4 ms·
Yep, there is some point between building a product that customers like and sending pig heads to people who have wronged you...before the "pig head" phase is pr
by hogFeast 6y ago
Yep, there is some point between building a product that customers like and sending pig heads to people who have wronged you...before the "pig head" phase is probably best.
Being serious, some people aren't meant to lead. It is why police need oversight, it is why politicians need oversight...95% of people will fold instantly when put in leadership (that this was triggered by the CEO's wife suggests true fragility). Some can't make decisions, some ego hard...but most people shouldn't be there. It is that simple.
Btw though, I wouldn't call the board great. Again, the Compensation Committee Chair is well-known as one of the worst retail executives of all time (up there with Ron Johnson of JC Penney fame). The board is largely composed of people like the CEO whose only proven ability is being able to bullshit other people about their failure. That is what being a CEO/director usually optimises for.
Everyone fails but these guys don't learn and are delusional about their failure. They are agents. Make the directors invest 50% of their net worth and take all their pay as variable compensation. See how many Wenigs they hire? Zero. Very easy to make bad decisions when you are making $400k/year base (add a bonus) for twenty hours work.
Put a spike in the middle of the steering wheel, you won't get many speeders.
- julianeon 6y agoThat seems pretty convincing. I hope they clean house.