies rankings
  B

Socializing Your CEO                                                                                                    Page 10
CEO’s Guide to Social Engagement
With the reputation of corporate leaders in doubt as the economy struggled in recent years
and corporate crises abounded, CEOs need to take greater charge of their communications,
both online and offline. Weber Shandwick recommends that companies and their executives
adopt the following strategies to optimize their online storytelling to help bolster their
company reputations, engage with customers and attract the best talent:

•	 Develop a social strategy and take the conversation online. CEOs are part of the online
   conversation whether they choose to engage or not. CEOs have the power to enhance
   their reputations by becoming a part of the online conversation. They do not have to
   go all-out socially, but having some social presence is beneficial. Social “lite”might just
   be enough.

•	 Start small. CEOs don’t have to use all social platforms to have an online presence – the
   quality of engagement is more important than the quantity of social accounts. One company
   in our research set up a Twitter page with the CEO’s name and directs visitors to the
   corporate Twitter page where people can scan for Tweets sent directly from the CEO.
   The CEO doesn’t use his own account often, but visitors know where to go when they want
   to find out more about what he has to say.

•	 Give the company a face. Don’t hide your CEO. Put his or her face on the company homepage.
   The homepage is valuable real estate. Something as simple as a picture makes the CEO
   a more familiar, human figure and a CEO message on the homepage has the potential to
   spread executive communications to a wider audience. Remember that CEO sociability is
   more about enhancing CEO credibility than celebrity. We recognize that some markets may
   be more sensitive to security issues, and in this case, may be more comfortable using
   a message from the CEO instead of a picture.

•	 Encourage CEO social listening. Not every CEO is ready to be creating content online or
   opining on Facebook. However, CEOs should be encouraged to use social media by listening
   and watching. Social media is an excellent way to gather real time data on customers,
   competitors, the industry and other stakeholders and to gain confidence in socially engaging
   in time. CEOs should receive regular reports that use social media observations in order to
   increase comfort levels with the medium and demand the same for their teams. Social media
   reporting or social business intelligence should be on board agendas as well.




Socializing Your CEO                                                                         Page 11
•	 Continue to take advantage of video. Video offers CEOs a big step forward in getting social.
   It humanizes executives and makes them appear accessible. Video, unlike most traditional
   communications, allows CEOs to show emotion and nuance. Videos don’t need to be created
   specifically for the company website or YouTube; compile footage that the company already
   has – whether it is interviews, press conferences, town hall meetings or CEO keynote –
   and make it available online. The more candid than canned the better. Repurposing CEO
   communications is ideal for video. With 40% of top CEOs already using video on their
   corporate websites or YouTube channels, video may soon become the default channel for
   executive storytelling.

•	 New CEOs should be social from Day One. The company homepage or elsewhere on the
   site is excellent real estate for new CEOs wanting to be social and hit the ground running.
   A brief message, quote or picture introducing the new CEO to visitors alerts the public of
   recent management changes and places the CEO’s name and early communications front
   and center. If there ever was a time for the CEO to be in the spotlight and get information
   distributed on social channels, it is at the start of his or her tenure when stakeholders are
   most curious about new CEO intentions and expectations. Social media holds tremendous
   promise for new CEOs looking to quickly, efficiently and effectively reach out and touch
   stakeholders directly.

•	 Monitor your CEO’s Wikipedia page. CEOs are more widely represented on Wikipedia than
   any other platform. CEOs and their communications teams should at least be aware of what
   is being said and if there is misleading or incorrect information, follow the strict guidelines
   for requesting content changes from Wikipedia editors.

•	 If your CEO has an account, flaunt it. Some CEOs are difficult to find online. If your CEO
   is online, make it easy to find his or her profile. Link to and from your company website to
   maximize site visits and include your company name and the word “CEO” in the biography
   section to boost the profile in search results.

•	 Phony CEO social network profiles are abundant – be vigilant. It’s not always easy to tell
   the real from the fake social network profiles. Stakeholders are at risk of walking away from
   their screens with false or even damaging information about a CEO. If your CEO does have
   a profile on a social network, make it obvious that it’s real or include the phrase “Official
   Account.” If your CEO doesn’t have a profile and is not yet comfortable with making one,
   set up a page with his or her name and direct visitors to your company’s social profile.
   This way, your CEO is accounted for.




