Two days ago, Emerson joined the T&S team. As the title suggests, he is considered as a "valued associate".
This led me to the question: What is a valued associate and do you have "unvalued" associates?
Note that Who are Stack Overflow Valued Associates? qualifies valued associates as the employees of Stack Exchange inc, but it cannot possibly mean all the employees as all SE employees cannot be moderators, community managers, etc.
Edit: Just to make things clear based on the comments and the questions in it, I am not including in this question the concept of goodness or badness. Interpret it as you want, but this is not my intention and as a non english native speaker, the usage of the word "valued" made me think of the question.