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#socialceo
SEPTEMBER 2014
Our annual look at trends in
engagement of Fortune 500 CEOs
across the major social media
networks.
2014SOCIAL
CEO REPORT
Now in its third year, the Domo + CEO.com
Annual Social CEO Report explores adoption,
activity and attitudes around social media
among elite business leaders.
• A whopping 68% of Fortune 500 CEOs have no
social media presence at all.
• Of those who do, 2/3 of them engage on only
one platform.
• 74% of CEOs who only participate in a single
network .
• 42 F500 CEOs currently have Twitter accounts.
69% of them are active, having posted within the
last 100 days.
• Ready to be shocked? More top CEOs are now on
Instagram than Google+.
EXECUTIVE SUMMARY Inside
MAJORFINDINGS 5
TWITTER 14
FACEBOOK 18
LINKEDIN 21
GOOGLE+ 26
INSTAGRAM 30
ABOUTTHERESEARCH 33
INTRODUCTION
It’s 2014 and the Fortune 500 CEOs are starting to get the message: sociability
of the world’s business leaders are using social media to boost their companies’ brands.
According to new research from Domo and
CEO.com, more business leaders than ever before
are jumping into social media but they aren’t
necessarily taking full advantage of these tools. Even
though CEOs are getting the big picture when it
comes to social media, .
So how are today’s CEOs engaging with the public online? Which social media
platforms are getting the most attention? Have social habits changed over the
past year or have they stayed pretty much the same? This report answers
some of those questions.
HOW WE DID IT
every single CEO on the
Fortune 500 list
Google Plus and Instagram. We weighed the legitimacy of these social
You can read more about our methodology at the end of the report.
MAJOR FINDINGS
#socialceo
A whopping 68% of CEOs have
no social presence on any major
network (Twitter, Facebook,
Our research showed an uptick
in CEOs who had Twitter and
Facebook accounts. LinkedIn,
on the other hand, didn’t get
much love this year. In keeping
with last year, Google+ remains
a desolate wasteland.
Most of the networks we track showed
year-over-year gains.
0
30
60
90
120
150
(no data)
2014
2013
2012
N/A
+46% +23%
-8%
+60%
OF THOSE CEOs WHO USE
SOCIAL MEDIA, OVER 2/3 OF THEM
ARE ONLY ON ONE PLATFORM.
1 Network
2 Networks
3 Networks
4 Networks
5 Networks
Mark Zuckerberg is the only F500
CEO on all 5 major networks.
# of CEOs on...
What’s bringing down these averages? Younger CEOs
are on more social networks than their older peers.
Think Twitter belongs to Millennials? Think
again. On average, CEOs on Twitter are nearly
5 years older than CEOs who are on Google+.
56.8OVERALL AVERAGE AGE
56.7
57.9
52.6
42.1
CEOs on
Network
CEOs on
Networks
CEOs on
Networks
55.5
56.2
51.9
52.4
Age of F500 CEOs on Social Media Networks:
1 2 4+
Rupert Murdoch is our favorite octogenarian tweeter.
TWITTER
#socialceo
HERE’S THE GOOD NEWS:
CEOs ARE STARTING TO REALIZE
THE VALUE OF TWITTER.
There are currently 42
F500 CEOs on Twitter,
up from last year’s 28.
Jonas Prising has been on Twitter the
longest, at nearly six years.
8.3%
Twitter
At Least 1
Network
No Social
Media
Presence
TWITTER
It seems unlikely that CEOs are padding
their follower count by purchasing fake
followers. Instead, CEOs are probably
being targeted by spam accounts
Either way, one thing is clear: Quality
outweighs quantity when it comes to
Twitter engagement.
3,696,637
34%
TOP FAKERS
25%
20%
WARREN BUFFETT
Berkshire-Hathaway
MARKZUCKERBERG
Facebook
RUPERTMURDOCH
News Corporation
By contrast top celebrities on Twitter
(Ellen DeGeneres, Lady Gaga, Oprah,
Rihanna and the like) have an
average of 30.4% fake followers.
F500 CEOs on Twitter have a
combined follower total of
Average % of fake Twitter followers:
...of those
3.6M,
11.5% are
fake
TWITTER
Almost half of the active* CEOs on
Twitter tweet once a month or less.