Socializing Your CEO                                                                         Page 12
For more information


For more information about
‘Socializing Your CEO II,’
please contact:

ThoughtLeadership@webershandwick.com

Leslie Gaines-Ross
Chief Reputation Strategist
lgaines-ross@webershandwick.com

Chris Perry
President, Digital Communications
cperry@webershandwick.com

James Warren
Chief Digital Strategist, Europe
jwarren@webershandwick.com

Jon Wade
Head of Digital Practice, Asia Pacific
jwade@webershandwick.com


For more sources on Social CEOs, please visit:
Weber Shandwick’s Socializing Your CEO 2010
Domo
BRANDfog
IBM CEO Study




You can also visit:
www.webershandwick.com

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웨버 샌드윅 리포트 Socializing Your CEO II

  • 1. Socializing Your CEO II Executive Summary Socializing Your CEO Page 1
  • 2. Socializing Your CEO II Introduction CEO reputation has serious implications for business success today. Recent research by global public relations firm Weber Shandwick and KRC Research, The Company behind the Brand: In Reputation We Trust, found that a full two-thirds (66%) of consumers say that their perceptions of CEOs affect their opinions of companies and the products they sell. Executives, too, recognize the importance of leadership reputation – they attribute nearly one-half (49%) of a company’s reputation to the CEO’s reputation. Without any doubt, executive leadership is critical to burnishing the overall reputation of organizations today, as a large 60% of a company’s market value is attributed to its reputation. Whereas years ago consumers were not so attuned to CEOs, this is no longer the case. With the always-on access and reach of the Internet, leadership is very much on consumers’ radar screens. Our research found that nearly three in 10 global consumers (28%) often talk about company leaders with others and twice as many (59%) say their opinions about companies are influenced by what these executives communicate. Clearly, getting executive messaging into consumers’ conversations helps shape corporate reputation and consequently, a company’s bottom line. Due to this inextricable link between CEO and company reputation and reputation’s sizable impact on company value, Weber Shandwick takes a keen interest on behalf of our clients to better understand how CEOs tell their company story internally and externally, online and offline, in-person and virtually. Because we recognize that consumers, customers, journalists, supply chain partners, employees, investors and a host of other key stakeholders now get a large part of their information digitally, our latest study on leadership communications is focused on the increasingly important role of social media and other online channels for CEOs. Weber Shandwick’s 2010 study, Socializing Your CEO: From (Un)Social to Social, was one of the earliest quantitative explorations of CEO engagement through social media. The analysis revealed that the majority of CEOs from the world’s largest companies – 64% – were not using social media. That is, they were not engaging online with external stakeholders and thus were missing out on opportunities to deepen their company reputations and customer relations. In mid-2012, Weber Shandwick refreshed this analysis to reflect the latest online visibility activities of the current crop of top CEOs to understand how the leaders of the world’s most elite companies are evolving socially. “ uilding company reputation comes in many forms today. One of the most underutilized ways is for B CEOs to communicate online where they can efficiently signal that they are listening carefully to customers, are curious about how their products or services are being received and that they are open and transparent. In a few years, the risk-reward ratio will shift and more CEOs will reap the reputational rewards that come along with being social.” Leslie Gaines-Ross Chief Reputation Strategist, Weber Shandwick Socializing Your CEO Page 2
  • 3. What we did From June to August of 2012, Weber Shandwick researched Weber Shandwick considered a CEO “social” if he the activities of CEOs from the top 50 companies listed in or she does at least one of the following: this year’s Fortune Global 500 rankings (15 CEOs in the U.S., 21 in Europe, 11 in Asia Pacific and 3 in Latin America). • Engages on the company website through We audited the following sites to see what opportunities, messages, pictures or video if any, these CEOs are leveraging to engage with external • Appears in a video on the company YouTube channel audiences and compared these results to our 2010 findings: • Has a public and verifiable social network • Social networks account or profile (Facebook, Twitter, LinkedIn, Pinterest, Google+, • Authors an external blog regional platforms) • External-facing blogs Note: We did not overlook Wikipedia because it still • Company YouTube channels remains the first stop for information about CEOs (80%). More company leaders have a Wikipedia page today than • Company website homepage/About Us page in 2010 (64%). However, we did not count Wikipedia as a • Company