4 ms·
One explanation I was given by an economist for excessive CEO glut is that it incentivizes the C-level execs directly below (which arguably are the ones respons
by adamb_ 10y ago
One explanation I was given by an economist for excessive CEO glut is that it incentivizes the C-level execs directly below (which arguably are the ones responsible for the company's execution) to work their hardest, such that they could one day be considered a candidate for the next CEO.
- kwhitefoot 10y agoSounds plausible. But if it is true it is a terrible thing because it means that the C-level are competing against each other for a very scarce resource instead of spending their efforts doing the best for the company.