TWITTER
Overall, 69% of Twitter CEOs are active on the platform
Exactly half of CEOs
on Twitter have fewer
than 100 total tweets.
The most active F500 CEO
tweeter sends an average
of 4.82 tweets/day.
50%
69% Active CEOs tweet about every other
day (0.48 tweets/day, little changed
from last year’s 0.49/day)
5 CEOs on Twitter
have never tweeted
That’s 10x the overall
average of .48 tweets
per day.
TWITTER
JACK SALZWEDEL
American Family
74% OF CEOs ON TWITTER
HAVE ENGAGEMENT SCORES
OF LESS THAN 10/100.
The average CEO on
Twitter tweets 20% links,
11% replies and had their
top tweet RT’d 1340 times.
26% of CEOs used @mentions
in 1 in 5 tweets or more.
MICHAEL RAPINORALPH LAUREN
MARK BERTOLINIF500 AVERAGE
TWITTER
Links
Replies
Other
So, where did the growth come from?
SATYA NADELLA
Microsoft
DAVID ZASLAV
Discovery Communications
CURRENT F500
CEOs JOINING
TWITTER
NEW F500
CEOs ON TWITTER
ALREADY
COMPANIES NEW
TO F500 w/CEOs
ON TWITTER
TIM COOK
Apple
TWITTER
As the new face of Microsoft,
Satya Nadella is responsible
for revamping the company’s
image. After four years of
radio silence on Twitter,
Nadella started tweeting again:
Twitter All-Stars of the Fortune 500...
MOST
FOLLOWERS
-3158
844,731
-3110
FASTEST-GROWING
FOLLOWING
BIGGEST FOLLOWER LOSSES
MEG WHITMAN
Hewlett-Packard
JONAS PRISING
Manpower
WARREN BUFFETT
Berkshire-Hathaway
HIKMET ERSEK
Western Union
Almost 10x the CEO
average of 87,827!
+4,529%
Average follower
#s went up by
about 27%
TWITTER
FACEBOOK
#socialceo
ONCE AN EXCLUSIVE SPACE FOR
COLLEGE STUDENTS, FACEBOOK IS NOW
A HUB FOR BUSINESSES AND BRANDS.
8.3% of CEOs have
Facebook accounts,
up from 7% last year.
Meg Whitman is the only F500 CEO with
a fan page that hasn’t been updated for
more than 100 days.
Twitter
At Least 1
Network
No Social
Media
Presence
FACEBOOK
Of the CEOs on Facebook, 6 maintain
, 21 have semi-private
accounts, and 14 use private accounts.
FAN
SEMI-PRIVATE
*non-fan pages with
publicly-viewable content
PRIVATE
FACEBOOK
MEG WHITMAN
Hewlett-Packard
210,382
followers
ALAN MULLALY
Ford Motor Company
10,560
followers
MARK ZUCKERBERG
Facebook
29,001,188
followers
MICHAEL JACKSON
AutoNation
305
followers
JOHN CHAMBERS
Cisco Systems
10,268
followers
SATYA NADELLA
Microsoft
49,906
followers
LINKEDIN
#socialceo
THE PERCENTAGE OF CEOs ON
LINKEDIN THIS YEAR IS SMALLER,
BUT THEY SEEM TO BE MORE ACTIVE.
25.4% of CEOs have
in the past year.
Twitter
At Least 1
Network
No Social
Media
Presence
LINKEDIN
JAMIE DIMON
JP Morgan
GARY KELLY
Southwest Airlines
MILES WHITE
Abbott Laboratories
KLAUS KLEINFELD
Alcoa
IAN READ ANDREW LIVERIS
Dow Chemical
TIMOTHY
MAYOLOULOS
Fannie Mae
ARNE SORENSON
Marriott International
LAURENCE FINK
BlackRock
DENISE MORRISON
Campbell Soup
WALTER
BETTINGER
Charles Schwab
JOHN DONAHOE
eBay
JEFFREY IMMELT
General Electric
ALEX MOLINAROLI
Johnson Controls
AJAYPAL BANGA
MasterCard
BRUCE BROUSSARD
Humana
MEG WHITMAN
Hewlett-Packard
MARILLYNHEWSON
Lockheed Martin
MUHTARKENT
Coca-Cola
100,000+ FOLLOWERS:
10,000-100,000 Followers:
5,000-10,000 Followers:
this year
LINKEDIN
Of the CEOs who are not
34% have 500+
connections.
