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These Are the Most Over and Underrated CEOs

Fortune’s survey of the World’s Most Admired Companies, now in its 21st year (and conducted by our partner the Korn Ferry), has always measured the reputations of large corporations as seen by their fellow big-company executives. For the past three years, we’ve also asked our respondents to weigh in on the reputations of the people who lead those enterprises. Specifically, we asked respondents to tell us which CEOs aren’t getting enough credit—and which are getting too much.

For the third year in a row, Satya Nadella of Microsoft took the number one spot as most underrated CEO and Jeff Bezos of Amazon finished second. While the 2017 and 2018 votes were relatively close, Nadella won more than twice as many votes as Bezos in this year’s survey. It’s not coincidental that Nadella has presided over a remarkable revival at Microsoft, as a prescient investment in cloud technology paid off for the company. In November, Microsoft even unseated Apple as the world’s most valuable company by market capitalization–though it was dethroned itself earlier this month by, yes, Amazon.

Of course, this survey is nothing if not subjective. Three CEOs–Bezos, Tim Cook of Apple, and Jamie Dimon of JPMorgan Chase–managed to make it on to the most underrated and most overrated lists. One takeaway: Any CEO famous enough to be a virtual brand name is likely to attract as many critics as fans.

Underrated CEOs

Based on 4,243 responses

Satya Nadella, Microsoft: 217 votes

Salon Viva Technology 2018, Startup connect : Day One
Nadella attends the Viva Tech start-up and technology gathering at Parc des Expositions Porte de Versailles on May 24, 2018 in Paris.Christophe Morin — IP3 Getty Images

Jeff Bezos, Amazon: 98 votes

WIRED25 Summit: WIRED Celebrates 25th Anniversary With Tech Icons Of The Past & Future
Bezos at the WIRED25 Summit on October 15, 2018 in San Francisco,Phillip Faraone — Getty Images for WIRED25

Mary Barra, General Motors: 83 votes

Mary Barra
Barra speaks at the Automotive News World Congress in Detroit on Jan. 16.Paul Sancya — AP

Jamie Dimon, JPMorgan Chase: 80 votes

Boston Chase Expansion Event
Dimon visits Chase’s first retail branch in downtown Boston, expected to open this month, on Dec. 12, 2018.Gretchen Ertl — AP

Tim Cook, Apple: 79 votes

Apple Debuts Latest Products
Cook speaks during an Apple event at the Steve Jobs Theater at Apple Park on September 12, 2018 in Cupertino, California.Justin Sullivan — Getty Images

Overrated CEOs

Based on 3,163 responses

Mark Zuckerberg, Facebook: 635 votes

Facebook CEO Mark Zuckerberg Testifies At Joint Senate Commerce/Judiciary Hearing
Zuckerberg testifies before a combined Senate Judiciary and Commerce committee hearing in the Hart Senate Office Building on Capitol Hill April 10, 2018.Zach Gibson — Getty Images

Elon Musk, Tesla/SpaceX: 340 votes

US-SCIENCE-SPACE-SPACE X
Musk speaks at the 2018 SpaceX Hyperloop Pod Competition, in Hawthorne, California, on July 22, 2018.Robyn Beck — AFP/Getty Images

Tim Cook, Apple: 183 votes

Apple Holds Launch Event In Brooklyn
Cook laughs while Lana Del Rey (with iPad) takes a photo during a launch event at the Brooklyn Academy of Music on October 30, 2018.Stephanie Keith — Getty Images

Jeff Bezos, Amazon.com: 179 votes

Spheres
Bezos is taken on a tour of the plants around The Spheres during the grand opening at the Amazon Spheres in Seattle on January 29, 2018.The Washington Post The Washington Post/Getty Images

Jamie Dimon, JPMorgan Chase: 167 votes

JPMorgan Chase CEO Jamie Dimon
Dimon tours the offices of the Jewish Vocational Service in Boston on Dec. 12, 2018.Suzanne Kreiter — Boston Globe via Getty Images