website Careers page form of social engagement. Although this collaborative online encyclopedia makes details about CEOs accessible, articles can be created and edited by anyone, and community rules dictate limited circumstances in which the CEO or communicators can engage. Site Criteria for Social Inclusion Profile page is visible either through Google search or to those who have Facebook accounts. Page Facebook includes CEO’s picture and accurate biographical information. Weber Shandwick researched profile information to ascertain legitimacy. Profile is verified by Twitter and marked with official blue badge. If profile is not officially verified, Twitter it has the CEO’s picture and at least one Tweet. Tweets and accounts followed must realistically be those of the CEO. CEO appears in a video uploaded by his or her company on the firm’s Company YouTube channel corporate YouTube channel. Profile is visible through Google search or to those with Basic (non-paying) LinkedIn accounts. LinkedIn Profile contains accurate information and current position at company. Google+ Profile has CEO’s picture, accurate position and one additional piece of biographical info. Pinterest Profile has CEO’s name and picture. Blog Blog is written under CEO’s name. Can be an internal or external blog. Socializing Your CEO Page 3
  • 4. Social CEO Vital Stats 81% of CEOs of the world’s “most reputable” companies engage socially 66% of global CEOs engage socially 50% of CEOs have more than just their names on company websites 40% of CEOs appear in video 34% of CEOs have a presence on company homepages and About Us pages 18% of CEOs participate on social networks 0% of CEOs have company-affiliated blogs Socializing Your CEO Page 4
  • 5. Social CEOs: To Be or Not to Be CEO sociability is on the rise % CEOs engaging through company website, video and social networks (2010 vs. 2012) The sociability of CEOs of the world’s top 50 companies has risen dramatically over the past two years. In 2010, our inaugural Socializing Your CEO audit found that 36% of 32% Company these elite CEOs were engaging online in some way and this 50% Website year’s study finds a near-doubling to 66%. 18% Video “ ur research found a sizable increase in CEO O 40% sociability over the past 24 months. World-class CEOs understand that social media is something 16% Social they must pay attention to because that’s 18% Networks where their customers, prospects and other stakeholders are increasingly to be found.” 2010 2012 Micho Spring Social begins at home(page) Global Corporate Practice Chair, Weber Shandwick The 50% of CEOs who are visible on their company websites are most often visible on their homepages and About This two-year growth spurt comes from CEOs’ heightened Us pages (e.g., letters, pictures or video) and with more visibility on their companies’ websites (32% to 50%) and of a presence than just the executive’s name. Website their increased video presence (18% to 40%). This upward engagement sometimes includes a presence on the Careers momentum provides evidence that CEOs are slowly but page or through a video. One company features a picture decidedly stepping into social waters. They are starting of its CEO on the homepage with a link to a special CEO to understand that company websites are the gateways to page in its press center that holds a collection of speeches, corporate reputation for now. interviews and high-resolution pictures. Using the company website to add context about the CEO (biography, point of view, past speeches, multimedia) is a first step in socializing a CEO and in some markets, it is the pinnacle of sociability. Putting executive communications front and center online gives stakeholders a more accessible leader and these assets can be easily referenced by search engines and linked to from company social channels as needed. With stakeholders talking about corporate leaders and over half of them basing their opinions on executive communications, there is realized opportunity in making controlled messages about the CEO easily accessible on a company-owned property. As the world becomes increasingly more connected, CEOs must continue to embrace technology and use it to navigate the seas of change coming their way as digital, social and mobile rapidly converge. Socializing Your CEO Page 5
  • 6. Video is the social CEO hotspot More than ever before, CEOs are using video to promote Video is a powerful social tool and arguably the next big their company narratives. An underutilized tool in 2010, evolution in CEO sociability and transparency. video was used by only 18% of CEOs. Today, the rate of video usage has more than doubled, with 40% of CEOs now appearing in corporate videos. Growth in video is nearly evenly divided between CEOs appearing in videos “An increasing number of CEOs will adopt video on company websites and on corporate YouTube channels. as a means to humanize their reputations. They recognize that being social via video is a reputation plus.” % CEOs engaging through company video Leslie Gaines-Ross (2010 vs. 2012) Chief Reputation Strategist, Weber Shandwick 12% YouTube There are many advantages to video, including that it can be 24% scripted and edited easily. CEOs do not have to leave their offices to make them and it comes with low risk for making mistakes. Additionally, CEO videos are sharable and often viewed by thousands of people. 