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I'm not disagreeing with you but is it illegal for a CEO to be bad at their job?
by Narkov 7y ago
I'm not disagreeing with you but is it illegal for a CEO to be bad at their job?
- Skunkleton 7y agoIt’s illegal to be bad at many jobs in certain ways. Companies need more regulation that results in personal accountability.
- slyfocks 7y agoOne could argue that the airline CEOs acted rationally and strategically—they know the airline industry’s importance to the US economy gives them great odds of a bailout if a black swan event were to occur, so there was more value to shareholders generated by stock buybacks than reserving cash for a worst-case event.