18% had that many.
LINKEDIN
>100
24%
100-249
15%
250-500
16%
500+
30% 15%
actively connect with stakeholders.
LINKEDIN
Name
Company + Title
Photo
1 Add’l Section
>100
Connections
100-249
Connections
250-500
Connections
500+
Connections
10
20
30
40
But CEOs aren’t always investing the time it takes to
get the most from the platform.
Chicken or egg?
tend to have more connections.
INCOMPLETE PROFILESCOMPLETE
PROFILES
OUT-OF-DATE
INFO
Still lists previous title
at company
LINKEDIN
Wrong Information
LINKEDIN DOMINATES AS
THE “ENTRY NETWORK” OF
CHOICE AMONG CEOs.
Of CEOs with only 1
network, 73% chose
.
Nearly half of all social CEOs
are only on LinkedIn—presumably
because of the unmistakable
LINKEDIN
GOOGLE PLUS
#socialceo
GOOGLE+ IS LIKELY THE MOST
UNDERUTILIZED SOCIAL PLATFORM.
ONLY 8 CEOs USE IT.
That 1.6% is still up
from last year’s 1%,
however.
As the co-founder of Google Larry Page
has an 8,361,461 follower count.
Twitter
At Least 1
Network
No Social
Media
Presence
GOOGLE+
Less than 15% of CEOs
found Google+ useful for their
work according to our CEO
Information Consumption Report.
GOOGLE+
INSTAGRAM
#socialceo
READY TO BE SHOCKED?
MORE CEOs ARE ON INSTAGRAM
THAN GOOGLE+.
2.6% of F500 CEOs
have Instagram
accounts.
Most CEOs use Instagram to post personal
pictures: family members, vacations and
Twitter
At Least 1
Network
No Social
Media
Presence
INSTAGRAM
In one example, this uber social-savvy
CEO posted a captioned picture of himself
speaking at an event.
As the only F500 CEO who has even
begun leveraging the platform to
promote his company, Michael
Rapino is the clear king of Instagram.
MICHAEL RAPINO
LiveNation
INSTAGRAM
CONCLUSION
#socialceo
A recent survey from Weber
Shandwick reveals that CEOs
believe using social media
shows innovation.
TWITTER
getting the message but others still have yet to prioritize sociability.
More CEOs than ever are on Twitter and Facebook and they’ve even begun
embracing newer social media platforms like Instagram. Through social tools,
CEOs have the opportunity to:
Shape the company’s image
Build relationships with
employees and media
Give a human face to the
company
At the same time, 68.0% of these CEOs
still have absolutely no social media
presence. Furthermore, the CEOs who
are online still have a lot to learn about
how to leverage their social accounts.
So why aren’t more CEOs social? We can make some
educated guesses, but a recent survey from Weber Shandwick
suggests that some CEOs are opting to just communicate
internally rather than take a public-facing communication
approach.
Evidence suggests that CEOs who are on social media,
however, are viewed as more innovative.
Here’s the bottom line: CEOs who
are not using social media are
doing their companies a massive
disservice.
ABOUT THE
RESEARCH
Full Methodology
had, we turned to the . On June 26, 2014, we searched for every CEO on
each of the four major social networks.
accurate
• Content of posts was relevant and believable
• Number and quality of followers were considered
• Account was maintained by or on behalf of the actual CEO
A NOTE ON PUBLIC FIGURE PAGES:
• According to Facebook’s Pages Terms
with other activity that otherwise inferred permission to post on behalf of a CEO were counted.
• Public Figure or fan pages that expressed support or interest in a CEO but not administered by a
representative of that CEO were not counted in the study.
IMPORTANT:
There were actually 502 CEOs on this year’s Fortune 500 list, since both KKR and Whole Foods have co-CEOs.
the nearest tenth.
TWITTER
OR
• Followed by their
handle or
mentioned by a
reputable Twitter
source.
