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It seems to me that most CEOs are simply irrelevant. The company does well if it does, and doesn't if it doesn't. It is rare that any one person is able to turn
by dingo_bat 11y ago
It seems to me that most CEOs are simply irrelevant. The company does well if it does, and doesn't if it doesn't. It is rare that any one person is able to turn around the fortunes of their company. The only example that comes to mind right now is Steve Jobs.
- jorgecurio 11y agoCarl Icahn put it the best as he described his encounter with a CEO when he asked the question, what does a CEO actually do in a corporation? His answer was that it was a pretty pathetic one based on his observation. The CEO would take him to different floors and explain stuff but nothing that had any substance or material understanding of operating the country. Carl Icahn's view isn't alone. Nassim Taleb also blasts overpaid professionals and experts as "empty suits", they literally add little to no value to the organization other than how much they don't shut up about how great they are and what ivy league school they graduated from. I also have to conclude that CEOs are largely useless and could be replaced by a sock puppet operated by a homeless man.
- fieryeagle 11y agoThis Dilbert strip says it best http://dilbert.com/strip/2011-04-14 http://dilbert.com/strip/2011-04-14.
- jonknee 11y agoCEOs of large companies at least. A big part is supposed to be long term strategy, but Mayer actually outsourced that bit to McKinsey: http://recode.net/2015/11/09/yahoo-hires-mckinsey-to-mull-reorg-as-mayer-demands-exec-pledge-to-stay/ http://recode.net/2015/11/09/yahoo-hires-mckinsey-to-mull-re... She has not done better than flipping a coin would have done, it's a real shame that she has taken so much cash out of the business.