According to a survey of 5,114 employees by recruitment consultancy Endaba, almost 50% think their CEOs don't care about staff, while 40% believe they don't say what they mean.
Senior managers fare worse, with 30% of staff claiming they do not deliver on their promises and 29% believe them to be untruthful. However the higher up an organisation someone moves, the more trust they have in the boss - only 27% of senior managers do not trust their CEO compared with 39% of other managers and 44% of non-managers.
Lynette Deutsch, founder and CEO of Endaba, said: "Lack of trust can lead to lack of confidence. In an unstable market, this can have a devastating effect on organisations and their share prices - as we are witnessing on a daily basis during the current economic crisis."
CEOs cant be trusted, say staff
Half of employees in the UK dont trust their CEO.