14% Company Website 24% Video Most of the CEO videos in our 2012 audit did not seem to be created specifically for YouTube. Instead, most are repurposed clips of CEOs at shareholder and quarterly results meetings, special award ceremonies or company 18% Video events. Videos afford a low barrier to sociability because 40% (NET) they do not need to contain original content. However, CEOs should aim for more candid than canned shots. Capturing 2010 2012 compelling moments of CEOs on video can be prohibitively expensive and time-intensive. Like other media, videos can be repackaged through editing and commentary on corporate news blogs or website pages, enabling the company to gain additional leverage from existing assets. Socializing Your CEO Page 6
  • 7. Social networking growth is flat “The slow growth in usage of social networks by Since 2010, CEOs have barely budged in their use of social CEOs demonstrates that either CEOs are worried networks (18% from 16% in 2010). Our research even shows about risk or are unsure about the return-on- a drop in Twitter presence over the past few years among investment. We need to recognize, however, that this elite CEO set. Ten percent of CEOs have a Facebook they may also be more comfortable being social account, the most commonly used social network by CEOs in listeners or social intelligence gatherers now than 2012. Few are on Google+ and none have a Pinterest profile. social engagers. Social listening may provide CEOs We also researched whether CEOs were present on networks with the knowledge, data and confidence they need specific to certain regions, such as Weibo in China and to open a Facebook page or Twitter account.” me2day in Korea. No CEO accounts were found on regional networks. Chris Perry President of Digital Communications, Weber Shandwick One CEO from our research shows that you don’t have to be very active to be social. This CEO has a Facebook profile but directs visitors to the corporate Facebook page for more frequent interaction. He may not regularly use his personal Facebook account, but he acknowledges the importance of engaging with customers online. Simply put, the slow growth in CEOs using social media may be masking the fact that CEOs recognize that the power of social actually lies in the data they can gather as much as any personal participation in social media discourse. % CEOs who have a… or are visible on… Biography on 77% Social 16% company website 72% networks (NET) 18% Website video/ 4% 18% Facebook 10% Company YouTube channel 40% 4% LinkedIn Company 28% 6% homepage/ About us page 34% Twitter 8% 2% Company n/a Careers page 8% n/a Google+ 2% 0% Blog 0% Pinterest n/a 0% Other regional 0% social network 0% 2010 2012 Socializing Your CEO Page 7
  • 8. % social CEOs (by region) “ he third [objective in my role as chairman] T is to re-establish the credibility of corporate 36% leadership in the eyes of the American public… Global and the only way I can do that is by humanizing 66% the job. And humanizing the job means I have to be out there. I have to be available. I have to be 60% U.S. willing to hear the bad, the good, the ugly.” 80% Mark Bertolini, CEO, Aetna On why he uses Twitter, The Wall Street Journal, 2012 12% Europe 67% 78% APAC 16% of today’s [U.S.] CEOs use social media 55% to engage with customers. CEOs expect this 2010 2012 number to be 57% in the next few years. Leading Through Connections European CEOs favor YouTube IBM 2012 CEO Study CEOs across all regions are equally visible on their company websites but social media usage varies by market. No CEOs have company-affiliated blogs U.S., European and APAC CEOs nearly equally engage through As was the case in 2010, none of the CEOs in our study their corporate websites. When it comes to social media, have blogs under their own names. Weber Shandwick was however, APAC CEOs are much less likely to participate interested in blogs written exclusively by CEOs and did not compared to their regional peers. consider blogs that feature CEOs as guest writers. While we were not able to find any accounts, it is possible that some % CEOs engaging through company websites, CEOs have private blogs or blogs written under an alias. It YouTube and social networks in 2012 (by region) is quite possible that they are reading other people’s blogs although still not ready to write their own. 53% 13% U.S. Level of sociability varies around the world – 40% U.S. CEOs lead global peers U.S. CEOs surpass those headquartered in Europe and APAC 48% in sociability although Europeans demonstrate the greatest 38% Europe increase in online engagement between 2010 and 2012. CEOs in APAC are less social in 2012 than they were in 2010 14% and are also less social than those in the U.S. and Europe. 55% 18% APAC 0% Company Website YouTube Social Networks Socializing Your CEO Page 8
