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> But what actual risk is the CEO taking? Not much financial risk, no. But they are accountable in many other ways. Personally, I'd never want to be the CEO of
by bkanber 9y ago
> But what actual risk is the CEO taking?
Not much financial risk, no. But they are accountable in many other ways. Personally, I'd never want to be the CEO of a Fortune 500 company, even with a $10M salary.
> usually comes with a multi-million dollar severance package
Only at the top of the game at the largest companies.
> On the other hand, someone who gets laid off because of the company tanking does get hurt, through no fault of their own.
This is of course true, but you're only looking at financial hurt.
> If they don't find another job, their children are not going to go hungry.
For many CEOs, this _was also true_ at some point earlier in their careers.