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The CEO's decisions matter. For the most obvious example, see Apple. A series of CEOs drove Apple to near bankruptcy, then Jobs became CEO. With the same employ
by skookumchuck 8y ago
The CEO's decisions matter. For the most obvious example, see Apple. A series of CEOs drove Apple to near bankruptcy, then Jobs became CEO. With the same employees, plant, equipment, culture, etc., he turned it into the largest company in the world.
He did something similar to Pixar.
Microsoft is another example. Same company, same staff, same products, 3 CEOs, stark difference in results.
- kochikame 8y agoYour examples show that CEOs "can" matter, but not that they "do" matter. I think anyone would agree that there are plenty of CEOs who happened to get their jobs just as pipelines come through, the economy rebalances in their favor, long-term HRD plans come to fruition etc. but they get all the credit anyway
- skookumchuck 8y agoThe man in charge always gets the credit. I have some AMZN stock. I wouldn't trade Bezos for someone cheaper. Would you?
- ALittleLight 8y agoTo my knowledge Bezos gets paid only 80 grand a year - so no.
- skookumchuck 8y agoThat's salary, not compensation.
- Pharmakon 8y agoIt’s pretty much both. https://www.marketwatch.com/story/the-typical-amazon-worker-made-less-than-30000-in-2017-2018-04-18 https://www.marketwatch.com/story/the-typical-amazon-worker-... Companies this year are reporting their CEO pay in relation to the compensation of a median worker for the first time as a result of a 2015 rule mandated by the Dodd-Frank act. Amazon Chief Executive Jeff Bezos recorded total compensation of $1,681,840 in 2017, almost all of which is money paid for personal security — Bezos drew a salary of $81,840 and received no additional stock. Bezos’s compensation is 59 times the median Amazon worker’s. He doesn’t need to draw a fat salary or get more stock, he already owns more than $110,000,000,000 in stock.
- kochikame 8y agoBezos is a hardcore megabrain who lives in the future I think he is atypical, and so not a good representative example
- brohee 8y agoApple was eaten from the inside by Next, it's definitely not Jobs alone, it's Next using Apple capital and brand.
- skookumchuck 8y agoJobs created Next, too.