  • 9. U.S. CEOs are the most likely to be on social networks (40%) CEO sociability increases with CEO tenure while European CEOs are the most likely to be on YouTube (38%). No CEOs in our study from either APAC or Latin Newer CEOs continue to lag their more tenured peers when America have social network accounts. Since CEOs from it comes to online engagement. As we discovered in 2010, APAC are just as likely as their peers to engage through the more tenured CEOs (in office more than three years) are company website, it is possible that different regions may more social than those in office three years or less (79% have different standards ofsociability or are at different vs. 48%, respectively). stages of social maturity. The reluctance of many new CEOs to add social media to their traditional communications toolkit is puzzling. When a CEO is new to the job, speed and engaging a wide portfolio U.S. Fortune Global 50 CEOs are of stakeholders are of the highest priority to rapidly earn more social support and rally confidence in their leadership. Perhaps the Given the greater U.S. propensity to be social, more tenured a CEO is, the less risk averse they are and the we took a look at a broader sample of U.S. CEOs more comfortable they are stepping outside the box when it (the top 50 U.S. CEOs from the Fortune Global comes to adopting non-traditional communications methods, 500 list) and found: including using social media. • 58% of the top U.S. CEOs are social % social CEOs (by CEO tenure) • The top 50 U.S. CEOs have a greater presence than Fortune Global 50 CEOs on YouTube (30% 30% vs. 24%, respectively) and on social networks 3 years or less (26% vs. 18%, respectively) 48% • Four in 10 top U.S. CEOs appear in a corporate video, either on the company website or company YouTube channel, which is the same rate of engagement as the top global CEOs. 41% More than 79% 3 years 2010 2012 Socializing Your CEO Page 9
  • 10. Social CEOs lead Most Admired companies* % CEOs engaging through websites or in social media (by company reputation status) CEOs of the world’s most reputable companies consistently demonstrate greater online engagement than peers at less reputable companies. Eight in 10 CEOs from Most Admired 41% Most companies (81%) engage through company websites or in Admired 81% social media, compared to 50% of those from less reputable or “contender” companies worldwide. 28% Contender The growth in engagement among CEOs at Most Admired 50% companies exceeds the growth in engagement among CEOs at contender firms. While contender company CEOs are 2010 2012 more social in 2012 than they were in 2010 (50% vs. 28%, respectively), Most Admired company CEOs essentially Fake social network profiles on the rise doubled their sociability in the past few years. Most Admired company CEOs may more acutely recognize the relationship A startling issue that we more frequently came across this between social media engagement and positive reputation year compared to 2010 is the abundance of fake social and the importance of having a dialogue with customers network accounts. Weber Shandwick found many accounts despite the risks. that contained inaccurate or false information about CEOs or companies, and in some cases, multiple accounts all claiming to be the same CEO. We also found a number of social “Most Admired company CEOs may be more network profiles that did not contain enough information for social than contender CEOs because they us to confirm their legitimacy. ultimately recognize the fundamental sales and marketing benefits that engaging online brings to Phony and unverifiable accounts pose serious problems reputation.” for companies. Stakeholders looking for information about a CEO may not have the resources or the know-how to Chris Perry separate the real profiles from the fakes. With illegitimate President of Digital Communications, Weber Shandwick profiles more rampant than in years past, stakeholders may walk away with false information about a company, putting corporate reputation at considerable risk. Most Admired company CEOs may be more social than contender CEOs in fully integrating social into their executive corporate communications strategy and processes. Having a social mindset today has to extend from the CEO’s office down to the executive and communications teams. Reputable companies appear to understand the need to embed social media in all its communications operations better than most. * ased on FORTUNE World’s Most Admired Companies rankings B Socializing Your CEO Page 10