FACEBOOK
OR
• Company listed in
their Facebook
• Friends with
family members of
the CEO or
high-ranking
employees of the
company
LINKEDIN
• Have a LinkedIn
Premium account
OR
• Part of the
OR
• Legitimate-looking
connections, given
recommendations
or engaged in any
other activity that
made the account
appear legitimate.
GOOGLE+
OR
• Has relevant,
believable posts or
family members in
their circles.
INSTAGRAM
• Has relevant,
believable posts or
family members
as followers.
HERE IS A MORE CONCRETE BREAKDOWN FOR EACH INDIVIDUAL PLATFORM:

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Becoming a Social CEO Playbook

  • 1. #socialceo SEPTEMBER 2014 Our annual look at trends in engagement of Fortune 500 CEOs across the major social media networks. 2014SOCIAL CEO REPORT
  • 2. Now in its third year, the Domo + CEO.com Annual Social CEO Report explores adoption, activity and attitudes around social media among elite business leaders. • A whopping 68% of Fortune 500 CEOs have no social media presence at all. • Of those who do, 2/3 of them engage on only one platform. • 74% of CEOs who only participate in a single network . • 42 F500 CEOs currently have Twitter accounts. 69% of them are active, having posted within the last 100 days. • Ready to be shocked? More top CEOs are now on Instagram than Google+. EXECUTIVE SUMMARY Inside MAJORFINDINGS 5 TWITTER 14 FACEBOOK 18 LINKEDIN 21 GOOGLE+ 26 INSTAGRAM 30 ABOUTTHERESEARCH 33
  • 3. INTRODUCTION It’s 2014 and the Fortune 500 CEOs are starting to get the message: sociability of the world’s business leaders are using social media to boost their companies’ brands. According to new research from Domo and CEO.com, more business leaders than ever before are jumping into social media but they aren’t necessarily taking full advantage of these tools. Even though CEOs are getting the big picture when it comes to social media, . So how are today’s CEOs engaging with the public online? Which social media platforms are getting the most attention? Have social habits changed over the past year or have they stayed pretty much the same? This report answers some of those questions.
  • 4. HOW WE DID IT every single CEO on the Fortune 500 list Google Plus and Instagram. We weighed the legitimacy of these social You can read more about our methodology at the end of the report.
  • 6. A whopping 68% of CEOs have no social presence on any major network (Twitter, Facebook,
  • 7. Our research showed an uptick in CEOs who had Twitter and Facebook accounts. LinkedIn, on the other hand, didn’t get much love this year. In keeping with last year, Google+ remains a desolate wasteland. Most of the networks we track showed year-over-year gains. 0 30 60 90 120 150 (no data) 2014 2013 2012 N/A +46% +23% -8% +60%
  • 8. OF THOSE CEOs WHO USE SOCIAL MEDIA, OVER 2/3 OF THEM ARE ONLY ON ONE PLATFORM. 1 Network 2 Networks 3 Networks 4 Networks 5 Networks Mark Zuckerberg is the only F500 CEO on all 5 major networks. # of CEOs on...
  • 9. What’s bringing down these averages? Younger CEOs are on more social networks than their older peers. Think Twitter belongs to Millennials? Think again. On average, CEOs on Twitter are nearly 5 years older than CEOs who are on Google+. 56.8OVERALL AVERAGE AGE 56.7 57.9 52.6 42.1 CEOs on Network CEOs on Networks CEOs on Networks 55.5 56.2 51.9 52.4 Age of F500 CEOs on Social Media Networks: 1 2 4+ Rupert Murdoch is our favorite octogenarian tweeter.
