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Selectorate theory (the rules for rulers) would imply the second type of CEO (hired) is there to distribute treasure to the major stakeholders and not primarily
by jgamman 9y ago
Selectorate theory (the rules for rulers) would imply the second type of CEO (hired) is there to distribute treasure to the major stakeholders and not primarily to grow/invest in the business aka financial strip mining.
- JumpCrisscross 9y agoYou're ignoring that the treasure is dynamic. If I can have 50% of $1 today or 20% of $10 tomorrow, a leader who can produce the second outcome is preferable to one who'll simply distribute à la the first.