  • 11. CEO’s Guide to Social Engagement With the reputation of corporate leaders in doubt as the economy struggled in recent years and corporate crises abounded, CEOs need to take greater charge of their communications, both online and offline. Weber Shandwick recommends that companies and their executives adopt the following strategies to optimize their online storytelling to help bolster their company reputations, engage with customers and attract the best talent: • Develop a social strategy and take the conversation online. CEOs are part of the online conversation whether they choose to engage or not. CEOs have the power to enhance their reputations by becoming a part of the online conversation. They do not have to go all-out socially, but having some social presence is beneficial. Social “lite”might just be enough. • Start small. CEOs don’t have to use all social platforms to have an online presence – the quality of engagement is more important than the quantity of social accounts. One company in our research set up a Twitter page with the CEO’s name and directs visitors to the corporate Twitter page where people can scan for Tweets sent directly from the CEO. The CEO doesn’t use his own account often, but visitors know where to go when they want to find out more about what he has to say. • Give the company a face. Don’t hide your CEO. Put his or her face on the company homepage. The homepage is valuable real estate. Something as simple as a picture makes the CEO a more familiar, human figure and a CEO message on the homepage has the potential to spread executive communications to a wider audience. Remember that CEO sociability is more about enhancing CEO credibility than celebrity. We recognize that some markets may be more sensitive to security issues, and in this case, may be more comfortable using a message from the CEO instead of a picture. • Encourage CEO social listening. Not every CEO is ready to be creating content online or opining on Facebook. However, CEOs should be encouraged to use social media by listening and watching. Social media is an excellent way to gather real time data on customers, competitors, the industry and other stakeholders and to gain confidence in socially engaging in time. CEOs should receive regular reports that use social media observations in order to increase comfort levels with the medium and demand the same for their teams. Social media reporting or social business intelligence should be on board agendas as well. Socializing Your CEO Page 11
  • 12. • Continue to take advantage of video. Video offers CEOs a big step forward in getting social. It humanizes executives and makes them appear accessible. Video, unlike most traditional communications, allows CEOs to show emotion and nuance. Videos don’t need to be created specifically for the company website or YouTube; compile footage that the company already has – whether it is interviews, press conferences, town hall meetings or CEO keynote – and make it available online. The more candid than canned the better. Repurposing CEO communications is ideal for video. With 40% of top CEOs already using video on their corporate websites or YouTube channels, video may soon become the default channel for executive storytelling. • New CEOs should be social from Day One. The company homepage or elsewhere on the site is excellent real estate for new CEOs wanting to be social and hit the ground running. A brief message, quote or picture introducing the new CEO to visitors alerts the public of recent management changes and places the CEO’s name and early communications front and center. If there ever was a time for the CEO to be in the spotlight and get information distributed on social channels, it is at the start of his or her tenure when stakeholders are most curious about new CEO intentions and expectations. Social media holds tremendous promise for new CEOs looking to quickly, efficiently and effectively reach out and touch stakeholders directly. • Monitor your CEO’s Wikipedia page. CEOs are more widely represented on Wikipedia than any other platform. CEOs and their communications teams should at least be aware of what is being said and if there is misleading or incorrect information, follow the strict guidelines for requesting content changes from Wikipedia editors. • If your CEO has an account, flaunt it. Some CEOs are difficult to find online. If your CEO is online, make it easy to find his or her profile. Link to and from your company website to maximize site visits and include your company name and the word “CEO” in the biography section to boost the profile in search results. • Phony CEO social network profiles are abundant – be vigilant. It’s not always easy to tell the real from the fake social network profiles. Stakeholders are at risk of walking away from their screens with false or even damaging information about a CEO. If your CEO does have a profile on a social network, make it obvious that it’s real or include the phrase “Official Account.” If your CEO doesn’t have a profile and is not yet comfortable with making one, set up a page with his or her name and direct visitors to your company’s social profile. This way, your CEO is accounted for. Socializing Your CEO Page 12
  • 13. For more information For more information about ‘Socializing Your CEO II,’ please contact: ThoughtLeadership@webershandwick.com Leslie Gaines-Ross Chief Reputation Strategist lgaines-ross@webershandwick.com Chris Perry President, Digital Communications cperry@webershandwick.com James Warren Chief Digital Strategist, Europe jwarren@webershandwick.com Jon Wade Head of Digital Practice, Asia Pacific jwade@webershandwick.com For more sources on Social CEOs, please visit: Weber Shandwick’s Socializing Your CEO 2010 Domo BRANDfog IBM CEO Study You can also visit: www.webershandwick.com