  • 11. HERE’S THE GOOD NEWS: CEOs ARE STARTING TO REALIZE THE VALUE OF TWITTER. There are currently 42 F500 CEOs on Twitter, up from last year’s 28. Jonas Prising has been on Twitter the longest, at nearly six years. 8.3% Twitter At Least 1 Network No Social Media Presence TWITTER
  • 12. It seems unlikely that CEOs are padding their follower count by purchasing fake followers. Instead, CEOs are probably being targeted by spam accounts Either way, one thing is clear: Quality outweighs quantity when it comes to Twitter engagement. 3,696,637 34% TOP FAKERS 25% 20% WARREN BUFFETT Berkshire-Hathaway MARKZUCKERBERG Facebook RUPERTMURDOCH News Corporation By contrast top celebrities on Twitter (Ellen DeGeneres, Lady Gaga, Oprah, Rihanna and the like) have an average of 30.4% fake followers. F500 CEOs on Twitter have a combined follower total of Average % of fake Twitter followers: ...of those 3.6M, 11.5% are fake TWITTER
  • 13. Almost half of the active* CEOs on Twitter tweet once a month or less. TWITTER
  • 14. Overall, 69% of Twitter CEOs are active on the platform Exactly half of CEOs on Twitter have fewer than 100 total tweets. The most active F500 CEO tweeter sends an average of 4.82 tweets/day. 50% 69% Active CEOs tweet about every other day (0.48 tweets/day, little changed from last year’s 0.49/day) 5 CEOs on Twitter have never tweeted That’s 10x the overall average of .48 tweets per day. TWITTER JACK SALZWEDEL American Family
  • 15. 74% OF CEOs ON TWITTER HAVE ENGAGEMENT SCORES OF LESS THAN 10/100. The average CEO on Twitter tweets 20% links, 11% replies and had their top tweet RT’d 1340 times. 26% of CEOs used @mentions in 1 in 5 tweets or more. MICHAEL RAPINORALPH LAUREN MARK BERTOLINIF500 AVERAGE TWITTER Links Replies Other
  • 16. So, where did the growth come from? SATYA NADELLA Microsoft DAVID ZASLAV Discovery Communications CURRENT F500 CEOs JOINING TWITTER NEW F500 CEOs ON TWITTER ALREADY COMPANIES NEW TO F500 w/CEOs ON TWITTER TIM COOK Apple TWITTER As the new face of Microsoft, Satya Nadella is responsible for revamping the company’s image. After four years of radio silence on Twitter, Nadella started tweeting again:
  • 17. Twitter All-Stars of the Fortune 500... MOST FOLLOWERS -3158 844,731 -3110 FASTEST-GROWING FOLLOWING BIGGEST FOLLOWER LOSSES MEG WHITMAN Hewlett-Packard JONAS PRISING Manpower WARREN BUFFETT Berkshire-Hathaway HIKMET ERSEK Western Union Almost 10x the CEO average of 87,827! +4,529% Average follower #s went up by about 27% TWITTER
  • 19. ONCE AN EXCLUSIVE SPACE FOR COLLEGE STUDENTS, FACEBOOK IS NOW A HUB FOR BUSINESSES AND BRANDS. 8.3% of CEOs have Facebook accounts, up from 7% last year. Meg Whitman is the only F500 CEO with a fan page that hasn’t been updated for more than 100 days. Twitter At Least 1 Network No Social Media Presence FACEBOOK
  • 20. Of the CEOs on Facebook, 6 maintain , 21 have semi-private accounts, and 14 use private accounts. FAN SEMI-PRIVATE *non-fan pages with publicly-viewable content PRIVATE FACEBOOK MEG WHITMAN Hewlett-Packard 210,382 followers ALAN MULLALY Ford Motor Company 10,560 followers MARK ZUCKERBERG Facebook 29,001,188 followers MICHAEL JACKSON AutoNation 305 followers JOHN CHAMBERS Cisco Systems 10,268 followers SATYA NADELLA Microsoft 49,906 followers
  • 22. THE PERCENTAGE OF CEOs ON LINKEDIN THIS YEAR IS SMALLER, BUT THEY SEEM TO BE MORE ACTIVE. 25.4% of CEOs have in the past year. Twitter At Least 1 Network No Social Media Presence LINKEDIN
  • 23. JAMIE DIMON JP Morgan GARY KELLY Southwest Airlines MILES WHITE Abbott Laboratories KLAUS KLEINFELD Alcoa IAN READ ANDREW LIVERIS Dow Chemical TIMOTHY MAYOLOULOS Fannie Mae ARNE SORENSON Marriott International LAURENCE FINK BlackRock DENISE MORRISON Campbell Soup WALTER BETTINGER Charles Schwab JOHN DONAHOE eBay JEFFREY IMMELT General Electric ALEX MOLINAROLI Johnson Controls AJAYPAL BANGA MasterCard BRUCE BROUSSARD Humana MEG WHITMAN Hewlett-Packard MARILLYNHEWSON Lockheed Martin MUHTARKENT Coca-Cola 100,000+ FOLLOWERS: 10,000-100,000 Followers: 5,000-10,000 Followers: this year LINKEDIN
