3 ms·
I’d add that failing as a middle manager gets you fired with very little, while failing as a CEO gets you fired with a golden parachute. Failing as a CEO also s
by Erlangolem 9y ago
I’d add that failing as a middle manager gets you fired with very little, while failing as a CEO gets you fired with a golden parachute. Failing as a CEO also seems to do little to harm your future prospects.
- lulmerchant 9y agoYou're really only talking about a minority of CEOs here. Most of the time, failing as a CEO will mean the end of your career.
- Erlangolem 9y agoThat’s a fair point, I overstated things. I’d rephrase by adding “at a F500 company” after both “middle managers” and “CEO’s” in my original post.
- lulmerchant 9y agoPutting aside the matter of competency for a moment (which I think is being too oversimplified in this discussion), this kinda touches on a positive feature of a free market. Which is that large organisations are by nature less efficient than smaller ones. This gives rise to the possibility of disruption and innovation. The ability to innovate quickly is generally what gives startups over well financed established players. If it weren't for this, then we would see antiquated businesses declining, and innovative startups rising from their ashes.