  • 24. Of the CEOs who are not 34% have 500+ connections. 18% had that many. LINKEDIN
  • 26. Name Company + Title Photo 1 Add’l Section >100 Connections 100-249 Connections 250-500 Connections 500+ Connections 10 20 30 40 But CEOs aren’t always investing the time it takes to get the most from the platform. Chicken or egg? tend to have more connections. INCOMPLETE PROFILESCOMPLETE PROFILES OUT-OF-DATE INFO Still lists previous title at company LINKEDIN Wrong Information
  • 27. LINKEDIN DOMINATES AS THE “ENTRY NETWORK” OF CHOICE AMONG CEOs. Of CEOs with only 1 network, 73% chose . Nearly half of all social CEOs are only on LinkedIn—presumably because of the unmistakable LINKEDIN
  • 29. GOOGLE+ IS LIKELY THE MOST UNDERUTILIZED SOCIAL PLATFORM. ONLY 8 CEOs USE IT. That 1.6% is still up from last year’s 1%, however. As the co-founder of Google Larry Page has an 8,361,461 follower count. Twitter At Least 1 Network No Social Media Presence GOOGLE+
  • 30. Less than 15% of CEOs found Google+ useful for their work according to our CEO Information Consumption Report. GOOGLE+
  • 32. READY TO BE SHOCKED? MORE CEOs ARE ON INSTAGRAM THAN GOOGLE+. 2.6% of F500 CEOs have Instagram accounts. Most CEOs use Instagram to post personal pictures: family members, vacations and Twitter At Least 1 Network No Social Media Presence INSTAGRAM
  • 33. In one example, this uber social-savvy CEO posted a captioned picture of himself speaking at an event. As the only F500 CEO who has even begun leveraging the platform to promote his company, Michael Rapino is the clear king of Instagram. MICHAEL RAPINO LiveNation INSTAGRAM
  • 35. A recent survey from Weber Shandwick reveals that CEOs believe using social media shows innovation. TWITTER
  • 36. getting the message but others still have yet to prioritize sociability. More CEOs than ever are on Twitter and Facebook and they’ve even begun embracing newer social media platforms like Instagram. Through social tools, CEOs have the opportunity to: Shape the company’s image Build relationships with employees and media Give a human face to the company
  • 37. At the same time, 68.0% of these CEOs still have absolutely no social media presence. Furthermore, the CEOs who are online still have a lot to learn about how to leverage their social accounts. So why aren’t more CEOs social? We can make some educated guesses, but a recent survey from Weber Shandwick suggests that some CEOs are opting to just communicate internally rather than take a public-facing communication approach. Evidence suggests that CEOs who are on social media, however, are viewed as more innovative.
  • 38. Here’s the bottom line: CEOs who are not using social media are doing their companies a massive disservice.
  • 40. Full Methodology had, we turned to the . On June 26, 2014, we searched for every CEO on each of the four major social networks. accurate • Content of posts was relevant and believable • Number and quality of followers were considered • Account was maintained by or on behalf of the actual CEO A NOTE ON PUBLIC FIGURE PAGES: • According to Facebook’s Pages Terms with other activity that otherwise inferred permission to post on behalf of a CEO were counted. • Public Figure or fan pages that expressed support or interest in a CEO but not administered by a representative of that CEO were not counted in the study. IMPORTANT: There were actually 502 CEOs on this year’s Fortune 500 list, since both KKR and Whole Foods have co-CEOs. the nearest tenth.
  • 41. TWITTER OR • Followed by their handle or mentioned by a reputable Twitter source. FACEBOOK OR • Company listed in their Facebook • Friends with family members of the CEO or high-ranking employees of the company LINKEDIN • Have a LinkedIn Premium account OR • Part of the OR • Legitimate-looking connections, given recommendations or engaged in any other activity that made the account appear legitimate. GOOGLE+ OR • Has relevant, believable posts or family members in their circles. INSTAGRAM • Has relevant, believable posts or family members as followers. HERE IS A MORE CONCRETE BREAKDOWN FOR EACH INDIVIDUAL PLATFORM: